Does My Mental Health Affect My Life Insurance?
| Main Author: | Insurance Hero |
|---|---|
| Format: | Article Journal |
| Terbitan: |
, 2018
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| Subjects: | |
| Online Access: |
https://zenodo.org/record/1238740 |
Daftar Isi:
- Life insurance is one of the most important and basic investments anybody can make. In the United Kingdom there are 26 million life insurance policies in place. In any given year you can see roughly 2 million new life insurance policies taken out. Those incredible numbers certainly suggest people want to prepare for their final expenses, but those seeking life insurance must take special care when choosing a policy. Your health can affect what sort of plan you are able to get and that includes your mental health as well. Some disorders, such as anxiety and depression, can impact your ability to obtain a life insurance policy. Some companies will charge your higher premiums or even deny your application if you have certain mental disorders. Conditions linked to suicide are the most likely to cause your insurance to jump. This includes severe depression, paranoid schizophrenia, and bipolar disorder. Typically, these conditions will increase your premiums by 5% to 10%. Younger people will see smaller increases. You will still find affordable life insurance even with these conditions, but it might take some time and effort to find a company that will offer you life insurance. Always give your full medical history in order to help the company find something suitable for your needs and never hold back important details. This will allow the company the ability to handle your application with the care it needs. https://www.insurancehero.org.uk/types/anxiety-depression-life-insurance.html