If you’re looking for life insurance with Attention Deficit Hyperactivity Disorder (ADHD) or life insurance with Attention Deficit Disorder (ADD), this article is for you. ADHD life insurance coverage underwriters will review your medical condition to understand if you are susceptible to unhealthy habits like that would be considered a risk to the insurance company.
ADHD and ADD are similar in the point of view of insurance providers, so most of the time it is both referred to as ADHD. Some of ADD’s characteristics include inattentiveness, fidgeting, and have difficulty in organization.
These traits do not affect insurance rates. However, those with more severe cases of ADHD are more prone to addiction, alcoholism, depression and risky behaviors. These conditions can lead to much higher insurance premiums.
The best way to get your life insurance with ADD approved is to apply with insurance companies that are lenient with people with this pre-existing condition. We will help you shop for the best life insurance companies that are suited to your needs.
WHAT IS ADHD/ADD?
Attention Deficit Hyperactivity Disorder (ADHD) and Attention Deficit Disorder (ADD) are a neurological condition that affects a person’s ability to focus, pay attention, and perform tasks. ADHD can affect every area of adult life, including health, relationships, work, and finances.
WHAT ARE THE DIFFERENT TYPES OF ADHD?
ADHD Predominantly Inattentive
- Fails give close attention to details
- Has attention difficulty
- Doesn’t appear to listen
- Difficulty following instructions
- Has difficulty with organization
- Avoids tasks requiring sustained mental effort
- Gets easily distracted
- Forgetful in daily activities
- Loses things
ADHD Predominantly Hyperactive-impulsive
- Has difficulty remaining seated
- Extreme restlessness
- Acts as if driven by a motor
- Excessive talking
- Difficulty engaging in activities quietly
- Difficulty taking turns or waiting
- Blurts out the answer even before questions are finished
- The individual exhibit both inattention and hyperactive-impulsive symptoms
Here are some questions that our clients with ADHD often ask when searching for life insurance:
- Does Adderall affect life insurance?
- Does Vyvanse affect life insurance?
- Can I get life insurance with ADHD?
- Can I get life insurance with ADD?
- What is life insurance underwriting with ADHD?
- Life insurance with ADD?
- Adderal life insurance eligibility?
- Vyvanse life insurance eligibility?
SEVERITY OF SYMPTOMS
There are 3 primary diagnoses of ADHD:
Mild – Adults with primary symptoms of inattentiveness, restlessness, distractibility, and forgetfulness with minor impairment in work settings and daily functioning.
Moderate – Adults exhibit inattentiveness, emotional over-reactivity, restlessness, short mood shifts, impatience, disorganization, mild depression, difficulties with work performance or marital instability.
Severe – Adults with inattentiveness and motor hyperactivity. They may also exhibit explosive temper, alcohol or substance abuse, depression, motor vehicle accidents, arrest history, impulse buying, relationship or work difficulties. Severe symptoms may result in impairment in social or work setting.
ADHD cannot be cured but there are ways to successfully manage the condition that will enable the individuals to live healthy and successful lives.
CAN YOU GET ADHD LIFE INSURANCE?
Being diagnosed with ADHD does not mean you cannot get life insurance. In fact, getting preferred ratings are possible. Affordable life insurance companies don’t consider ADHD as an underwriting medical problem unless it can be tied to an external condition.
ADHD life insurance underwriting will determine if you have a mild case of ADHD. If you don’t have a more severe ADHD diagnosis, you will have no issue obtaining insurance eligibility when using a knowledgeable life insurance agent.
ADHD LIFE INSURANCE ELIGIBILITY
If you have a mild case of ADHD/ADD and show no signs of any abnormal behaviors, you can get the best ratings possible, like preferred or preferred plus. These ratings require a clean medical background in all other areas.
Any previous hospitalization or rehabilitation will have an adverse effect on getting top ratings.
Applicants could still receive a standard rating with the use of medication or mild history of drug or alcohol abuse. This will be a bit more expensive than preferred or preferred plus ratings.
People with ADHD have a higher risk of mental health issues and suicide. For these reasons, they may have difficulty finding life insurance or their premiums might increase compared to what their agent quoted them.
Individuals who have been hospitalized or suffering from addiction (which may be related to ADHD) could be declined.
ADHD affects people differently. Underwriters will not make decisions based on the diagnosis alone. They will evaluate different factors such as:
- Age at diagnosis
- Predominant symptoms
- Result of diagnostic evaluation
- Other mental disorder
- History of drug abuse
- Motor Vehicle Record
- Arrest history
The underwriters will also require a medical examination as of the application process. The paramedical professional will monitor the heart and blood pressure reading. They will also take blood and urine sample to be tested for nicotine and other health-related conditions.
The underwriter’s job is to determine if you are a higher potential risk of claims to the insurance company. They will rate your life insurance application appropriately to help determine your premium pricing.
INFORMATION YOU NEED TO PROVIDE TO GET ADHD LIFE INSURANCE
You will be required to submit an application for life insurance coverage and asked to provide the following information:
- Height and weight
- Health status and history
- Family health history
- Marital status
- Number of children
- Occupation and income
- Alcohol usage
- Tobacco usage
- Do you participate in risky activities like paragliding or skydiving?
ADHD LIFE INSURANCE RATINGS
Here are some ADHD life insurance ratings for those searching for ADD life insurance coverage:
Preferred Plus – People with ADHD can qualify for preferred plus if they have mild ADHD and show no other signs of mood disorder or mental illness. Insurers will also verify if there has been no previous hospitalization or alcohol or drug abuse.
Preferred – A person living with ADHD who qualifies for preferred plus can also be eligible for this rate class. This status is commonly offered to those in great health. You must be in excellent health with a mild case of ADHD.
Standard – People with mild to moderate ADHD can qualify for this rate class. There must be no case of hospitalization or drug abuse. People using ADD medication often fall into this rate class. The use of mild depression medications to control ADHD condition is allowed by some insurance companies.
Substandard – This category is saved for people with moderate to severe ADHD. A close examination of medical records usually determines this rate class. People who use strong medications to control ADHD may fall under this category.
Declines – People who have been recently hospitalized or suffering from an addiction would be declined life insurance coverage.
WHAT IF I GOT DENIED ADHD LIFE INSURANCE?
People with ADHD are only denied life insurance coverage in rare cases.
It may happen if you have severe ADHD or have been recently hospitalized, or are suffering from addiction. In most cases, people with severe ADHD are offered policies at higher rates.
There is also no medical exam policies that ask fewer health-related questions asked that may be appropriate. Premiums are a bit higher than other policies, but there are instances where it is the best way to obtain life insurance protection.
If you are denied coverage or only offered unaffordable premiums, there is still a possibility of obtaining a life insurance policy!
Speak to us about the reason why you were declined, and we will determine the best course of action to get you approved for life insurance coverage.
ADHD and ADD are some of the most common health issues we encounter. Our agents at Life Wealth Win are experienced in helping people with ADHD get insurance coverage.
We specialize in healthy to high-risk life insurance cases. We work with clients across the nation and will help you understand your ADHD health insurance coverage options.
We understand that shopping for a life insurance policy can be stressful. That’s why we are here to help you get insurance protection for you and the people you care about.
Click the FREE LIFE INSURANCE QUOTE button or call us at (888) 435-4342 to compare rates from different life insurance companies.