Securing affordable Bipolar disorder burial insurance has come a long way in the last decade. Life insurance companies now have a better understanding of people with Bipolar disorder, compared to what they believed not so long ago.
Today, it is entirely possible to purchase burial insurance from many different companies, if you have Bipolar disorder. Even if you’re denied life insurance due to depression or manic episodes in the past.
In fact, we work with clients who have Bipolar disorder, and we can confidently say that they receive favorable offers…especially those who don’t have any medical issues.
FOR EASIER NAVIGATION:
CAN I GET BURIAL INSURANCE WITH BIPOLAR DISORDER?
If someone told you that your Bipolar disorder would prevent you from qualifying for burial insurance, don’t believe them. The truth is many insurance companies welcome people with Bipolar disorder with open arms. Most burial insurance companies are welcoming to clients with this condition.
We can help you get the lowest cost burial and funeral insurance that protects you immediately!
If you have Bipolar disorder, there are two options open for you.
Simplified Issue (Level Coverage) – You probably want to be covered as soon as possible and pay the least on your coverage right? Of course, you do. Everyone does. To achieve that, you must apply for burial insurance that asks some medical questions and has some underwriting (the insurance company reviews your online prescription and medical records).
You bypass the medical exam with a simplified issue policy.
The bipolar disorder life insurance underwriting process only consists of some health questions and a prescription history check. This information will enable the insurance company to verify your burial insurance eligibility for immediate protection.
Graded Coverage (Guaranteed issue) if you don’t want to take a medical exam or answer a few health questions because of other health issues, this is the way to go. If you are currently between the ages of 40-85, you are a US citizen; you will be accepted!
But before you get too excited…
It is essential to understand that guaranteed life insurance policies come with a graded death benefit. This means your beneficiary will not receive your full death benefit if you die during the two-year waiting period (unless you die accidentally). They will only receive the return of premium plus 10% interest.
You will always qualify for a guaranteed issue policy, but why would you ever want this policy when you can be eligible for first-day level death benefit coverage?
If you have Bipolar disorder, we can quickly get you approved for a level death benefit. You will pay a lower premium, and you will be fully protected from day one.
Never purchase a policy you have seen on TV or in magazines if you have Bipolar disorder. You’ll pay more and have to wait two years for your coverage to start.
WHAT WILL THE INSURANCE COMPANIES ASK ME ABOUT MY BIPOLAR DISORDER?
You will hardly find any burial insurance health questionnaires that ask about Bipolar, manic depression, mania or depression. You will only waste your time looking for burial insurance that asks about Bipolar disorder. These carriers will not ask about Bipolar disorder in any way.
Since most insurance carriers don’t ask about Bipolar disorder, it means they are perfectly fine with it. They are accepting of this health condition they don’t ask about.
WILL I BE REQUIRED TO TAKE A MEDICAL EXAM?
Your burial insurance policy will not require a medical exam, blood draw, or urine sample. Because life insurance with depression or bipolar disorder is a simplified issue, all you need to do is answer some health questions.
The medical exam is bypassed as well as the lengthy underwriting process. You’ll get the official approval from the insurance company within minutes to a few days!
WHAT MEDICATIONS DO THE INSURANCE COMPANIES LOOK FOR WITH BIPOLAR DISORDER?
Most people take medication to better cope and function with Bipolar disorder.
Here’s a list of Bipolar disorder medications that insurance companies are on the lookout for. These prescription medications indicate to the insurance company that you may have bipolar disorder:
- Alprazolam (Xanax)
- Ariprazole (Abilify)
- Asenapine (Saphris)
- Carbamazepine (Tegretol)
- Cariprazine (Vraylar)
- Clonazepam (Klonopin)
- Clozapine (Clozaril)
- Diazepam (Valium)
- Divalproex sodium (Depakote)
- Haloperidol (Haldol)
- Lamotrigine (Lamictal)
- Lithium (Lithobid)
- Lorazepam (Ativan)
- Loxapine (Loxitane)
- Olanzapine (Zyprexa)
- Quetiapine (Seroquel)
- Risperidone (Risperdal)
- Topiramate (Topamax)
- Valproic Acid (Depakene)
- Ziprasidone (Geodon)
Various types of Bipolar disorder patients take these medications.
Most burial insurance companies do not care whether you have:
Bipolar 1 Disorder – characterized by one or more manic episodes that last at least seven days. Bipolar 1 disorder is marked by extreme manic episodes that the person needs immediate hospital care. Typically patients will experience periods of depression at the same time.
Bipolar 2 Disorder – this is a milder form of mood elevation where one or more major depressive episodes that alternate with episodes of hypomania. Hypomanic episodes are not as high as those with Bipolar 1 disorder.
Cyclothymic Disorder – this is a milder form of Bipolar disorder characterized by hypomanic symptoms alternating with brief periods of depression that last for at least two years.
