Can I Get Life Insurance If I Have ADHD? | Quotacy’s Health Check


Hey everyone we’re Jeanna and Natasha from Quotacy an online life insurance agency where you can get life insurance on your terms. At Quotacy, our goal is simple: to make it easy for everyone to buy life insurance to protect their loved ones. Today we’re talking about ADHD and the impact it has on the life insurance buying process. The good news is just because you have been diagnosed with ADHD doesn’t mean you’ll automatically be declined for life insurance. Attention deficit hyperactivity disorder, known as ADHD and formerly as ADD, is the most common neurobehavioral disorder of childhood and can carry into adulthood. Here at Quotacy our agents have successfully worked with applicants with ADHD getting them life insurance coverage. Because ADHD affects individuals quite differently, life insurance companies will not make a snap decision based on the ADHD diagnosis alone. They evaluate a number of factors. When you apply for life insurance, the insurance company will review the information you provided on your application, your medical records, and they will want to know if your diagnosis has affected your job performance. They want to know these things so they can determine what kind of risk you are for them to ensure. The cost of your life insurance policy will be based on this risk class they offer you and each life insurance company evaluates ADHD a little differently. If you’re wondering how much life insurance would cost know that online life insurance quoting tools alone can’t give you 100% accurate information because with an ADHD diagnosis there are just too many variables for a computer to calculate. To find out if you can get approved for life insurance and what it would cost, you’ll need to apply. To make sure you’re getting the best price possible work with an independent broker like Quotacy. We’re not tied to one insurance company and can shop the market to find the best policy that fits your needs and budget. When you apply online for life insurance through Quotacy and you check Yes for ADHD it will be helpful to both you and your agent to provide additional information about the diagnosis, such as the date you were diagnosed, how it’s being treated, and any medications you may be taking. By answering these questions honestly and with as much detail as possible your dedicated Quotacy agent will be able to set realistic expectations up front regarding the cost of life insurance. Your ADHD condition will affect the price of your life insurance, however, know that your Quotacy agent will work hard to match you with the insurance company that will offer you the best risk class. Here’s an example of a client that recently came to us looking for a term life insurance policy. John Smith is a 33 year old non-smoker. He’s of average weight and height and is otherwise healthy except that he was diagnosed with ADHD as a child and is prescribed medication to treat it. The ADHD is well-managed and it does not negatively affect his work performance. When John sent in his online application through Quotacy his agent noted the ADHD diagnosis and anonymously shopped his case across multiple life insurance companies to find him the best outcome. The insurance companies came back with risk class offerings varying from the best possible, which is called Preferred Plus, to Standard, which is average. The risk class offer is what determines the premium amount. This table shows the potential cost of John’s policy based on the risk class offered to him. It’s important to note that every case is different. If you have ADHD, don’t assume John’s outcome will be your outcome. ADHD is very case-by-case basis. For example, if anxiety or depression is also a factor with the ADHD diagnosis the insurance carriers are going to be more conservative with their offers. At Quotacy, your agent will anonymously shop the details of your case with all the top-rated life insurance companies we work with to match you with the company that will give you the best offer. As we mentioned before, everyone’s situation is unique. To determine how much life insurance will cost you simply apply through our website and we will work with you to find the best policy option. When you apply through Quotacy this is how it works: First, choose a policy and complete your online application. Then your dedicated Quotacy agent will introduce themselves and, if needed, ask a few follow-up questions about your ADHD via email. This is to make sure we have a clear understanding of your unique situation so we can set realistic expectations up front. It’s important to mention that we’re on your side so the more we know, the better we can assist you. From there, your agent will anonymously send the details you’ve provided to our top-rated insurance companies to find out which one will be the best match. This is what we call shopping your case. If a different insurance company other than the one you chose online is going to give you a better price, your agent will present you with some options. The choice to either stay with your original pick or switch is 100% up to you. We just want to be completely transparent about your options. Whatever you decide, your agent is your advocate and will keep you updated every step of the way through the process. If there is a website out there showing you a cheaper price than what your Quotacy agent can find that other website is likely only showing you a best-case scenario price and not factoring in your ADHD condition properly. There are no coupons or promo codes when it comes to life insurance. It’s all very tightly regulated. So to find out how much life insurance would cost you head on over to Quotacy.com, run a quote, and apply right online. It takes less than five minutes and there is no obligation to buy. If you aren’t satisfied with the insurance policy Quotacy finds you, you can walk away. There’s no cost to apply for life insurance, no fee to cancel the process, and no hard feelings. If you want more in-depth information about how ADHD affects life insurance pricing check out the blog link in the description below. To get your price we also included a link to our quoting tool. Thanks for watching. Bye! Thanks for sticking around. We’d appreciate it if you Liked the video and hit that fancy little Subscribe button to see us every week. Bye!

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