depression anxiety life insuranceLife insurance and depression, including anxiety, PTSD, mood disorders, eating disorders, personality disorders and other mental illnesses, impact 1 in 5 Canadians during their lifetime, positioning it as the leading cause of disability across the country [1].

The journey of managing mental health often intersects with various facets of life. Securing life insurance for mental illness can be challenging for those affected by conditions such as anxiety, depression, Bipolar disorder, Schizophrenia and PTSD.

The financial implications are equally notable. The annual cost of mental health issues in Canada amounts to $51 billion, highlighting the substantial impact on both individual lives and the broader economy [1].

Our understanding and approach towards mental health life insurance for individuals facing mental illnesses have evolved, reflecting a more inclusive and supportive insurance landscape.

We recognize the unique challenges faced by those with mental health diagnoses, including potential difficulties in securing life insurance traditionally.

Given this context, we are committed to offering viable life insurance options for Canadians who might have previously been declined due to mental health issues.

This article aims to navigate the intricacies of acquiring life insurance amidst mental health challenges.

It underscores our commitment to providing support and solutions tailored to those affected by mental health issues and ensuring they receive the coverage they rightfully need and deserve.Life Insurance Solutions

Understanding Mental Health and Life Insurance

Mental health conditions such as depression, anxiety, and PTSD present unique challenges in securing life insurance in Canada [5]. The process is influenced by various factors, including the type of mental illness, its severity, treatment plans, and any history of hospitalizations.

It's important to understand that each insurance provider has underwriting guidelines that affect assessing applications.

Factors Influencing Life Insurance Applications

  1. Type of Mental Illness: Different mental health conditions are evaluated uniquely.
  2. Severity of Symptoms: More severe symptoms can lead to higher premiums or denial.
  3. Treatment and Medication: Consistency and effectiveness of treatment are considered.
  4. Previous Hospitalizations: These can indicate the severity of the condition.

Recognized Mental Health Conditions

Insurance companies consider a range of mental health issues, including:

  • Depression
  • Anxiety disorders
  • Post-Traumatic Stress Disorder (PTSD)
  • Bipolar disorder
  • Schizophrenia
  • ADD and ADHD
  • Borderline Personality Disorder
  • Obsessive-Compulsive Disorder (OCD)

Insurance Underwriting Guidelines

Different insurance companies follow distinct underwriting guidelines. These guidelines help insurers assess the risk associated with an application and determine eligibility and premium rates.

Application questions may include the type of mental illness, severity of symptoms, treatment history, and overall stability of the individual's mental health.

Prevalence of Mental Health Issues in Canada

Mental health conditions are widespread across Canada, affecting millions. Recognizing the significant number of individuals impacted, there are national frameworks and policies in place aimed at reducing stigma and improving access to care and support for those living with mental health conditions like post-traumatic stress disorder, obsessive-compulsive disorder, depression, and anxiety disorder [7].

Insurance Options for Previously Declined Applications

We understand the difficulties faced by individuals who have been denied life insurance due to mental health conditions. Our approach includes offering specialized insurance products that consider the nuances of mental health challenges.

We offer no medical exam policies that provide Canada's best Anxiety Life Insurance, including individuals who may suffer from more than one mental health illness.

This initiative ensures Canadians have access to the financial security provided by life insurance, regardless of their mental health history.

Financial and Health Support Systems

Several support mechanisms are available to help individuals with mental health conditions manage their financial and health-related needs.

Manulife mental health coverage is called Manulife's Flexcare®. Offering Health and Dental plans, these Plans include benefits specifically for mental health treatments, including mental health professionals or psychotherapy, which cover services from registered professionals [1].

Additionally, the Disability Tax Credit (DTC) provides financial relief to those who qualify based on the severity of their impairment rather than diagnosis alone [8].

Impact on Life Insurance Qualification

Qualifying for life insurance can be more demanding for those with mental health conditions. Insurers evaluate the risk by considering various factors, such as the type of mental illness, its severity, the treatment being undertaken, and if you have had a previous hospitalization due to your illness.

These factors determine the insurance policy's terms, including premium costs and coverage limits [2].

Comprehensive Coverage Options

For those who may find it challenging to obtain traditional life insurance due to their mental health, there are alternatives such as guaranteed or simplified issue life insurance policies.

