At Sports Financial Services, we understand the importance of securing your financial future
and prioritising your mental health. Speak to a specialist adviser today about life insurance for
mental health to provide peace of mind for you and your loved ones.
We were initially founded, over 25 years ago, to help extreme sports people find cover for their adrenaline-filled lifestyles. During this time, we have worked with many individuals with pre-existing conditions, who sought cover for their occupational and recreational pursuits.
We have recently expanded the scope of our services to bring this hard-won experience to those who have a pre-existing health condition and require assistance to explore the cover options available. Through this natural expansion, we aim to utilise our experience and expertise to provide financial protection advice delivered with exceptional customer service.
It is possible to get life insurance with certain mental health conditions. However, the decision
is made based on the nature of your specific condition and recent medical history. In order to
offer cover, we will discuss your condition and other lifestyle factors to let you know the
options available to you.
What is a mental health condition?
A mental health condition refers to a wide range of disorders that affect mood, thinking and
behaviour. These conditions can significantly impair a person’s ability to function in daily life
and can impact their relationships, work and overall well-being.
Mental health conditions can vary in severity, some examples of mental health conditions
include:
- Depression
- Anxiety
- Paranoia
- Phobias
- Psychosis
- Obsessive Compulsive Disorder (OCD)
- Post-Traumatic Stress Disorder (PTSD)
- Schizophrenia
- Bipolar Disorder
- Postnatal depression
In order to discuss life insurance for mental health we will ask for information about your
condition in order to outline the life insurance options available to you.
Pre-existing Condition Life Insurance
We provide life insurance for a wide range of different conditions. These include:
- Life Insurance for Diabetes
- High BMI Life Insurance
- Life Insurance for Heart Conditions
- Life Insurance for Recovering Addicts
- Life Insurance for Heart Disease
- Suicidal Thoughts Life Insurance
- High Cholesterol Life Insurance
How does mental health affect life insurance?
Mental health can significantly impact the availability of pre existing condition life insurance in various ways. Insurers often consider mental health conditions when assessing an individual’s risk profile, which can influence premium rates and eligibility for coverage. When you enquire about life insurance for mental health, we will ask about how much protection you require and how long you want to be covered.
In addition, we will also ask about your medical history, lifestyle and any other pre-existing conditions. Such information will help determine whether life insurance cover options are available, whether further information is required and how much cover will cost.
Can you get life insurance for mental health?
The availability and cost of a life insurance policy may vary depending on factors such as the condition you have, the severity of your condition, your treatment history, and any other health issues you may have. It’s important to disclose all relevant information about your mental health when applying for life insurance. Some insurers may require a medical assessment or request additional information from your healthcare provider.
Does life insurance cover mental illness?
It depends on the policy. Some insurers may cover mental health conditions, while others might exclude them or apply restrictions. However, at Sports Financial Services, we offer tailored policies specifically designed to include mental health coverage, ensuring you get the protection you need.
Does Anxiety or Depression Affect Life Insurance?
Anxiety and depression can impact life insurance, as insurers may consider it during the application process. Depending on its severity, treatment, and management, it might influence premiums or policy terms. At Sports Financial Services, we work with providers who understand mental health challenges, offering policies that cater to individuals with anxiety or depression.
What information will I need to provide for life insurance for mental health?
When applying for life insurance we will enquire about your health, lifestyle and occupation.
In addition, we may request information, such as:
- Medical history for you and your family history
- The name of your condition and date you were diagnosed
- Details of hospital admissions and specialist referrals
- Medications you take
- Height and weight
- General practitioner’s name and practice address
- Lifestyle (e.g., smoking, alcohol consumption)
Our experienced specialist advisers will discuss the exact information required and support you through the whole process.
Apply for life insurance for mental health today
At Sports Financial Services, we are committed to helping you navigate the complexities of life insurance for mental health. Our aim is to provide you with peace of mind for you and your family.
For more information or to get started, contact us at 0345 565 0935 or fill out our online contact form.