Bipolar Life Insurance… What you need to know today! For one thing, being diagnosed with bipolar disorder, how can you secure a final expense insurance plan with the lowest rates and with immediate insurance coverage?
Final Expense Insurance For Bipolar Disorder
Bipolar disorder pre-existing conditions can be confusing to you when you are shopping for the best final expense insurance. You will have a ton of questions. The main question that we face daily is, Is bipolar disorder a pre-existing condition? Above all, we are very happy to tell you that getting low-cost burial or final expense insurance after being diagnosed with bipolar disorder will be easy.
Is bipolar disorder a pre-existing condition? YES! In fact, it is a qualified health impairment that we specialize in.
In addition, being diagnosed as bipolar may have some major life-changing impacts… It is a pre-existing medical condition in the eyes of the carrier.
Can you get life insurance with mental illness? Yes, Absolutely! Moreover, read on and you will shortly learn that being manic depressive will have very little to none effect on the qualities of coverage you will be offered.
Insurance Companies And Bipolar Disorder
Can I get burial insurance for my parents with bipolar disorder? That is a great question! Yes, you most certainly can achieve this goal. In fact, most of our client’s adult children call us on a daily basis to help their parents with this goal!
In general, insurance companies will readily offer the lowest rates with immediate insurance coverage to an applicant with bipolar disorder. It’s not common for insurance companies to look closely at bipolar applicants or any other mental health consumers.
Bipolar Disorder Underwriting Process
The truth about bipolar disorder life insurance underwriting… What you need to know Today!
All in all, the lowest rates with immediate insurance coverage from day 1 are called “simplified”, “preferred” or “level” depending on the insurance company.
With this in mind, In order for you to qualify for a simplified insurance plan, you need to apply for burial or final expense insurance with simplified underwriting.
Likewise, other health illnesses for underwriting, there will be 2 aspects that insurance companies will take into account for assessment.
- Health questions
- Prescription history assessment
Also, your health and history of prescription will be examined if you have any other health conditions, when you had it, if you were treated or how long you’ve had it.
Another key point is it’s important to know that being bipolar will result in having a mental disorder similar to schizophrenia, PTSD and/or Dep[ression/anxiety.
Can You Get Life Insurance If You Have Bipolar Disorder
Underwriting Health Questions
To point out, insurance companies do not really watch out for bipolar disorder mental health problems. The questions from insurance companies underwriting will not mention words closely similar to mania, bipolar, manic depression, etc.
In other words, if an insurance company does not specifically ask a health illness, it means they are not strict about it and they will have no problem issuing final expense insurance at low cost with immediate insurance coverage.
Therefore, if your insurance agent is saying that he might have some problem finding a good insurance company for bipolar disorder, it’s time to move on and find another agent.
By the same token, a final expense insurance company that directly ask about bipolar disorder is unheard of. Most likely, the health questions will ask about other health conditions that you may have.
Underwriting Prescription Assessment
Can you get life insurance with mental illness? For the most part, other health illnesses for underwriting, insurance companies will assess your prescription history for cross reference and discover if you have any other underlying health illnesses they are not ok about.
Do Antidepressants Affect Life Insurance Premiums
To explain, common bipolar disorder medications include mood stabilizers, antipsychotics, antidepressants, and anti-anxiety medications- and insurance companies will have no issues with these medications at all.
Here are the common medications that bipolar disorder patients are taking:
- Aripiprazole (Abilify)
- Asenapine (Saphris)
- Carbamazepine (Tegretol, Equetro, Others)
- Divalproex Sodium (Depakote)
- Lamotrigine (Lamictal)
- Lithium (Lithobid)
- Lurasidone (Latuda)
- Olanzapine (Zyprexa)
- Quetiapine (Seroquel)
- Risperidone (Risperdal)
- Valproic Acid (Depakene)
- Ziprasidone (Geodon)
Now, if you’re taking antipsychotics or antidepressants or in combination, other insurance companies may raise more questions about why you were prescribed to take these medications.
Other insurance companies will ask the following:
- Did you had or have any suicidal thoughts or attempts? If so, when?
- Have you ever harmed your self or attempted to? If so, when?
If you’re asked with these questions, then you might have applied to an insurance company that wouldn’t view your health condition the best.
Best Life Insurance For Bipolar Disorder
Types Of Bipolar Disorder
According to the Diagnostic and Statistical Manual of Mental Disorders, these are the types of bipolar disorder.
- Bipolar 1 Disorder: This involves one or more manic episodes of serious mood swings from mania to depression. This could trigger psychotic episodes that can lead to injuries and hospitalizations.
- Bipolar 2 Disorder: This is a milder form of mood swing episodes, where there are at least 1 depressive or hypomania that shifts in between severe depression episodes that lasted for 4 or more days.
- Cyclothymic disorder: This is where there are brief episodes of hypomania alternating with brief periods of depression symptoms that is not long-lasting as observed in full hypomanic episodes or episodes of full depression.
- “Mixed Features” This is where the occurrence of coinciding symptoms of opposite mood polarities during depressive, manic, or hypomanic episodes. Common symptoms are high energy, racing thoughts, sleeplessness and at the same time despair, irritability, hopelessness and suicidalness.
As shown above, our top-rated A+ insurance companies, it won’t matter which type of Bipolar disorder.
For instance, you will basically be offered a Simplified or the lowest rates with immediate insurance coverage if you don’t have any other serious illnesses.
Effects Of Hospitalizations In Bipolar Disorder
It’s important to realize, that any severe bipolar episode that led to hospitalization will have very little to no effect at all on your final expense insurance offers.
The only top-rated A+ insurance company will not even take into factor if a bipolar applicant was hospitalized.
For one thing, if you were asked if you were hospitalized because of a bipolar disorder episode it will not matter.
Therefore, with us, we will only get you offers from top-rated insurance companies.
How To Find The Best Burial Or Final Expense Insurance For Clients With Bipolar Disorder.
Aside from serious illnesses that you might have, the only issue that you might face when you have bipolar disorder when applying for a final expense insurance plan is that you were offered policies that are expensive and have waiting periods. Furthermore, this means you have the wrong insurance agent.
How we here at InsuranceForBurial.com can help you find the best final expense insurance possible for bipolar disorder.
We are formed by a team of highly accomplished final expense insurance specialists that has a passion to find the best possible burial insurance policy to anyone who has Bipolar disorder or other mental illnesses. We have over 26 years of experience helping insurance clients and are licensed in 49 states.
Life Insurance Policies For People With Bipolar
We will only contact top-rated A+ insurance companies that have no problem with Bipolar disorder and will view your health the best.
What we only need from you is your trust and a little bit of your time on the phone to ask you important details about your health and your current situation with any mental illnesses.
Talk to us now! We promise you a simple no non-sense interview process with no pressure.
For more information on mental illness, CLICK HERE.