Is Life Insurance For Schizophrenics Really Worth It? [2023 Guide]


Schizophrenia is a long-term, severe mental illness that can make a person unable to do anything. The illness has an impact on how people think, act, and perceive reality. It can make it hard to get along with coworkers or students, hard to talk to friends and family, and even cause more serious problems like hearing voices or having delusions.

Schizophrenia can make it challenging to take care of oneself, therefore persons who struggle with this illness need assistance in figuring out how to meet their requirements in order to keep their health.

This blog post will educate readers on the importance of life insurance for schizophrenia patients and burial insurance for elderly schizophrenia patients so that they do not look back on their lives with regret.

Burial Insurance For Schizophrenia

“Can schizophrenics purchase life insurance? Did an insurance representative inform you that a person with schizophrenia has difficulty obtaining burial or final expense insurance? …”

Someone told you that if you’re lucky enough, you can get guaranteed issue or approved but for a higher cost?…

It’s obvious… You’re talking to the WRONG insurance agent!

Call us! Every one of our seasoned burial or Final Expense Insurance Specialists have access to top-rated A+ insurance companies, getting a simplified policy type for someone who has Schizophrenia, is a piece of cake. We can get you an insurance policy that has the lowest cost with immediate insurance coverage on day 1.

Can You Get Life Insurance With Schizophrenia

Over 95% of the clients we’ve assisted felt comforted and cared for. They received the most favourable terms and had immediate insurance protection, which served to strengthen their position even more.

So why do insurance salespeople keep claiming that schizophrenia makes it difficult to obtain funeral or final expense insurance?

We will discuss why certain insurance companies have been accused of making it difficult for people with schizophrenia to obtain burial or final expense insurance, as well as how simple it is for us to assist you in obtaining the finest insurance coverage.

Above all, we have qualified health impairments approved with our carriers and we specialise in a variety of pre-existing diseases!


Best Life Insurance For Schizophrenics

Insurance Company Issues With Schizophrenia And Other Mental Illnesses

Some insurance providers think that people with schizophrenia pose a very high risk due to their propensity for mismanaging their illness.

Untreated schizophrenia patients will experience difficulty with their capacity for rational thought, which will cause aberrant behaviour resembling bipolar illness.

These will make it very difficult for those who are caring for schizophrenic patients to provide them with the care they need to live a healthy life.

In addition, applicants for life insurance with mental illness who have been prescribed high doses of antipsychotic medicine are swiftly rejected by insurance firms.

Life Insurance For People With Mental Illness


Highest payment cost with a minimum of 24 months waiting time period

Each insurance provider has various policies on this. Insurance companies may increase monthly payments by 30% to 60%. The waiting period typically lasts at least 24 months.

The term “graded time period”—the reverse of “instant insurance coverage”—is commonly used to describe the waiting period (where they pay the FULL benefit amount even if you pass away on the first day).

If you live for 24 months and then pass away, they can only pay the whole sum. If you pass away within the waiting period, they will simply reimburse all premium payments you have made with a 10% interest rate.

High Payment Cost With A PARTIAL Waiting Time Period

They will only charge 15 to 40% more in this deal. If you pass away within the first 12 months of the waiting period, you will receive a 30 to 40% reduction in the full death benefit.

Then they will pay out 70 to 80% if you pass away after 12 months but before 24 months. If you pass away after 24 months, your beneficiaries will get the full face benefit amount.


Lowest Payment Costs With NO Waiting Time Period

This entails the cheapest monthly payments while providing insurance coverage that is effective right now. At the start of your plan, you will receive the entire death benefit amount and begin making payments as if you were in excellent health.

These are typically the top-rated A+ insurance firms with schizophrenia life insurance plans that are created for people with schizophrenia or other mental conditions.

Mental Health Diagnosis And Life Insurance

Hospitalization for Schizophrenia

Simply put, some insurance companies will decline or charge you more money if you have a waiting period (as mentioned above).

These insurance providers do not offer final expense insurance plans for people who have had hospitalisation for any type of mental illness, including schizophrenia.

On the other hand, you will only be provided options from the nation’s top-rated insurance providers if you speak with high-level Final Expense Insurance Specialists, like the ones we have here at Additionally, these businesses offer the top insurance packages for mental diseases like schizophrenia.

Again, the policy they provide is the cheapest and has no waiting period.

How To Find The Best Burial Or Final Expense Insurance For Clients With Schizophrenia

How will assist you in finding the best burial insurance available.

We are an organisation made up of a group of highly regarded and skilled final expense insurance specialists that are passionate about helping people with schizophrenia or other mental diseases acquire the best possible burial insurance coverage.

With over 26 years of experience assisting insurance clients, is accredited in 49 states.

We only provide our Schizophrenia clients with the top-notch products from A+-rated insurance providers that provide cutting-edge extra features at no additional cost.

We simply need your trust and a few minutes of your time to ask you some crucial questions about your past health and your current state of any mental diseases.

Contact us right now! We guarantee you a straightforward, stress-free interview process. The best funeral insurance providers provide same-day approval!


Frequently Asked Questions

Is life insurance available to people with bipolar disorder?

It shouldn’t be hard for you to obtain life insurance if you have bipolar disorder. If you have a mental health disorder, you can also be asked whether and how long your sickness has been under control. Underwriters take these elements into account when calculating your rate and approval in addition to your hospitalisation history, treatment plan, occupational, and social functioning.

Are anxiety-related life insurance policies denied?

If your anxiety is not under control and is interfering with your capacity to function at work and in daily life, your life insurance application may be rejected. But if you adhere to your doctor’s prescription and properly handle your anxiety, you can buy life insurance. If you are otherwise healthy, you can even be eligible for some of the greatest life insurance prices, depending on the provider and its underwriting standards.

How do insurance companies know if you have a pre-existing condition?

You must sign the life insurance application before it can be evaluated for coverage. Unless you select a guaranteed issue life policy, you consent when you sign the application to the underwriters reviewing your medical information. Before making a coverage offer, the firm will still review your doctor’s records and MIB profile, even if you apply for coverage without having a medical exam.

What makes you ineligible for life insurance?

For a variety of reasons, insurers may reject life insurance applications. If you lie on your application, don’t satisfy the age or health standards, have a pre-existing condition like cancer or heart disease, or drive too much, you risk having your coverage denied. If you have a criminal past, declare bankruptcy, test positive for drug usage, or exhibit dangerous behaviour, your application for life insurance may also be rejected.


If you’re like the majority of people, the concept of being buried terrifies you. It can seem much more difficult because of the enigma and unpredictability around what will happen to your body when you pass away.

By providing financial protection in the event of a death, a burial insurance plan offers peace of mind in these unpredictable times. There are a number of plans that include all types of burials, from cremation or conventional ground burial to specialised services like green burial, where bodies are buried in biodegradable coffins that return the body to nature with little harm to soil ecosystems.

There is no reason not to have one now since there are so many possibilities! To begin, determine which type is most suitable for you.