How does ADHD affect life insurance rates?

How ADHD affects life insurance rates depends on many factors like your age and health, but having ADHD should not disqualify you from life insurance coverage. You can get affordable life insurance rates with ADHD, starting at $11/month or $132/year, when you comparison shop online. Start now with our free online quote comparison tool below.

Ready to compare quick life insurance quotes?

Your life insurance quotes are always free.

 Secured with SHA-256 Encryption

Schimri Yoyo is a financial advisor with active life and health insurance licenses in seven states. Born in Haiti. Reared in Brockton, MA. Matured in Philadelphia. Schimri is a proud graduate of Arcadia University, having earned both a Masters in Special Education and an MFA in Creative Writing from the castle-riddled campus in Glenside, PA. By personality and by profession, Schimri is an educator...

Full Bio →

Written by

UPDATED: Oct 15, 2020

Advertiser Disclosure

It’s all about you. We want to help you make the right life insurance coverage choices.

Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We partner with top life insurance providers. This doesn’t influence our content. Our opinions are our own.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.

Buying life insurance can be a confusing and frustrating process. The process may feel more extreme if you have a disorder, such as attention deficit hyperactivity disorder (ADHD). Finding life insurance with ADHD can be a challenge. Many individuals wonder: How does ADHD affect life insurance rates?

ADHD doesn’t have a direct relationship with a higher mortality rate, so ADHD alone does not directly increase life insurance rates.

This article will be especially helpful if you are asking yourself questions like will ADHD affect my life insurance rates? Is ADHD a mental disorder? Does ADHD affect car insurance?? What factors will affect my rates? Do I need a medical exam? If you are not sure if you need insurance then our life insurance planning tool will help you decide.

It’s important to compare companies to get the best coverage and premiums when you want to know how does ADHD affect life insurance rates. Don’t wait — click on our FREE life insurance quote tool above.

Table of Contents

Top Life Insurance Companies For ADHD

Every year, the prevalence of ADHD has increased in both males and females. Around 45 percent of women who have been diagnosed with ADHD also meet the criteria for another disorder. But the good news is that there are hundreds of life insurance companies and multiple high-ranking companies who will provide adults with ADHD with affordable coverage.

Top Five Life Insurance Companies by Market Share (NAIC)
CompaniesMarket Share 2018Premiums Written 2018Market Share 2017Premiums Written 2017Market Share 2016Premiums Written 2016
Northwestern Mutual8.2%$10,547,4698.2%$10,488,2148.1%$10,100,910
Lincoln Financial 5.8%$7,467,8695.3%$6,804,9635%$6,205,251
New York Life 5.7%$7,331,0155.8%$7,416,4515.6%$6,923,144
MassMutual 4.8%$6,171,2134.5%$5,741,4524.2%$5,178,666
Prudential Financial4.5%$5,806,1184.5%$5,754,8094.3%$5,362,282
Get Your Rates Quote Now

Compare RatesStart Now →

There are multiple places that you can compare life insurance company rankings. The most common companies to compare life insurance are A.M. Best, the Better Business Bureau (BBB), Fitch Ratings, Moody’s, and Standard & Poor’s (S&P).

Ratings of the Top Five Life Insurance Companies
CompaniesA.M. Best Better
Business
Bureau (BBB)
FitchRatings
Moody’s
Standard
&
Poor (S&P)
Northwestern Mutual A++A+AAAAaaAA+
Lincoln FinancialA+A-A+AaAA-
New York LifeA++A+AAAAaaAA+
MassMutualA++B-A+AaaAA+
Prudential Financial A-B-A+AaaaA
Get Your Rates Quote Now

Compare RatesStart Now →

Let’s compare top life insurance company ratings.

Northwestern Mutual

Northwestern Mutual’s ratings are excellent.

  • A.M. Best gave Northwestern Mutual a rating of A++.
  • The Better Business Bureau rated Northwestern Mutual A+.
  • Fitch Ratings gave the company an AAA rating.
  • Moody’s rated the company an Aaa.
  • Standard & Poor’s (S&P) rating for the company is an AA+.

Northwestern Mutual is highly ranked.

Lincoln Financial

In 2019, Lincoln Financial had exceptional ratings.

  • A.M. Best gave Lincoln Financial a rating of A+.
  • The Better Business Bureau rated Lincoln Financial an A-.
  • Fitch Ratings gave the company an A+ rating.
  • Moody’s rated the company an Aa.
  • Standard & Poor’s (S&P) rating for the company is an AA-.

All rates provided are for non-smokers.

