Depending on the company and the plan you may be able to get a policy. Insurance companies look at the medications you are on, how long you have had the problem, have you been hospitalized?, Any history of suicide attempts and are there any other health issues? A good independent agent will look at these factors to determine the best course to take. He (or She) may want to try a fully underwritten plan. He can call the company and get a pre-approval before writing the policy. You may need to go with a simplified issue plan. If there are serious health problems going on, the agent can always go with a guaranteed issue plan. In either case, you are not going to get the kind of rates available for a perfectly healthy person. But yes, you can get insurance
Agent Owner, Gilmore Insurance Services, Marysville, Washington State
Can a person get life insurance if they are Bipolar? Yes, they can. The question becomes at what price and what face amount? Someone with Bipolar disorder is going to be underwritten on an individual basis as there is a range, rather than a specific point with Bipolar illness.
Yes, most people can get some sort of life insurance while having bipolar disorder, be it a fully medically underwritten policy that requires exam and medical records, or graded policy that does not require any exam or medical records, or something in between.
The number one consideration as to whether you can get a medically underwritten policy will be if you are on Disability specifically for your bipolar disorder. If so, then the No Exam route is the way to go.
If you are able to work full time and lead a stable life in spite of having bipolar disorder, and your treatment has been successful and consistent for over a year, you should be able to get a medically underwritten policy that pays 100% of the death benefit from day one, and at fairly reasonable rates.
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The number one consideration as to whether you can get a medically underwritten policy will be if you are on Disability specifically for your bipolar disorder. If so, then the No Exam route is the way to go.
If you are able to work full time and lead a stable life in spite of having bipolar disorder, and your treatment has been successful and consistent for over a year, you should be able to get a medically underwritten policy that pays 100% of the death benefit from day one, and at fairly reasonable rates.