For people who live with bipolar disorder and need life insurance, there is hope, even if you’ve been turned down previously. The important thing if you’re looking for affordable life quotes with bipolar or depression is to use an experienced independent agent who will take a thorough questionnaire from you and try to gain an extensive understanding of your particular condition. Then the agent’s job is find you the company that will give you the life insurance you need at the most affordable premium.
I have extensive experience dealing with anxiety and depression, and from a life insurance underwriter’s point of view, bipolar disorder is not too different. As an underwriter from Genworth put it, “The way I see mental disorders is that if they don’t impede a person from living a normal life, they don’t get rated.” So, essentially, whether it’s anxiety or bipolar disorder, if your condition is under control, meaning you go to work, and go out with your friends for dinner, and live a “normal” social life, you can qualify for life insurance.
Now, most of my cases have been on the mild side for anxiety/depression, with my clients taking medications like Lexapro, Zyprexa, Prozac, and Paxil, some of which are used to treat bipolar disorder. For some reason, I have lots of clients on Lexapro, and none of them have been turned down because of it. In most cases, you won’t be able to get preferred best ratings if you’re on a medication for a mental disorder, but “preferred” is possible, and standard is very doable. With bipolar disorder, it will depend on the medication and the severity, but I have heard of bipolars being approved at standard or better, and work with a general agency with extensive experience in achieving these offers.
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