Lincoln Financial Average Annual Life Insurance Rates for Non-Smokers
Non-Smoker Age, Marital Status, & GenderLincoln Financial
Average Annual Rates
Average Annual Rates
25-Year-Old Single Female$187.00$164.50
25-Year-Old Single Male$231.00$183.61
35-Year-Old Married Female$191.00$170.47
35-Year-Old Married Male$238.00$190.04
45-Year-Old Married Female$239.00$247.50
45-Year-Old Married Male$283.00$274.59
55-Year-Old Married Female$435.00$417.01
55-Year-Old Married Male$615.00$543.23
65-Year-Old Single Female$903.00$898.76
65-Year-Old Single Male$1,577.00$1,308.00
Get Your Rates Quote Now

Compare RatesStart Now →

The company is not the cheapest option.

New York Life Insurance Group

One of the highest-ranked insurance companies is New York Life Insurance Group.

New York Life Insurance Group has outstanding ratings.

  • A.M. Best gave New York Life Insurance Group a rating of A++.
  • The Better Business Bureau rated New York Life Insurance Group an A+.
  • Fitch Ratings gave the company an AAA rating.
  • Moody’s rated the company an Aaa.
  • Standard & Poor’s (S&P) rating for the company is an AA+.

All rates provided are for non-smokers.

New York Life Average Annual Life Insurance Rates for Non-Smokers
Non-Smoker Age, Marital Status, & GenderNew York Life Average Annual RatesAverage Annual Rates
25-Year-Old Single Female$158.00$164.50
25-Year-Old Single Male$152.00$183.61
35-Year-Old Married Female$164.00$170.47
35-Year-Old Married Male$160.00$190.40
45-Year-Old Married Female$262.00$247.50
45-Year-Old Married Male$245.00$274.59
55-Year-Old Married Female$414.00$417.01
55-Year-Old Married Male$696.00$543.23
65-Year-Old Single Female$924.00$589.76
65-Year-Old Single Male$1,416.00$1,308.00
Get Your Rates Quote Now

Compare RatesStart Now →

New York Life Insurance Group is cheaper than Lincoln Financial.

Massachusetts Mutual

Massachusetts Mutual is also known as MassMutual.

MassMutual has great ratings.

  • A.M. Best gave MassMutual a rating of A++.
  • The Better Business Bureau rated MassMutual B-.
  • Fitch Ratings has given the company an A+ rating.
  • Moody’s rated the company an Aaa.
  • Standard & Poor’s (S&P) rating for the company is an AA+.

All rates provided are for non-smokers.

MassMutual Average Annual Life Insurance Rates for Non-Smokers
Non-Smoker Age, Marital Status, & GenderMassMutual Average Annual RatesAverage Annual Rates
25-Year-Old Single Female$132.00$164.50
25-Year-Old Single Male$147.00$183.61
35-Year-Old Married Female$137.00$170.47
35-Year-Old Married Male$151.00$190.40
45-Year-Old Married Female$209.00$247.50
45-Year-Old Married Male$230.00$274.59
55-Year-Old Married Female$373.00$417.01
55-Year-Old Married Male$451.00$543.23
65-Year-Old Single Female$763.00$898.76
65-Year-Old Single Male$1,049.00$1,308.00
Get Your Rates Quote Now

Compare RatesStart Now →

Single 65-year-old males have lower rates with MassMutual. Their rate is $1,049 and the average rate is $1,308.

Prudential Financial

Prudential Financial has been given exceptional ratings.

  • A.M. Best gave Prudential Financial a rating of A-.
  • The Better Business Bureau rated Prudential Financial a B-.
  • Fitch Ratings gave the company an A+ rating.
  • Moody’s rated the company an Aaaa.
  • Standard & Poor’s (S&P) rating for the company is an A.

All rates provided are for non-smokers.

New York Life Average Annual Life Insurance Rates for Non-Smokers
Non-Smoker Age, Marital Status, & GenderNew York Life Average Annual RatesAverage Annual Rates
25-Year-Old Single Female$158.00$164.50
25-Year-Old Single Male$152.00$183.61
35-Year-Old Married Female$164.00$170.47
35-Year-Old Married Male$160.00$190.40
45-Year-Old Married Female$262.00$247.50
45-Year-Old Married Male$245.00$274.59
55-Year-Old Married Female$414.00$417.01
55-Year-Old Married Male$696.00$543.23
65-Year-Old Single Female$924.00$589.76
65-Year-Old Single Male$1,416.00$1,308.00
Get Your Rates Quote Now

Compare RatesStart Now →

The company’s rates are cheaper for 25-year-old males and females and 35-year-old females than New York Life Insurance Group but their rates are the highest among the rest of the top five companies.

What Life Insurance Companies Look For If You Have ADHD

Before we discuss the underwriting process, you’re probably wondering is ADHD a mental disability?