These policies do not require a medical exam and have fewer underwriting hurdles, providing a viable option for coverage in Canada.

By understanding these aspects and working with knowledgeable insurance providers like us, individuals with mental health conditions can find suitable life insurance solutions that offer peace of mind and financial security.

Disclosing Mental Health Information

When applying for life insurance, it is crucial to disclose all relevant mental health conditions, including details about diagnosis, treatment history, medication use, hospital admissions, suicide attempts, addiction or substance abuse issues.

This transparency is vital not only for the accuracy of your application but also to ensure you are offered the most appropriate policy options.

Choosing the Right Time to Apply

Timing can significantly affect the success of your life insurance application. Demonstrating a period of stable mental health and effective treatment can lead to more favourable terms, such as lower premiums and approval of your application [2].

However, be aware that applications can be subject to extended wait times, potentially higher premiums, or even denial, depending on the insurer's assessment of the risk associated with your mental health condition.

Understanding Policy Options

For those who might have faced difficulties securing traditional life insurance due to mental disorders, there are specialized options available that do not require a doctor's report or physician statement to evaluate your insurance application:

  • Guaranteed Issue Life Insurance: No medical exams or health questions are required, though premiums tend to be higher with lower coverage limits [4].
  • Simplified Issue Life Insurance: This does not require a medical exam but does involve answering health questions. It is suited for those with moderately severe conditions and generally comes with slightly higher premiums than traditional policies but is typically more affordable than a rated policy.

The Importance of Accurate Disclosure

Failing to disclose any pre-existing condition or mental health condition during the application process can lead to severe consequences, such as policy cancellation or denial of death benefits.

Providing all mental health information accurately is imperative to avoid these risks and ensure you receive the best possible coverage terms.

Specialized Insurance Providers

Our insurance brokers specialize in high-risk cases, including applicants with mental health conditions. Our licensed brokers are experienced in working with such cases. We provide Canada's best insurance quotes and a no-judgment application process with ongoing support.

We can help you navigate the complex application process and find coverage that suits your needs and budget. Even if you are suffering from generalized anxiety disorder, panic disorder, eating disorder, postnatal depression, or major depression, we have Canada's best options.

Tailored Insurance Solutions

We are committed to providing life insurance solutions for Canadians who may have been previously declined due to mental health issues like anxiety, clinical depression, mood disorder, and PTSD.

By working with specialized insurers and utilizing policies like guaranteed, simplified issue life insurance or no medical insurance, we ensure that more individuals can access the financial security they need.

call todayCall Today!
Speak with one of our friendly and knowledgeable advisors.
Phone: 613-817-4822

Challenges and Solutions

Challenges in Securing Life Insurance with a Mental Health Diagnosis

Securing life insurance can be particularly challenging for individuals with mental health diagnoses due to various factors such as stigma and the complexity of proving mental illness.

Common hurdles include insufficient medical documentation, limited treatment history, and the subjective nature of mental illnesses [13].

Additionally, the application process often faces issues with medical credibility and inconsistencies in medical records, which can lead to the denial of disability benefits claims.

Solutions for Overcoming Insurance Challenges

Comprehensive Mental Health Strategy Implementation

The implementation of the Mental Health Strategy for Canada is a significant step towards improving outcomes for individuals with mental health issues.

This strategy focuses on promoting mental health, preventing mental illness, fostering recovery, and reducing stigma, which collectively contributes to a more inclusive society.

Such an environment can indirectly enhance the ability of individuals with health conditions to secure life insurance [12].

Specialized Insurance Providers and Policies

Several insurance providers, such as UV Insurance, Humania Assurance, Industrial Alliance (iA), and Canada Protection Plan (CPP), offer specialized life insurance policies for individuals with pre-existing mental health conditions.

These policies typically require no medical exams and ask limited questions, making the application process less daunting and more accessible.

Working with all these providers allows us to provide Canada's best life insurance quotes. No matter your medical condition, we have solutions.

Organizational Support and Training

Organizations play a crucial role in supporting individuals with mental health conditions. By training managers to recognize symptoms and provide appropriate support, workplaces can facilitate smoother transitions for employees returning to work after dealing with mental health issues.

This support is crucial for the individual's recovery and financial stability [9].

