Best Life Insurance for Bipolar Disorder | Top 5 Picks With Details 2021

Bipolar disorder patients may find it difficult to obtain adequate life insurance coverage at an attractive cost. This is because bipolar disorder is considered a high-risk medical condition by life insurers. When an insurer doesn’t have expertise working with individuals who have bipolar disorder, it might be difficult to get coverage. They may not provide you with the most precise ratings and best premiums in this scenario. We understand how aggravating this can be, so we’ve put together this guide to assist you in finding the best life insurance for bipolar disorder.

Furthermore, bipolar illness is a common disorder that affects approximately 5.5 million people in the United States each year. Because it is so common in the United States, many insurance firms and brokers have worked with candidates who have the disease.

Finding one of these firms or agents is critical for anyone who has bipolar disorder. A more knowledgeable agent can assist you in obtaining the best rates, avoiding being rated for the more costly high-risk insurance, and guiding you through the process.

Best Life Insurance for Bipolar Disorder

Best Life Insurance for Bipolar Disorder

If you have bipolar disorder, you may be concerned about your ability to obtain affordable life insurance. In some situations, life insurance with bipolar disorder may not be available at the best prices, but you will not be denied coverage because of it. Because some businesses have stricter limitations than others, you’ll want to find a tolerant carrier while still offering the greatest rates. We’ve done some major work for you by comparing and gathering the best life insurance providers for bipolar illness sufferers. They are as follows:

Lincoln Financial Services

Lincoln Financial has a long history of selling insurance to high-risk customers. They’ve carved themselves a niche for applicants with high cholesterol, elderly consumers, tobacco users, and others. Applicants with bipolar disorder or anxiety issues are one of the areas where Lincoln shines too. They are not just one of the more cheap options for people with bipolar disorder, but they also provide a variety of plans.

Lincoln Life, Elements Level Term, no exam policies, permanent life insurance, and guaranteed issue plans are all available.


It is a good option for those with bipolar disorder because of its iconic emblem, “The Rock.” However, while you’ve seen their towering logo, you may not be aware of their rates for bipolar illness patients. Prudential is also a good choice for overweight people, as their weight charts are more flexible than other firms.

In addition, it is more likely to take on higher-risk life insurance clients in general than other carriers. Another distinctive feature of Prudential is their “non-smoker plus” rate class, designed for persons who are otherwise healthy yet smoke.


Hancock is one of America’s oldest life insurance businesses, having been in business for almost 150 years. And there’s a reason why they’ve lasted so long. Hancock is a dependable firm that has honed its customer service and life insurance offerings. As a result, they’ve prospered for a long time while caring for people with bipolar disorder, and experts believe they’ll continue to do so in the future. They also have some of the highest ratings from the entire insurer rating agencies.

American International Group (AIG)

AIG isn’t the fastest organization, but if you’re ready to wait, they can be a wonderful choice. AIG offers a diverse range of products at competitive rates. Instead of pushing you into a pre-planned policy, AIG believes in personalizing plans to match your bipolar disorder needs.

The flexibility of their term policy is one of their most distinguishing features. You don’t have to buy a 20-year term plan if you only want 16 years, for example. It’s your plan, and you may tailor it to your specific requirements.


Protective provides offers created for you if you want to buy insurance for your children and yourself. The “Protect My Child” lifetime policy is one of their most important plans.

You may buy this plan if your child is between the ages of 2 weeks and 17, and it will pay out up to $100,000, which will increase when they turn 18. The finest aspect for bipolar illness sufferers is that no medical examination is required.

What is the Perspective of a Life Insurance Company on Bipolar Disorder?

Best Life Insurance for Bipolar Disorder

Insurance firms may examine how your bipolar disorder affects your life when determining whether your condition is under care. For example, your condition may not be under control if you can’t work due to it. The same may be true if you’re still looking for the right drug.

On the other hand, you can argue that your disease is under control if you lead a normal life with socialization and a job. Your life insurance quotes for people with bipolar disorder must show your health’s steadiness.

