Underwriting Uncovered: Mood & Anxiety Disorders

  • Originally published January 21, 2014 , last updated April 10, 2018
Underwriting Uncovered: Mood & Anxiety Disorders

These days it’s common for individuals to have a formal diagnosis of anxiety or depression — or both. The mortality risk is primarily due to cardiovascular disease, suicide and substance abuse. The risk is the highest early in the course of treatment or within two years of hospitalization. We divide mood disorders into depressive and bipolar disorders. Anxiety disorders can include panic and social phobias, generalized anxiety disorders, obsessive compulsive disorder and post-traumatic stress disorder (PTSD).

Antidepressants, with or without counseling, are effective in treating most individuals, although for severe cases, electroconvulsive therapy or anti-psychotic agents may be prescribed. So when you’re meeting with potential clients who disclose that they’re taking antidepressant medication, here’s what you should ask so we can assess a tentative rate class on them:

  • What is the clinical diagnosis?
  • What was the date of diagnosis?
  • What type of treatment are they currently receiving?
  • Any hospitalizations?
  • Any alcohol or drug-abuse history?
  • Any suicide attempts or thoughts?

Once you’ve been able to gather as much of the pertinent information as possible, give our experts in the life department a call at 1.800.786.5566.