Life Insurance with Stress

Life Insurance

Obtaining coverage for Stress life insurance can be relatively straightforward, as it is considered to be a lower risk mental health condition in the application process. It’s possible to obtain a stress life insurance policy at regular premiums, even if you have a history of medical issues. In certain cases, underwriters may request a copy of your medical records, particularly if symptoms are severe or for recent issues under ongoing treatment.

Underwriters review key areas when assessing applications for Stress life insurance:

1. At what age were you diagnosed?
2. What caused your stress?
3. Have you received any counseling or psychiatric treatment?
4. Are you currently on any medication?

The rates for stress life insurance differ among insurance providers, with premiums ranging from standard rates for those with no medical issues to potential decline for those with multiple issues.

Critical Illness

In most cases, insurers are typically comfortable accepting applications for Stress critical illness cover, indicating it is possible to obtain a policy even with mental health conditions. Premiums for Stress critical illness cover may differ based on the severity of symptoms, ranging from mild to moderate to more acute issues, which could lead to slight increases in premiums. Certain applications for Stress critical illness cover may be approved with a policy exclusion, which could pertain to mental health or total and permanent disability.

Income Protection

Because of the specific policy type, obtaining a Stress income protection policy might be a bit challenging. Insurance underwriters need to be informed if you’ve taken time off work due to stress, as they may need to make adjustments to your Stress income protection policy.