In the present paper, the stability and the phenomena of stochastic resonance (SR) for a FitzHugh–Nagumo (FHN) system with time delay driven by a multiplicative non-Gaussian noise and an additive Gaussian white noise are investigated. By using the fast descent method, unified colored noise approximation and the two-state theory for the SR, the expressions for the stationary probability density function (SPDF) and the signal-to-noise ratio (SNR) are obtained. The research results show that the two noise intensities and time delay can always decrease the probability density at the two stable states and impair the stability of the neural system; while the noise correlation time [Formula: see text] can increase the probability density around both stable states and consolidate the stability of the neural system. Furthermore, the other noise correlation time [Formula: see text] can increase the probability at the resting state, but reduce that around the excited state. With respect to the SNR, it is discovered that the two noise strengths can both weaken the SR effect, while time delay [Formula: see text] and the departure parameter [Formula: see text] will always amplify the SR phenomenon. Moreover, the noise correlation time [Formula: see text] can motivate the SR effect, but not alter the peak value of the SNR. What’s most interesting is that the other noise correlation time [Formula: see text] can not only stimulate the SR phenomenon, but also results in the occurrence of two resonant peaks, whose heights are simultaneously improved because of the action of [Formula: see text].