In years past, bipolar disorder was not as understood and well-managed as it is today. Pairing this knowledge with the life insurance market, it was common for people to have issues obtaining life insurance policies, not just based on a bipolar disorder diagnosis but many other preexisting conditions. Of course some companies are more lenient than others, and as the world becomes more educated about certain conditions, the environment surrounding them begins to change. Therefore, if you’re sitting there believing the notion that you cannot secure a life insurance policy based on your being diagnosed as bipolar, think again. There is a way!
Certainly there are some heavy restrictions people are used to hearing about when it comes to life insurance for bipolar people and policy availability concerning people with mental health issues. There are many company executives speaking up about the lack of other companies in the past and even the present that actually make an effort to make it easy on those afflicted with bipolar disorder to obtain a policy. In fact, there are over 5 million people in the country who are bipolar. So are they to be denied a chance at life insurance?
Another way to look at 5 million people in the US is by stating that almost 2 percent of the entire nation has this disorder. Therefore, the smart life insurance companies are finding ways to provide them with life insurance, which is of course the sensible thing to do.
Getting a Bipolar Life Insurance Policy
If you have bipolar disorder and are looking for a life insurance policy, you definitely want to ensure you’re receiving adequate care. The care you’re receiving as well as the severity of your disorder is going to dictate how easy it is for you to obtain a policy. Remember there are two types of this disorder as well, which has everything to do with all the specific with underwriting your policy.