Rapid cycling – four or more mood episodes happens within a 12-month period. Some people experience high to low or vice-versa within a single week or even within a single day.
Whatever type of Bipolar disorder you have, you can get affordable burial insurance coverage that you and your loved ones deserve. We have carriers that will provide first-day coverage for those living with Bipolar disorder.
WILL MY MEDICATIONS MAKE ME INELIGIBLE FOR BIPOLAR DISORDER LIFE INSURANCE?
There are many effective bipolar medications on the market right now. If you are taking one or more of these medications to keep your bipolar under control, it won’t make any difference. Burial insurance companies are fine with these medications and there won’t be any problem.
Your application will be approved as long as you have no other serious medical condition.
Many of our clients are taking medications like Depakene and Zyprexa to treat their Bipolar disorder. For some reason, we have lots of clients on Lithium, and none of them have been turned down because of it.
You will only have issues with these medications if you choose the wrong company that is not Bipolar disorder friendly. A great example is Mutual of Omaha. They won’t approve a policy if you have been diagnosed or treated for bipolar in the last 4 years. Other companies don’t even ask this question.
Don’t worry; we have many insurance carriers that will welcome you with open arms with your health condition.
WHAT OPTIONS WILL THE INSURANCE COMPANY OFFER ME?
They will treat you as if you don’t even have this medical condition. Many companies would care less about Bipolar disorder. For these carriers, they view you the same as an applicant with no health issues. These companies will allow you to secure immediate coverage with low rates.
The insurance companies will do one of the following if you have Bipolar or other health problems:
They will decline you. If you go with the wrong company that is not Bipolar friendly, your burial insurance application will be instantly declined.
They will issue a policy with a waiting period. Every company is different; they may grant you a policy but may impose a two-year waiting period. Basically, this means the insurance company will not pay out full death benefits on your policy if you were to die during the first two years. Your beneficiary will only receive a refund of all your premiums paid plus 10% interest.
They will charge you more money for your policy. Some companies may charge you an extra 30%, and some may even cost you 60% more when they learned you have Bipolar disorder.
First-day coverage with the best rates. It is the most popular result if you work with an independent insurance agency. You will qualify for burial insurance coverage with immediate coverage, and you will be offered the lowest premium.
BENEFITS OF BURIAL INSURANCE
There are many benefits of owning a burial life insurance policy:
- Ease of issue –Easy to qualify and get insurance coverage. No medical exam needed, you are only required to answer a few health questions.
- Level premium – Your premium will never increase. It is lock into a rate at your current age, and the price will never go up regardless of advancing age or medical conditions.
- Fixed death benefit – Your death benefit is fixed and guaranteed to never decrease for any reason.
- Tax-free – The death benefit payout is paid to the beneficiary tax-free
- Not cancelable – Your policy can never be canceled by the life insurance company as long as premium payments are made on time.
- You can get a much smaller amount of coverage – Burial insurance can range from $1,000 to $50,000
- Cash value builds up – Burial insurance is whole life policies that build cash value over time.
- Peace of mind – Knowing that your burial expenses won’t be a financial burden to your loved ones when you die is comforting.
HOW TO GET THE BEST BURIAL INSURANCE RATES WITH BIPOLAR DISORDER?
If you’re looking to get the best rates possible with Bipolar disorder, it is essential to manage your condition by taking your medication as prescribed. Following your doctor’s orders is not only good for your health, but it’s good for your wallet as well!
Bipolar disorder can cause you emotional strain and stress which can lead you to smoke to find relief. You must be aware that smoking is not only terrible for your lungs but can also rob your wallet when it comes to life insurance premiums for smokers.
Getting a smoker life insurance rate is going to double or even triple your monthly premiums.
One of the great things you can do to save money and lower your rates is to kick your bad habit of smoking before you apply for burial insurance. Quit smoking and you will enjoy a lower monthly premium and savings.
Another way to get the best burial insurance rate is to let us shop around with different companies.
It’s going to be a mistake for you to go with the first company that offers you a quote from other companies. More than likely, the first company will not provide the lowest insurance rates. Before you sign a policy and start paying the premiums, get Bipolar disorder quotes from multiple companies.
HOW CAN WE HELP YOU?
Instead of wasting hours talking to different agents answering the same questions over and over again, let us do the work for you to find affordable bipolar final expense insurance. Fill out the instant QUOTE form on this page, and we will give you the best rates available for Bipolar disorder.
Funeral Funds is an independent insurance agency that can shop your application to many companies available. This way you can be sure that you are going to get the best carrier that favors Bipolar disorder.
We work with the top-rated life insurance companies in the United States, many of which offer immediate coverage with the lowest rates. We work with clients with Bipolar regularly; we have the experience of helping people with Bipolar disorder find the best burial insurance policy at affordable rates.
If you need help finding Bipolar disorder burial insurance, please don’t hesitate to contact us at (888)862-9456.