Treatment and Documentation

Effective treatment and thorough documentation are vital to overcoming challenges in securing life insurance. Prescription medication and counselling are primary treatments for mental illnesses [1].

Ensuring these treatments are well documented can help prove the condition's stability and management, improving the application's credibility [13].

Navigating Claim Denials

If a life insurance claim is denied, it is essential to carefully review the denial letter, gather additional documentation, and consider filing an appeal.

This process requires attention to detail and understanding the reasons for denial, such as unproven connection to work or inconsistent applications [13].

By addressing these challenges with comprehensive solutions and leveraging the support of specialized insurance options, we can improve access to life insurance for Canadians who may have been previously declined for a life insurance application due to mental health issues like anxiety, depression, and PTSD.

This commitment ensures that more individuals receive the financial security they need and deserve.

Tips for Securing Life Insurance

Maintain Consistent Treatment and Documentation

To enhance your chances of securing life insurance, it's crucial to maintain stability and compliance with your mental health treatment plan. This includes regular visits to healthcare professionals and adherence to prescribed medications.

Documenting this consistent care demonstrates to insurers your commitment to managing your health, which can positively influence their assessment.

Demonstrate Daily Functionality

When applying for life insurance, emphasize your ability to function effectively in daily life and at work. This includes providing evidence of steady employment or other responsibilities you manage well, which reassures insurers of your stability.

Utilize Expert Guidance

Consider engaging with our experienced insurance brokers, who specialize in cases involving mental health conditions. Our professionals can guide you through the insurance application process and help you find the best policy tailored to your needs and budget.

Compare Insurance Providers

We will shop around and compare quotes from multiple Canadian insurance companies. This allows you to find the most favourable terms and understand the range of coverage options available, including those specifically designed for individuals with a history of mental health issues.

Understand Policy Types

Familiarize yourself with the different life insurance policies, such as term life, whole life, and universal life insurance. Each type offers varying benefits and limitations, so understanding these can help you choose the best fit for your needs [10].

Policy Review

Life changes, and so can your mental health status. Regularly reviewing your life insurance policy ensures it continues to meet your needs. Adjustments might be necessary if there are significant changes in your health or personal circumstances.

Consider No Medical Life Insurance Options

For those who have been declined or rated for traditional life insurance due to mental health issues, no medical life insurance policies can be a viable alternative. These policies typically require no medical exam and involve minimal health questions, easing the application process [6].

Collaborate with Specialized Brokers

Working with life insurance brokers like we offer at Life Insurance Solutions, who have access to a broad range of policies, can be particularly beneficial. They can provide expert advice and connect you with insurers more accommodating of pre-existing mental health conditions.

Leverage Mental Health Benefits

Utilize available mental health insurance benefits, such as those in Manulife's Flexcare Health and Dental Plans, which cover treatments from specialized registered professionals. This supports your ongoing health management and demonstrates to insurers your proactive approach to maintaining your mental health [1].

By following these tips and maintaining a proactive approach to managing your mental health, securing life insurance can become a more achievable goal, providing you with the financial security and peace of mind you deserve.

call todayCall Today!
Speak with one of our friendly and knowledgeable advisors.
Phone: 613-817-4822

Can I get life insurance after I have been declined?

Yes, for individuals who have faced rejection when applying for traditional life insurance due to mental health issues, there are tailored insurance options available that cater specifically to your needs.

Understanding these no-medical exam alternatives can provide a pathway to obtaining your desired coverage. Contact us today to explore your best policy rates.

Guaranteed Issue Life Insurance

Guaranteed-issue life insurance is a viable option for those who have been declined for traditional or standard rates due to mental health diagnoses like anxiety, depression, and PTSD.

This type of policy does not require medical exams or health questionnaires, making the application process straightforward.

However, while these policies are more accessible, they often have higher premiums and offer less coverage than traditional life insurance policies.

Simplified Issue Life Insurance

Another alternative solution is a simplified-issue life insurance policy. This option does not require a medical exam but does ask applicants to complete a health questionnaire.

It is designed for those with moderately severe conditions and might be a suitable choice if you have a stable, well-managed health condition.

Like guaranteed-issue policies, simplified-issue insurance premiums may be slightly higher than standard policies.

Specialized Insurance Providers

There are insurance providers in Canada who specialize in offering life insurance to individuals with pre-existing mental health conditions.