Yes. ADHD is a neurodevelopmental disorder. Those suffering from ADHD are either attention deficit or hyperactive. Reports show that ADHD occurs in 4.4 percent of the adult population in the United States, though this percentage may be underreported.

Now, let’s talk about what the underwriting process involves since life insurance companies treat ADHD as a mental disorder.

Life insurance underwriting is when a person working for the insurance company evaluates personal factors to determine how much of a risk you are to insure (see guidelines here: life insurance underwriting guidelines).

The underwriter will classify you in a certain risk class to decide your rates.

The Preferred Plus / Preferred Elite class is for people who are in superior health. These people have no chronic illnesses, and their immediate family members did not die before the age of 60 from cancer or heart disease.

Their lab results are within the normal range. Their weight and height profiles are also within the average range.

The Preferred class is for non-smoking individuals who are in outstanding health. Treatment for high blood pressure or high cholesterol is acceptable in the Preferred Class ranking.

Height and weight may be slightly over average. Lab results may also be slightly abnormal.

The Standard Plus ranking is for non-smokers who are of average health. The height and weight of the individual may be higher than normal.

The Standard ranking is for those who have a normal life expectancy and average health. The individual may be receiving treatment for minor conditions. One or more of the applicant’s parents may have died from heart disease or cancer before the age of 60.

Height and weight can be above average. Elevated lab results for blood pressure and cholesterol are accepted.

The Substandard class ranking is for those who need high-risk life insurance. Those with a below-average life expectancy, are obese, or have major health conditions will be covered in this ranking.

It also covers sufferers of major health conditions like diabetes and cancer and is the classification for those with abnormal lab results.

Smokers are often offered a specific ranking but with a smoker classification. The Smoker class is not always reserved for smoking cigarettes but also can include many kinds of tobacco use.

Your life insurance quotes are always free.

 Secured with SHA-256 Encryption

Types of Life Insurance for ADHD

There are multiple types of life insurance available.
Types of Term Life and Whole Life Insurance Plans
Term life insurance is a life insurance policy that offers coverage for a predetermined amount of time. These pre-set periods are called terms. Term life insurance is usually offered in terms of 10, 20, 30, and 40 years.

Term life can benefit many people. Your child’s education, for example, is one o six essentials your loved ones won’t have to worry about if you have term life insurance.

There are multiple types of term life insurance. These types of coverage include:

  • Level Term Life Insurance – This type of term life insurance offers premiums that stay the same price throughout the term, but the amount of coverage you are offered increases.
  • Increasing Term Life Insurance – This type of term life insurance allows you to buy less coverage at a lower premium and increase the amount of coverage during specific time increments, over an allotted amount of time.
  • Decreasing Term Life Insurance – This type of term life insurance allows you to decrease the amount of coverage over the life of your policy at a predetermined time.
  • Renewable Term Life Insurance – This type of term life insurance allows you to extend the term of your coverage for an allotted time without having to qualify for new coverage.
  • Convertible Term Life Insurance – This type of insurance can be converted to a permanent policy during a specified period without needing proof of health or a medical exam.

whole life insurance is a life insurance policy that is offered for the covered individual’s entire lifetime. There are different types of whole life insurance coverage. They include:

  • Traditional Whole Life Insurance – offers you a contract for the entirety of your life.
  • Universal Whole Life Insurance – offers an investment option and low premiums. Some require a single lump-sum premium or fixed, scheduled premiums.
  • Variable Whole Life Insurance – covers you for your entire lifetime and offers you an investment option and a savings component called cash value.

Keep reading to learn about factors, such as your job and family medical history, that can affect your rates.

Shopping for Life Insurance With ADHD

When you are deciding to buy life insurance, you will probably wonder:

  • What do life insurance companies look for?
  • What types of coverage do I need and am I eligible?
  • What factors will affect my premiums?
  • Will I need a medical exam?

It’s five times more expensive to raise a child with ADHD than a child without. Families without a child with ADHD pay an average of $2,848 per child a year. Families with ADHD children spend an average of $15,036 a year. Shopping around for the best insurance is a good way to help mitigate these expenses.

Ready to compare quick life insurance quotes?

Your life insurance quotes are always free.

 Secured with SHA-256 Encryption

Factors That Affect Life Insurance Rates

Many of those suffering from ADHD wonder, Is ADHD diagnosis covered by insurance? Yes, you can and it can be affordable. ADHD insurance problems do not have to exist.

Multiple factors, including your lifestyle, can affect life insurance rates.
Lifestyle Questions That Can Cost You Money

Your gender will affect your premiums. As mentioned earlier, females have a lower rate based on their sex alone. Men have a lower life expectancy and are considered more of a risk to insure.

Age also affects premiums. Younger individuals have lower premiums, while older individuals have higher premiums.

