Jeffrey Manola is an experienced life insurance agent and the founder of Top Quote Life Insurance. His mission when he created Top Quote Life Insurance was to provide online consumers searching for life insurance with the absolute best quotes for term life insurance, permanent life insurance, no medical exam life insurance, and burial insurance. Not only does he strive to provide you with the ...

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Written by Jeffrey Manola
Founder & Licensed Agent Jeffrey Manola

Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years Leslie Kasperowicz

UPDATED: Jun 30, 2022

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It’s all about you. We want to help you make the right life insurance coverage choices.

Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.

Facts You Should Know

  • For people with bipolar disorder, life insurance rates can be expensive.
  • If you’re denied coverage, you can still find coverage under a guaranteed issue or no medical exam policy.
  • Maintaining a consistent treatment plan for your mental illness will help you save on your rate.

Finding the best type of policy is vital for ensuring your family is taken care of after you’re gone. But for those living with mental illness, finding affordable life insurance can be tough. For people with bipolar disorder, life insurance rates can be expensive.

In most cases, if you’re honest and open with your life insurance company about your bipolar disorder, you should still be offered an affordable rate.

However, you should always compare life insurance quotes for people with bipolar disorder from multiple companies.

Keep reading below to learn how bipolar disorder impacts life insurance, what to do if you’re denied coverage, and how to save.

But before you do, enter your ZIP code into our free comparison tool above to find affordable life insurance rates for people with bipolar disorder.

How does bipolar disorder impact life insurance?

When looking at life insurance for bipolar disorder or life insurance for mental illness, you may notice that it’s harder to get approved and rates are higher.

This is because when you apply for life insurance, your physical and mental health will need to be evaluated before you’re offered a policy. As such your bipolar disorder diagnosis and treatment history will factor into determining your rate.

The life insurance company will want to see consistent treatment for your mental illness and no history of self-harm before approving your policy. They also may want to see a steady employment history as this is a good sign of stability.

Sadly, underwriters must consider this as according to Psychology Today, “there is a 20% lifetime risk of suicide in people with bipolar disorder, and that risk increases with age, especially if the person goes untreated for the disorder.”

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What do I do if I’m denied life insurance due to depression?

If you’ve been denied life insurance due to depression or have life insurance with a mental health exclusion, you may think you won’t be able to get life insurance at all. This is not true.

If your life insurance provider won’t cover you because of your mental illness, you may still be able to find coverage with guaranteed issue life insurance or life insurance with no medical exam.

As the name suggests, guaranteed issue life insurance or no medical exam life insurance means you cannot be denied coverage. You may still be asked some questions about your physical and mental health, but you will still be offered a policy.

Guaranteed issue life insurance policies and no medical exam policies are often more expensive, but the coverage is indispensable. Compare life insurance rates for people with bipolar disorder from multiple companies to find the best deal.

How can I save on life insurance rates for people with bipolar disorder?

For people with bipolar disorder, life insurance rates will always be more expensive. However, that doesn’t mean there aren’t ways to reduce your rate.

The best way for people with bipolar disorder to reduce their life insurance rates is to stay healthy and avoid dangerous activities. Cutting out smoking, excessive drinking, and dangerous sports like rock climbing can help lower your rate.

Most importantly, sticking to a consistent treatment plan for your bipolar disorder will help you get approved and get a lower rate. Life insurance rates for people with bipolar disorder don’t have to be astronomical.

Now that you know about life insurance for people with bipolar disorder, start shopping now. Enter your ZIP code into our free comparison tool below to buy life insurance for people with bipolar disorder today.