Companies like Canada Protection Plan, UV Insurance, Humania Assurance, and Industrial Alliance (iA) provide these specialized policies, which do not require medical exams and require only limited health-related questions.

We work with these providers, and this can increase your chances of obtaining life insurance, even if you have previously been declined due to your mental health condition or a mental health diagnosis.

Speak with a life insurance broker now, or book a time that works best for you. We are available evenings and weekends.

Life Insurance Solutions provides a no-judgment insurance application process. No matter your circumstances or situation, we understand.

Considerations for Applicants

When applying for guaranteed or simplified life insurance, it's crucial to understand the specific terms and conditions. These policies are generally more expensive and offer less coverage than traditional life insurance.

Still, they can be a critical safety net for those unable to secure standard coverage due to their medical history.

Additionally, it's essential to be aware that most insurance plans, including these specialized policies, do not cover death by suicide within the first two years of the policy due to the suicide clause that is in all Canadian life insurance policies.

By exploring these options and working with insurers who understand and accommodate the complexities of mental health, we can ensure that more Canadians can access the life insurance coverage they need, providing peace of mind, income protection, and financial security for themselves and their families.

Top Life Insurance Providers for Mental Illness

UV Insurance - No Medical Exams Required

UV Insurance provides a variety of coverage choices tailored for individuals managing mental health challenges like anxiety, depression, and PTSD. This ensures Canadians previously denied coverage can still secure life insurance. Their simplified issue product includes:

  • Coverage Amounts: $10,000 – $499,999
  • Term Lengths: Available in 10, 15, 20, 25 and 30-year terms, whole life pay to 100 and 20 pay options.
  • Eligible Ages: 15 days old up to 80 years
  • Underwriting Process: Involves answering 15 questions to determine eligibility and ten more questions if you are looking for coverage over $150,000, with no medical exams required

Industrial Alliance (iA) - Access Life

IA FinancialIndustrial Alliance provides a flexible approach to life insurance for individuals with mental health conditions through their Access Life policy options:

  • Coverage Amounts: $10,000 – $500,000
  • Term Lengths: Options include 15, 20, or 25-year terms or a whole life policy
  • Eligible Ages: Coverage from 6 months up to 80 years
  • Underwriting Process: Offers plans ranging from no questions for Guaranteed Access to more detailed plans requiring up to 13 questions for Immediate Plus, with no medical exams required

Canada Protection Plan (CPP) - Guaranteed Acceptance Life

Canada protection planCanada Protection Plan specializes in providing life insurance solutions without the need for medical exams, making it easier for those with mental health diagnoses to be approved:

  • Coverage Amounts: $5,000 – $50,000
  • Policy Type: Whole life
  • Eligible Ages: 18-75 years
  • Underwriting Process: No health questions are required, streamlining the application process for those previously declined due to mental health issues.

Canada Protection Plan - Additional Options

Canada protection planBeyond Guaranteed Acceptance Life, Canada Protection Plan offers a range of No Medical and Simplified Issue Life Insurance plans suitable for varying degrees of mental health conditions:

  • Plan Types: Includes Deferred Life, Deferred Elite Life, Simplified Elite Life, Preferred Life, and Preferred Elite Life
  • Term Lengths: Coverage for 10, 20, 25, or 30 years, with complete protection from day one and coverage extending to age 80 [14]
  • Renewability and Convertibility: Plans are renewable and can be converted to a permanent plan until age 70, regardless of health status at the time of conversion [14]

Humania Assurance - Insurance without Medical Exam

Humania Assurance incHumania Assurance offers a range of coverage options specifically designed for those dealing with mental health issues, such as anxiety, depression, and PTSD, ensuring that Canadians who may have been previously declined can still obtain life insurance. Their IWME product features:

  • Coverage Amounts: $5,000 – $300,000
  • Term Lengths: Available in 10, 20, or 100-year terms
  • Eligible Ages: 18-70 years
  • Underwriting Process: Involves answering up to 6 questions to determine eligibility and 12 to determine premium rates, with no medical exam required [2]

These providers demonstrate a solid commitment to offering life insurance solutions that accommodate the unique needs of individuals with mental health conditions, ensuring more Canadians have access to insurance eligibility while dealing with mental health conditions like depression.

