Anxiety can affect people in very different ways, but for some it has a significant impact on day-to-day life. More than 8 million people in the UK are living with an anxiety disorder at any one time, which is a little over 1 in 10 people. Anxiety life insurance is available to many people with a current or previous diagnosis. Having anxiety does not automatically mean you will be declined or charged more.
The terms offered will depend on such things as your individual medical history, your symptoms, treatment and how recently you have needed support. With more than 20 years of experience, Sports Financial Services have helped many people with anxiety. We discuss common questions that insurers are likely to ask, what information may be needed and which providers may be better suited to each individual’s circumstances.
Complete our short contact form for a free, no-obligation quote and speak directly with an expert adviser about the cover options available to you.
What is Life Insurance for Anxiety
Anxiety is one of the mental health conditions that insurers commonly assess. Experiencing anxiety does not automatically prevent you from getting life insurance, but insurers may need to assess wider aspects of your diagnosis such as symptoms, treatment and recent medical history before deciding what cover will be the best fit.
At Sports Financial Services, a life insurance specialist will confidentially discuss anxiety, depression or other mental health issues. In addition, they can also discuss your wider lifestyle including other health issues, your occupation and participation in hobbies and sports.
Can I Get Cover for Anxiety
Certainly, it is possible to get life insurance for anxiety. The outcome will usually depend on a number of factors, such as, details surrounding your medical history and the ongoing management of your anxiety.
Some applicants may be offered standard terms, while others may be offered cover at higher premiums depending on the extent of medical information. In more complex cases, an insurer may decide that they cannot currently offer cover. Your specialist adviser will take you through this process and discuss your options as they discover more about you and your anxiety.
This is one reason why it is helpful to seek advice from one of our specialists rather than assuming you will be declined based on a previous diagnosis. Sports Financial Services can look at the information an insurer is likely looking for and approach insurers who will match your circumstances better.
How Insurers Securely Assess Anxiety
Insurers normally ask for information surrounding your recent medical history and lifestyle. They may ask for your experience with symptoms, whether you have been prescribed medication, whether treatment has changed recently and whether you have received counselling or specialist support. Questions can also include when you were diagnosed, any hospital admissions, referrals, or periods in which symptoms became more severe.
All of this information will remain confidential and is used as part of the underwriting process. Depending on the answers given, they may be able to make a decision on the application or may ask for further medical information.
The important point is that people can experience anxiety differently, and may have very different medical histories. So, applications are be assessed case by case as a result.
What Will Be Disclosed
When you apply for life insurance for anxiety, you will answer questions about your health and medical history. For anxiety, this could include information about your diagnosis, treatment, medication, symptoms and any related mental health conditions. If the insurer needs information from your GP or medical records, consent from you will be needed before obtaining it.
It is important not to leave out any information which you may feel might be relevant to your application. Incomplete or inaccurate information may cause issues with the policy further down the line.
Specialists at Sports Financial Services can explain what information is likely to be relevant before an application is submitted, helping you understand what an insurer may ask and why.
The Bigger Health Picture
Anxiety is rarely assessed completely in isolation, and insurers may also ask whether you have experienced depression, stress, or another mental health condition. In essence, they may look at the wider mental health history where it is relevant to the application. If you have multiple health conditions, it may be helpful to explore other life insurance with medical conditions.
Physical health may also be a factor that can affect the application. Existing medical conditions, current treatment and other information within your medical history may also be considered alongside your anxiety.
If you have more than one condition, Sports Financial Services can help present the application as a whole rather than treating each part of your health history separately. We can also consider life insurance for mental health or life insurance for depression as part of the same application.
FAQs
No. Having anxiety does not automatically stop you from getting life insurance. Insurers will usually look at when you were diagnosed, how often you experience symptoms, any treatment or medication you have had, and whether anxiety has affected your work or daily life. Depending on your history, you may be offered standard terms, a higher premium, or be asked for further medical information before a final decision is made on whether cover can be offered.
Yes, if the insurer asks about your mental health, treatment, medication or previous diagnoses, you should answer fully and accurately. This can include previous anxiety even if your symptoms have improved. Leaving out relevant information could affect the policy or a future claim.
Not always. Anxiety can affect the cost of life insurance, but the diagnosis alone does not decide the price. Insurers may look at how recent or frequent your symptoms are, whether you take medication, any recent treatment changes, time off work, counselling and any related mental health conditions.
Yes. For some people it may still be possible to get life insurance if you have both anxiety and depression. Insurers will usually look at your wider mental health history, including when symptoms occurred, how often they have affected you, any medication or treatment, counselling, specialist support and time off work. They may ask for further medical evidence before making a decision on offering cover.
Give Yourself Peace of Mind Today
Anxiety should not stop you from finding the right life insurance. When dealt with by insurers who understand mental health cases, finding life insurance for anxiety can be easier than expected.
Complete our short online form or speak to a specialist adviser for a free, no-obligation quote. We will take the necessary steps to understand your situation and help you explore all suitable options so that you can feel confident and clear about your cover options.