It’s a higher risk for the life insurance company to cover older individuals. Therefore, a 25-year-old female will be quoted a lower rate than a 65-year old female based on age alone.

High-risk habits such as smoking cigarettes, excessive drinking, reckless driving, and overall below-average health can also affect life insurance premiums.

People who have high-risk habits are considered a higher risk to life insurance companies.

High-risk occupations are jobs that have an increase in death or serious injury. Jobs that could raise your life insurance premiums include pilots, underground miners, and roofers.

Veterans and military members are also considered high-risk because of the dangerous nature of their jobs. This will increase their premiums, but they still qualify for life insurance.

Many servicemen are not aware that they can buy insurance since they are automatically issued the Servicemembers’ Group Life Insurance (SMLI).

Those with ADHD may have additional factors considered. Those suffering from ADHD have a higher risk of also suffering from clinical depression. They also have higher risks of suffering from addiction and engaging in risky behavior.

Your current health will be evaluated and so will your family history to see how much of a risk you are to insure. Learn more about how family history affects your life insurance rates here.

Risk Factors for ADHD

There are some risk factors for ADHD.

  • The severity of your ADHD – mild, moderate or severe
  • Your age at diagnosis
  • Your results of diagnostic evaluations
  • Your predominant symptoms
  • Your occupation and/or school performance
  • Your ADHD treatment
  • The names of drugs and dosages you take
  • Other mental or nervous disorders you have
  • Your motor vehicle record (MVR)
  • Your arrest history

The results of diagnostic evaluations, predominant symptoms, and occupation/school performance will be evaluated during the underwriting process.

The insurance companies will ask about all medications you take, not only your asthma medications. Some people think that all of their medications will not matter to underwriters. The life insurance company will want to know all your medications, like Humira, and life insurance companies will factor that into their rates.

Do I need a medical exam?

Because there are multiple risks associated with Attention-Deficit/Hyperactivity Disorder, most life insurance policies require you to take a medical exam.

A common question about ADHD is, can you be denied life insurance for anxiety? You can be denied life insurance. Prescription history will also be recorded during the medical exam.

Underwriters review your medical history to see how much of a risk it will be to insure you.

ADHD has links to risk factors that may increase your payments. ADHD will not keep you from getting life insurance. If your illness is controlled with treatment or medication, then the insurance may offer lower premiums.

Depression, anxiety, obsessive-compulsive disorder (OCD), substance abuse, learning disabilities, personality disorders, oppositional defiant disorder (ODD), and social phobia are conditions that may increase your life insurance rate.

Many individuals suffering from ADHD take anxiety medication, and life insurance can increase if you suffer from anxiety and take medication.

Klonopin is a common anti-anxiety medication and life insurance does take note of if you take the medication. Many think Klonopin and life insurance do not go together, but they can.

The same concerns arise with those individuals who have ADHD and are also prescribed Seroquel. Life insurance rates may increase because you take the medication. Additionally, if you have ADHD and take Wellbutrin, life insurance companies may classify you as a higher risk and increase your rate as a result. But you won’t know for sure until you apply.

How to Get the Best Rate With ADHD

In order to get the best rate, limit your high-risk behavior by giving up smoking and drinking. Improving your lifestyle, losing weight, and switching to a lower-risk job are all ways to get lower premiums.

Shop around for the best rates. Always ask the company if they offer discounts or bundles. This may help you save money and get better coverage options.

Ask the insurance company what riders they offer and if you need them.

Riders are additional coverage options that are added to your policy.

Don’t wait to buy your life insurance. You become a higher risk as you get older, so you’ll get a better rate if you buy insurance at a younger age.

While other people may have a great experience with their life insurance company and want to encourage you to use their company, make sure that you pick your life insurance from the company that offers the best coverage and rates for you and your family.

Ready to compare quick life insurance quotes?

Your life insurance quotes are always free.

 Secured with SHA-256 Encryption

How Does ADHD Affect Life Insurance: The Bottom Line

Having ADHD may not directly increase your premiums. It is important to compare multiple companies and types of coverage to find the best policy for you and your family. Now that you understand life insurance, are you ready to get started?

Don’t wait. Click on our FREE quote tool to start comparing.

References:

  1. https://www.va.gov/life-insurance/options-eligibility/sgli/
  2. https://chadd.org/about-adhd/general-prevalence/
  3. https://www.nimh.nih.gov/health/topics/attention-deficit-hyperactivity-disorder-adhd/index.shtml

Ready to compare quick life insurance quotes?

Your life insurance quotes are always free.

 Secured with SHA-256 Encryption

QuickQuote is a BBB Accredited Business. QuickQuote Financial, Inc. BBB Business Review