It is possible to get approved for life insurance if you have bipolar disorder. While it used to be hard to find the best life insurance for bipolar disorder, the many medical therapies accessible today have significantly reduced the condition’s risk. An insurer may want to verify if you’ve ever been hospitalized for bipolar disorder and how long you’ve kept your health in check before offering your life insurance. In addition, life insurance underwriters have made significant advances in their understanding of bipolar disorder.

Underwriters can now tell the difference between people diagnosed with bipolar disorder who have it within check, those who don’t, and those who have a more serious medical ailment. Many factors are taken into account while determining the level of risk. The majority of underwriters will begin by determining your level of bipolar disorder. According to life insurance underwriters, the various levels are as follows:

Bipolar Disorder (Mild)

According to underwriters, individuals with mild bipolar disease are considered to have had no lost time off from work, no suicidal attempts or hospital admissions, are well controlled with medication, and have a great support network in place. Therefore, rates for life insurance here are “Standard.”

Bipolar Disorder (Medium)

Those with medium bipolar disorder will have missed no more than one month of work in the previous two years, no hospitalizations, and no suicide attempts. They may have a history of mood swings owing to drugs and a strong support system. You’ll be given charges based on your specific situation.

Bipolar Disorder (Severe)

Those with severe bipolar disorder will have missed a substantial amount of time at work, have a history of dangerous behavior during manic times, suicide attempts, and hospitalizations, be on many drugs and be without a support network. You’ll almost certainly be eligible for a “graded” death benefit insurance, which is more expensive than traditional coverage and requires a two-year waiting period before receiving full payments.

Applicants will also be assigned to one of two types: Type 1 or Type 2. Patients who have experienced at least one manic episode and may or may not have had depressive episodes are classified as Type 1.

Type 2 indicates that you’ve had at least one hypomanic episode, similar to a manic episode but lasts less time.

Getting the Best Rates with Bipolar Disorder

Getting the Best Rates with Bipolar Disorder

It’s vital always to be honest with your life insurance agent if you want to get the best prices with bipolar disorder. You can inform them about your ailment, all of your drugs, the frequency with which you take them, and the amounts.

You’ll get quotes that are comparable to individuals with bipolar disorder as long as your condition is kept in good shape. If you want to receive the best prices, make sure you take your meds regularly. It’s not only beneficial for your health to follow your doctor’s advice, but it’s also good for your cash.

Shopping around with multiple insurance companies is another option to save money on your policy. Many people make the error of choosing the first company that offers them a quote. Get quotations from various firms before signing a policy and starting to pay the premiums.

Almost certainly, the first business you contact will not have the best insurance prices. Let us do the major work for you instead of spending hours on the phone with several agents. Simply check out the highlight of the companies which can give you the best rates available in the preceding sections.

Frequently Asked Questions

Can I get the best life insurance for bipolar disorder?

Yes. The guidelines mentioned above will help you get the best life insurance for bipolar disorder.

Is Bipolar causing you to lose years of your life?

Yes. Bipolar disorder patients’ life expectancy is reduced by nine to twenty years on average. Having the best life insurance for the bipolar disease is, therefore, a wise decision.

Does bipolar disorder have an impact on vehicle insurance?

Yes. Anxiety, depression, ADHD, and bipolar illness are among the conditions that might cause insurance coverage to skyrocket. This is because persons with mental health issues are frequently regarded as “high risk” customers, meaning the insurer believes they are more likely to have to pay out money in the event of a claim.

Does bipolar disorder get worse with age?

Yes. If left untreated, bipolar disorder can worsen with age. In addition, as time passes, a person’s symptoms may become more severe and frequent than they initially emerged.


In conclusion, if you have been diagnosed with bipolar disease, getting life insurance may be problematic. But with our tips above, you can easily get the best life insurance for bipolar disorder.


Adam Grabois is an expert in all aspects of Insurance and Property with 20 years of experience. He is a licensed broker of all lines including property, casualty, life, and health. As a licensed adjuster, he is well-versed in all aspects of insurance, and he owns All Needs Insurance agency in Florida.

He attended Tufts University where he earned his undergraduate degree, followed by a Master's degree from Columbia University.

Adam shares his breadth of experience by helping many businesses and individuals manage risk and protect themselves financially. He now shares this with the audience of the "Pro Insurance Info" website.

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