One in four people will experience some kind of mental health issue over the course of each year in the UK, with the most common conditions experienced being anxiety and depression. Anxiety Disorders are very commonplace in the life insurance industry and we help people with anxiety or depression history on a daily basis.
Some recognised instances of Anxiety States are OCD or Obsessive Compulsive Disorder, generalised anxiety, panic disorders, and post-traumatic stress disorder. Phobic Disorders include agoraphobia, social and simple phobias.
With conditions as common as this it’s worth knowing what implications they may have on a life insurance application.
Individual life insurance firms have their own sets of underwriting protocols to adhere to.
You might a health concern and find yourself with an inappropriate life insurance company, you could end up paying more than you should for cover.
As with most medical conditions, the insurer will invariably ask for more information about how any such conditions affect your daily living. In many cases however, suffering from either anxiety or depression or indeed both, can have little or no effect on the premium of you policy if you select the right insurer.
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1. Secure a copy of your GP’s notes. Check them over and be sure they don’t contain any errors.
2. Be up front and don’t withhold past issues on your medical history. It’s bound to come out at some point and it’s better to allow us to deal with it for you beforehand.
We have access to a full market range of life assurance providers. Furthermore we can tailor a plan such as term life insurance for depression that fits your personal circumstances and guides you through the application process. We will ask for some details about your condition to allow for an instant decision in many cases. You will also benefit from our discounted rates when you apply via Insurance Hero.
If you have been turned down for life insurance or had your premiums increased because of anxiety or depression related conditions it does not necessarily mean that we will not be able to help.
Be sure to have the details of any conditions you may have suffered from over the last 5 years ready, for example any medication you may have been prescribed during that time as well as relevant dates such as when the condition first occurred or when you last experienced symptoms.
Please remember that there is never any pressure or hard sell with Insurance Hero. All quotations are obligation free.
If you wish to discuss the details of you condition please call us on 0203 150 1349 to speak to a specialist or if you would prefer an immediate decision then click here to begin.