If you have a diagnosis of schizophrenia or bipolar disorder, acquiring life insurance may be difficult, frustrating, or daunting at the very least. Many people living with these conditions have reported being declined by life insurance companies or being charged excessive rates for minimal coverage. While it’s true that the process is not an easy one, it is not impossible.
Much depends on the seriousness or severity of your condition and the success of treatment methods. For example, whether you are on medication or going to therapy. Even if these conditions have a huge impact on your daily life, you may qualify for standard life insurance policies. As a last resort, there are guaranteed issue polices that may suit your needs.