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How Does ADHD Affect Buying Life Insurance?

August 11, 2022
Our goal is to educate and advise on life insurance options, so you can feel confident in making the right choice, whether that’s through Quotacy or somewhere else. To ensure we provide accurate and trustworthy information, our writers follow strict editorial standards.

An ADHD diagnosis can impact qualifying for life insurance. However, if you work with an independent life insurance broker, you have better odds of getting an affordable policy.

A broker does not have ties to one company and can shop around to find the best coverage for you.

» Compare: Term life insurance quotes for ADHD

With ADHD, severity can be diagnosed as mild, moderate, or severe, and symptoms affect each person in varying degrees. Insurance companies will pay close attention to the severity and the medications you take. Individuals with mild, well-controlled cases may even qualified for preferred rates.

Don’t let an ADHD diagnosis prevent you from applying. Many people with ADHD are accepted for life insurance coverage.

Quotacy is here to dig through the different life insurance companies to help you find affordable term life insurance rates that keep you and your family covered.

Buying Life Insurance with ADHD

ADHD is a common medical condition. Our agents have had a lot of success in helping clients with ADHD get life insurance coverage.

If you have been diagnosed with ADHD, your best chances of getting affordable life insurance is to apply through a broker, like Quotacy. Brokers are not tied to one life insurance company and are able to shop the market.

We want you to get approved and will work hard to help you get coverage. Start the process by getting a free term life insurance quote or keep reading for more in-depth information about life insurance and ADHD.

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Underwriting ADHD for Life Insurance

The risk class of an applicant with ADHD is determined by a life insurance company underwriter. Whether the ADHD diagnosis is mild, moderate, or severe plays a big part.

ADHD Severity in Children
Category Description
Mild Children who fit in the primarily inattentive ADHD subtype, with normal IQ (> 70), only minor behavior difficulties, little aggression, no diagnosis of oppositional defiant disorder (ODD) or conduct disorder (CD), and treated with no more than one medication.
Moderate Children within the hyperactive and impulsive subtypes, normal IQ (>70), with one or more of the following: learning disabilities, behavior difficulties and/or aggression including oppositional defiant disorder (ODD), and use of up to 2 medications.
Severe Children who meet the criteria for moderate ADHD with additionally one or more of the following: significant aggression or violence, conduct disorder (CD), personality disorder, or alcohol or substance misuse.

ADHD Severity in Adults
Category Description
Mild Adults with primary symptoms of inattentiveness, distractibility, restlessness and forgetfulness with little interference with daily functioning.
Moderate Adults with many of these features: inattentiveness, restlessness, distinct short mood shifts, emotional over-reactivity, disorganization, impatience, co-morbid mild depression, marital instability, or difficulties with occupational performance.
Severe Adults with motor hyperactivity and inattentiveness in addition to one or more of the following: explosive temper, relationship or work difficulties, impulse buying, motor vehicle accidents, alcohol or substance abuse, depression, conduct or personality disorder, or arrest history.

Because ADHD affects individuals quite differently, underwriters will not just make a snap decision based on the ADHD diagnosis alone. They will evaluate a number of factors.

These factors include:

  • age at diagnosis
  • extent and results of diagnostic evaluations
  • predominant symptoms
  • treatment
  • names of drugs and dosages
  • other mental or nervous disorders
  • MVR (motor vehicle record)
  • arrest history
  • occupation and school/occupational performance

An ADHD diagnosis does not mean you cannot get life insurance. In fact, preferred ratings (best possible life insurance risk class, in other words) are not out of the question. To be considered for a preferred rating, life insurance companies will typically want to see the following:

  • the ADHD diagnosis is mild
  • applicant is over the age of 30
  • there are no other psychiatric diagnoses or personality disorders
  • there is no history of alcohol or drug abuse nor adverse MVR information
  • there is no history of hospitalization for ADHD or mood symptoms, attempted suicide, or missed work or school of greater than 1 week due to ADHD or mood symptoms
  • there has been no treatment or medication for ADHD or mood symptoms in the last 5 years

Quotacy is an independent broker which means we work with multiple life insurance companies. Not all life insurance companies underwrite the same way and some will be more lenient with ADHD than others.

If you apply through Quotacy and we see on your application you list that you have (or had) ADHD, we will let you know which carriers are more likely to give you a favorable rating and line up some options for you.

ADHD is one of the most common health issues we come across. Our agents are experienced in helping people with ADHD buy life insurance. Reach out to us at any time if you have any questions or start the process now by getting a free term life insurance quote.

Watch the Life Insurance and ADHD Video


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