Can You Get Life Insurance With Mental Illness? 
Getting life insurance with mental illness is a very broad category and the premiums can range from the top Preferred category -LRB- for mild depression -RRB- to being uninsurable -LRB- for a younger adult who is institutionalized due to mental illness , upon which there are no guaranteed issue options that I am aware of due to age -RRB- . A simple rule of thumb for medically underwritten life insurance for mental illness of any type is , can the person with mental illness hold down a steady full time job . If the mental illness is so well controlled by medication or therapy as to make that possible , or there is no need of treatment in order to live a normal life , then usually that person can obtain a medically underwritten life insurance policy . If someone is on Disability for the express purpose of mental illness , simplified and guaranteed issue plans are available . Of course , other factors come into play in deciding what type of policy the person with mental illness can get , and finding his/her best price . There include whether there has been a hospitalization for mental illness , suicidal thoughts or attempt , multiple medications needed for one diagnosis , etc. . But the vast majority of persons with mental illness can get life insurance . 