Life Insurance

Bipolar Life Insurance terms and rates are dependent on several key variable factors which will be assessed by underwriters based on your application, such as:

  1. Date of diagnosis
  2. Any suicidal attempts or thoughts
  3. Medication / Treatment
  4. Hospital admissions
  5. Other symptoms (e.g. Self-harm, alcohol abuse etc.)

Individuals with Bipolar disorder seeking life insurance can typically obtain coverage at rates that are close to standard. Bipolar life insurance rates are determined by the severity and frequency of symptoms, as well as the treatment received, like with other mental health conditions.

In many cases where Bipolar life insurance is needed, a medical or GP report is usually required to show evidence of treatment. Evaluating mental health conditions for life insurance can be challenging because symptoms are subjective, so insurers will gather facts to determine the severity of your condition and associated risks.

Critical Illness

The terms for Bipolar critical illness cover can range from a slight premium increase for mild conditions with minimal symptoms to being declined for severe symptoms such as multiple suicidal attempts, hospitalization, or psychiatric treatment. Based on our experience with Bipolar critical illness cover, we often secure coverage with adjustments like premium loading or exclusions related to mental health or suicide.

Critical illness cover, like life insurance for Bipolar, is determined by factors such as diagnosis, treatment, medication, and symptoms. Underwriting for bipolar critical illness cover is typically more stringent than for life insurance because of the increased risks associated with related conditions and complications.

If you have previously applied for Bipolar Critical Illness Cover and had specific terms accepted or were denied coverage, it may be beneficial to reassess to determine if there are opportunities to enhance your current policy or obtain coverage now.

Income Protection

Obtaining Bipolar Income Protection cover can be challenging in many cases, and unfortunately, acceptance of cover is often not possible. In certain cases, Bipolar income protection may be approved for individuals with Type 2 Bipolar disorder exhibiting milder symptoms. Detailed information about your condition, symptoms, and medication/treatment is required for all applications for Bipolar income protection.

In most cases where Bipolar income protection is approved, there will likely be an exclusion for mental health issues and potentially some premium increases.

If you have previously applied for Bipolar income protection and received special terms or had your coverage declined, it might be beneficial to reassess your current situation to check if you can now be offered coverage or if the terms have changed.