If you’re living with depression or another mental health condition, you’re far from alone. According to Mind, one in four people in the UK experience a mental health problem each year. While society is becoming more open and supportive when it comes to mental health, many people still worry about how their condition might affect other aspects of life, including access to life insurance.
Having a mental health condition doesn’t automatically mean you can’t get life insurance.
When you apply for a life insurance policy, insurers will ask about your health history as part of the underwriting process. This includes questions about pre-existing medical conditions, such as depression, anxiety, or other mental health challenges. The insurer uses this information to assess the level of risk and determine the price of your policy. In some cases, they might ask for more details from your GP or request a medical report. The key here is honesty; answering questions truthfully ensures that your policy remains valid if a claim is ever made.
If information is withheld, it could result in:
Yes, many people with mental health conditions can get life insurance, and it’s not always more expensive. Insurers look at several factors, including the type of condition, when it was diagnosed, any treatment you’re receiving, and your current health. Each application is assessed individually.
Life insurance offers peace of mind, knowing your loved ones will be financially protected if the worst happens. And just because you’ve experienced mental health challenges doesn’t mean that this is out of reach. Finding the right policy can feel overwhelming, especially if you’re unsure what information to share or how it might affect your application.
If you’re living with a mental health condition and want to explore your life insurance options, get in touch with our friendly team.
To find out more about mortgages, personal insurance, business insurance and protection or to discuss the options available for your circumstances, contact our team of advisors
