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Veteran Member
Member Since Dec 2008
Location: Oregon
Posts: 413
15 |
Feb 22, 2011 at 05:56 PM
#1
I was wondering if anyone knew of a life insurance company that will accept someone with a mental illness and a history of suicide attempts, years after the suicidal thoughts are gone and the person is stable.
I'm considering starting up my own business, but one thing holding me back is the fact that I'd lose my group life insurance at work. We are heavily in debt and my family needs income replacement if anything ever happens to me. I'm not suicidal nor am I looking for the insurance to pay if I do become suicidal. I want it to pay if I get cancer or die in a car accident. The best I can get is AD&D insurance, which does cover a lot of the things that could happen to me at my age. But it's very possible that I could get some disease like cancer and die early, leaving my family penniless. I'm obviously at a point where I realize what my actions could do to my family, and the thought of suicide sickens me. __________________ Martina 30 year old wife & mom to a 5 year old girl Bipolar Disorder and Borderline Personality Disorder |
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Moderator
Community Support Team 
Member Since Mar 2006
Location: Ontario, Canada
Posts: 11,534
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Feb 22, 2011 at 08:44 PM
#2
Good luck - anyone with a mental illness or addictions history is pretty much excluded from life insurance, or at least that's been my experience. I tried to get supplmental health isurance privately to cover me, from when I lost insurance at the old job and insurance at the new job kicks in. I got turned down by every company I applied to.
--splitimage __________________  "I danced in the morning when the world was begun. I danced in the moon and the stars and the sun". From my favourite hymn. "If you see the wonder in a fairy tale, you can take the future even if you fail." Abba 
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Grand Magnate
Member Since Jan 2011
Location: Australia
Posts: 3,260
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Feb 22, 2011 at 09:04 PM
#3
I might be mistaken but I am pretty sure that you can get a policy that just covers cancer. You know those commercials with the duck? You might be able to go that route -- get one for accidental death and then get another policy for those devastating illnesses.
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Legendary
Member Since Aug 2007
Location: West of Tampa Bay, East of the Gulf of Mexico
Posts: 14,352
(SuperPoster!)
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Feb 22, 2011 at 09:19 PM
#4
Starting a business when you are heavily in debt may be awfully stress-provoking.
If you haven't already, maybe it would be helpful to talk with a financial advisor. I wonder if your current life insurance policy is one that can be converted from an employer policy to a private policy upon termination of employment. You could call the insurance company and inquire about that. |
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Junior Member
Member Since Dec 2010
Location: Iowa
Posts: 18
13 |
Feb 22, 2011 at 10:37 PM
#5
My husband and I were able to get a policy through Primamerica. There is a clause that says that if it is suicide within 2 years of purchase of the policy it will not pay. Hopefully this could work for you as well.
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 Fresia
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Posts: n/a
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Feb 23, 2011 at 12:09 AM
#6
Who has access to any records that you've attempted suicide?
I've attempted multiple times yet I've never been denied any type of insurance. |
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Poohbah
Member Since Jun 2010
Location: sumter sc
Posts: 1,121
14 |
Feb 23, 2011 at 12:49 AM
#7
 Quote:
Yeah that sucks  I hope you find a good insurance company sending huggs your way
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Member
Member Since Jan 2012
Location: Colorado
Posts: 84
12 |
Jan 18, 2012 at 08:51 PM
#8
Despite the fact you attempted suicide yiur where companies would " want you to be" to be considered for a review as well as your depression you'll just have to pay special premiums and are in a different classification but still obtainable. And for those who are alcoholic you too can get approved at a higher premium after 5 years if sobriety!
__________________  Life is a juorney not a destination--Souza "The journey of a thousand miles begins with one step.". - Chinese Saying :idea2 |
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