Alternatives to Traditional Life Insurance

Non-Insured Health Benefits (NIHB) Program

Non Insured Health Benefits programIndigenous Services Canada manages the Non-Insured Health Benefits (NIHB) program, which offers eligible First Nations and Inuit mental health counselling.

This initiative is crucial for those who may not have access to traditional health insurance options [15]. Express Scripts Canada facilitates the claims processing services for the NIHB, ensuring efficient handling of mental health counselling benefits [15].

Providers are encouraged to enroll in this program to allow direct claims submission, which helps prevent clients from incurring fees at the point of service [15].

Disability Benefits for Mental Illness

In Canada, mental illness can be recognized as a disability, affording Canadians the same eligibility for disability benefits as those with physical disabilities.

These benefits are provided through a combination of federal, provincial, or territorial healthcare systems and private insurance designed to offer financial support for basic living expenses, treatments, and medical bills [13].

When applying for mental illness disability benefits, it is essential to consider several factors:

  1. Medical Documentation: Ensure all medical records and documentation are thorough and up-to-date.
  2. Selecting the Right Program: Choose a disability benefits program that fits your needs.
  3. Medical Assessment: Undergo a comprehensive medical assessment to establish the extent of the mental illness.
  4. Application Form: Complete the application form accurately to avoid delays in processing [13].

Challenges such as stigma, the subjectivity of mental illnesses, and inconsistencies in medical records can complicate the process. It is crucial to address these issues by ensuring correct and complete treatment and overcoming the complexity of the system [13].

Specialized Insurance Providers for Previously Declined Applications

We provide life insurance options for Canadians who may have experienced disability discrimination due to pre-existing conditions like mental health issues, anxiety, depression, PTSD, paranoia, phobias, self-harm, attention deficit hyperactivity disorder or even suicide attempts.

By collaborating with specialized insurance providers, we offer tailored insurance solutions that consider the unique challenges of a mental health condition.

This approach includes Canadians who may have been declined due to their medical information bureau records. Policies such as guaranteed acceptance or simplified-issue life insurance policies are designed to provide necessary coverage without the stringent requirements of traditional life insurance.


mental health life insuranceNavigating through the complexities of securing life insurance while managing a mental health condition like anxiety, depression, and PTSD has highlighted a significant journey toward inclusivity and support within the Canadian insurance industry.

Throughout this article, we've underscored the evolution of life insurance accessibility, showcasing an encouraging trend where specialized providers extend coverage options to those previously declined due to mental health issues.

This dedication to offering tailor-made insurance solutions underlines a foundational promise to ensure financial security and peace of mind for all Canadians, regardless of their mental health history.

In conclusion, our commitment to providing viable life insurance options for Canadians dealing with mental health challenges stands as a beacon of progress and hope.

The array of specialized policies, including guaranteed or simplified issue life insurance, represents a pivotal shift towards understanding and accommodating the unique needs of individuals affected by a mental health condition.

By fostering a supportive insurance landscape, we affirm the value of inclusive practices and empower individuals to secure their and their families' futures. This demonstrates a profound recognition of mental health's impact on life insurance accessibility.


Can individuals with PTSD obtain life insurance?

Answer: Yes, individuals diagnosed with depression, anxiety, and PTSD, including Veterans and those currently in service, can secure life insurance coverage.

Is it possible to acquire life insurance with a depression diagnosis?

Answer: Yes, many insurance companies are willing to provide life insurance to those with mental health conditions, such as depression, especially if the condition is well-managed, recognizing the universal need for life insurance.

Are people on antidepressants eligible for life insurance?

Answer: Yes, Individuals on antidepressants can qualify for life insurance, though finding the appropriate policy may require assistance from an experienced insurance broker, such as we provide, due to potential challenges.

Get A Quote

There is no pressure or obligation to buy, and we offer a non-judgmental application process.

Can someone experience both complex PTSD and depression simultaneously?

Answer: Yes, individuals with complex PTSD (CPTSD) often report a greater variety of trauma experiences, higher levels of interpersonal stress, and increased mental health issues, including symptoms of depression, dissociation, and psychosis, compared to those without PTSD.

If you or someone you know is in immediate crisis or has suicide-related concerns

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Connect to a responder for help without judgment. Call or text 9-8-8 toll-free, anytime, for support in English or French.

Call: 9-8-8 (toll-free, 24/7)
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