Life Insurance Coverage With Bipolar Disorder
Years ago, there was a widely held belief that people with bipolar disorder could not get life insurance. Following advancements in drug treatments, in addition to a greater understanding of the disorder and how to treat it, it is now very possible for a person with bipolar to get life insurance coverage. Bipolar disorder can be devastating to those who have it and their loved ones. It is sometimes called manic depressive illness. Today there are companies that will provide life insurance for people with bipolar disorder.
Some Life Insurance Companies Will Provide Coverage for Bipolar Disorder
If you are a senior and seeking life insurance coverage while you have Bipolar Disorder we can help. Some life insurance companies may not provide coverage if you have Bipolar Disorder, due to their underwriting risk assessment. However our A+ Rated life insurance carriers will provide you with low cost life insurance coverage if you have Bipolar Disorder. Fill out our Contact Form to request life insurance coverage if you have Bipolar Disorder or other medical issues.
Can I Get Life Insurance With Bipolar Disorder?
It can be difficult for people diagnosed with bipolar disorder to buy life insurance but not impossible – depending on where you look. People with bipolar illness can qualify for life insurance coverage, you just need to apply to the right insurance company. When it comes to buying life insurance, an application’s approval will hinge on the type and severity of the disorder, and how well it’s being controlled. 6 percent of the population, according to the National Institute of Mental Health, and at least half of cases begin before age 25.
Because of heightened risk of associated with bipolar disorder it falls outside of most insurers’ risk assessment. Because people who suffer from it have a high suicide risk rate. Suicide occurs in 10 to 15 percent of individuals with bipolar I disorder. According to the DSM-IV, a manual published by the American Psychiatric Association Bipolar disorder affects 5. 7 million American adults annually.
Some symptoms associated with Bipolar Disorder:
- Dramatic mood swings
- Feeling overly high and/or irritable
- Then sad and hopeless then back again
- Often with periods of normal mood in between
- Severe changes in energy
- Severe changes in behavior
- Episodes of mania and depression
- Feelings of worthless
- Difficulty in relationships
- Inability to carry out day-to-day tasks
- People may suffer for years before properly diagnosed
Characteristics Of Bipolar 1
People with bipolar I typically have a manic episode lasting at least one week that is often accompanied by psychosis, where reality is distorted. Inflated self-esteem, grandiosity, racing thoughts, shopping sprees, lack of sleep and sexual indiscretions are common A person in a manic stage is in an abnormally heightened state, which can lead to a spectrum of risky behaviors. Mixed episodes of mania and depression generally characterize bipolar I. They may have to be hospitalized in order to avoid hurting themselves and those around them.
Characteristics Of Bipolar 2
Bipolar 2 does not disrupt normal life functions or require people to be hospitalized and its victims do not become psychotic. Being psychotic includes recurring episodes of hypomania and depression. Bipolar 2 is the most common form of bipolar condition. Although a person with bipolar 2 can have a major depressive episode, hypomania in bipolar 2 does not have the psychotic component found in bipolar I or manic depression.