Generally people with Bipolar looking for life insurance will be able to get cover and can be very close to standard rates. As with all other types of mental health related conditions, Bipolar life insurance rates will be based on the severity / frequency of your symptoms and what treatment you have received. In most applications we see for Bipolar life insurance there is usually a requirement to provide a medical or GP report for evidence of treatment. Mental health conditions can be difficult to underwrite for life insurance due to the subjective nature of symptoms so most life insurance providers will look at the facts to assess the severity of your condition and risks involved.
Bipolar life insurance terms will be based on whether you have suffered any major issues in recent years, such as:
- Suicidal attempts or thoughts
- Alcohol abuse
Underwriters will also want to know whether you have received any psychiatric treatment, counselling or been admitted to hospital to assess your application for Bipolar life insurance. You will also need to provide the details of any medication (e.g. names and dosage) and any other treatment that you are currently receiving for your condition. If your condition is more severe with more regular symptoms, recent treatment and higher levels / dosages of medication then there could be a higher rating imposed for Bipolar life insurance. If you have a history of more severe symptoms which include multiple suicidal attempts then most insurance providers may decline your application altogether.
If you have applied for Bipolar life insurance in the past and had cover accepted on special terms or been declined cover in the past then it will be worth reviewing life insurance based on your current circumstances.