Because schizophrenia and bipolar disorder are two mental health conditions that are frequently misunderstood and misrepresented in our society, people with such diagnoses often feel intimidated by the prospect of applying for insurance. Life insurance, in particular, can be daunting, given the underwriting process and background checks required to get approved.
As with many types of mental illnesses, both schizophrenia and bipolar disorder are broad terms that encompass many different experiences. Indeed, many people with such diagnoses lead perfectly normal lives and are not affected by their illness at all. Others may have to deal with the occasional episode or rely on medication to keep the symptoms under control. Clearly, these cases are very different from others in which the best form of care comes from trained professionals in a live-in treatment facility.
Given this variation in experiences, it’s important to know a few things before applying for a life insurance plan. When you can work closely with your underwriter to give a full view of your diagnosis, you’ll have more control over the coverage options available to you.
We want to help that process run as smoothly as possible. Here’s a detailed guide on what you can expect when applying for a life insurance plan.