Bipolar disorder and life insurance

life insurance and bipolar disorderLife Insurance with Bipolar Disorder

If you are applying for life insurance and have been diagnosed with bipolar disorder, then you need to read this. At TermLife2Go, we focus on high risk life insurance by aligning each client with the best life insurance company that caters to that client’s specific need, health and lifestyle.

There are three important questions you need to ask if you are applying for life insurance with bipolar disorder:

  1. Can I get life insurance if I have bipolar disorder?
  2. What rate class can clients with a history of bipolar qualify at?
  3. What is the process of obtaining life insurance with bipolar disorder?

Let’s begin with a brief overview of bipolar disorder.

Bipolar disease, also known as bipolar affective disorder, manic depressive disorder, or manic depression, is a mental illness classified by psychiatrists as a mood disorder.  Individuals with bipolar disorder experience episodes of a frenzied mood known as mania alternating with episodes of depression.  Approximately 4% of people suffer from this disorder with an equal prevalence between men and women.

There are two types of Bipolar, Bipolar I and Bipolar II. Bipolar I deals with a full blown manic attack. Bipolar II deals with a major depressive episode.

Can I get life insurance with bipolar disorder?

The quick answer is, YES.

Ultimately, approval for life insurance with bipolar disorder will depend on the type and severity of your condition.  How well it is being controlled as well as how long you have been in control of your condition will also play a role.

Typically insurance underwriters are going to be interested in:

  • How your current treatment has removed or lessened your symptoms?
  • How long have your symptoms been under control?
  • Are you following your Doctor’s orders and taking your medication as prescribed?
  • If working, what has your work history been like?

Essentially, if you are managing your symptoms well and are able to life a “normal” and active life, there are some life insurance companies that will consider you a “normal” life insurance risk.

The problem lies in that not all insurance companies are the same. This is why it is very important to disclose your condition to your TermLife2Go agent before applying since some insurance carriers will not insure those who have bipolar.

What rate class can a client with a history of bipolar qualify at?

This is a difficult question to answer since life insurance companies have about 16 different rate classes. What rate class you qualify for will also determine your cost. For more severe types of bipolar 1, burial insurance or accidental insurance might be the only option. You can check out the best final expense and burial insurance companies to get an idea of what might be available.

Most well controlled clients will come back at a standard rate class. If you have bipolar 2, the life insurance underwriter will want to know that you have not been hospitalized in the last few years due to the condition, that you are holding down a job (i.e. history of employment) and that it does not interfere with your activities of daily living (ADLs).

However, a client with superb documentation showing control and compliance, with no hospitalization in the last 10 years, who is taking their medications as required, and whose condition does not interfere with their daily activities, could come back at a preferred rate class.

All too often, the rate class you qualify for hinges on your physician records. If your doctor has put notes in your medical file alluding to the possibility of suicide that will play a significant role in your approval. The better the physician statement to the life insurance carrier reviewing your application, the better the result will be for you. This is why no life insurance agency can guarantee you a rate class until you have gone through the underwriting process.

At TermLife2Go we go the extra mile for our clients. Read about our 4 Step Process for getting client’s with Pre-Existing conditions approved for life insurance.

What is the process of obtaining life insurance with bipolar disorder?

The best route to take when applying for life insurance with bipolar is a fully underwritten life insurance policy. This policy requires a medical exam. The examiner typically comes to your home and checks your height and weight and takes a small blood and urine sample. Your lab results are then processed. The carrier will request physician statements and look into your medical records. The carrier will also do a prescription database check to see what medications you are currently taking and have taken in the past. An underwriter will then assess your “risk” level and give you a rate class assigned to your specific risk. Your assigned agent at TermLife2Go will then follow up with you and let you know of your approval.

The entire process is handled by us so you can just sit back and wait for the life insurance carrier to complete your file. Speaking of life insurance carriers, not all life insurance carriers are the same when it comes to underwriting clients with bipolar disorder!

The Key to Finding the Best Rate On Life Insurance With Bipolar is Having Options

Various carriers take on “niches” in an effort to earn market share. It is important to know these niches and it is important the agency you chose has the freedom to choose from multiple life insurance carriers, that way you have the freedom to choose the life insurance carrier that has the most liberal underwriting for bipolar disorder.

As a consumer with bipolar disorder  you will want to apply for insurance with an agency that is not bound to one carrier and will be able to shop your application to dozens of different companies available.  Only by doing this can you ensure that you are getting the best policy tailored to your specific needs. We know just what bipolar disorder friendly life insurance company to place you with.


By working directly with TermLife2Go you will have an assigned agent dedicated to your application.  Your agent will help you put together your application in a way that is most favorable to you, helping point out specific areas of your lifestyle that show you are well controlled and compliant. This agent will be available to you throughout the entire application process; he or she will provide you with status updates as your application goes through underwriting and will also review your application at time of approval to ensure that you are still getting the best deal out there!

So, what are you waiting for?  Give us a call today or visit our Life Insurance Policy Quotes page and see what we can do for you!