Depression/Stress/Anxiety
There are a number of mental health issues that are encompassed by the term 'depression'. In essence, it's a general feeling of 'sadness' or a 'negative frame of mind'. This can manifest itself through behaviour, disrupted sleep patterns, excessive tearfulness, lack of concentration, loss of libido and many other symptoms.
Treatments will vary and can include medication (anti-depressants such as Prozac), counselling or psychotherapy.
GP’s report is likely to be required to ascertain, whether or not there are any suicidal tendencies, current and past treatments and the causes (if any).
Likely life insurance underwriting decisions.
For Life Cover - There are many potential outcomes, but stress and anxiety cases will often be accepted at ordinary life insurance rates. Depression will often also be accepted without a loading, but be wary of loadings from certain insurers, especially if the client has a long history of severe depression, or has ever been suicidal. Check with a LifeSearch adviser as to whether cover can be arranged.
For Critical Illness Cover - Mental health related claims may well be excluded from critical illness cover. Check with a LifeSearch adviser as to whether cover can be arranged.
For Income Protection – Mental health related claims may well be excluded from income protection insurance. Check with a LifeSearch adviser as to whether cover can be arranged.
