Anxiety Life Insurance

Health conditions high risk insurance anxiety

Living with anxiety can enhance the challenges of day-to-day life and we understand the additional pressure that this alone can add. I know; I have been there and I'm still there. I have had anxiety since my early 20s and quite frankly it sucks.

There are, however, varying levels of anxiety and regardless of your own experience, we want to make sure that finding the right life insurance doesn't become an additional worry for you.

So if you have anxiety, you can rely on us to take the stress out of arranging your life insurance, guiding you through every step to make sure you're happy with the cover. This is because our experts specialise in this area and have access to the right insurers for those with anxiety and similar conditions. And we know this because we've already helped lots of people living with anxiety.

There's just a few things we'd need to know from you to get started:

  • When did your anxiety start?
  • What are your symptoms - panic attacks, cold sweats?
  • Do you take any medication?
  • Have you tried any therapies?
  • Have you spoken to a counsellor or psychiatrist?
  • Have you spent any time as an in-patient at hospital?
  • Have you ever self-harmed?

If you have a generalised anxiety disorder that is well controlled with medication and/or therapy, then life insurance at standard terms might be available. It may be that some insurers would just want to know how your anxiety impacts on your daily life and sometimes to the extent of whether this has resulted in any self-harming or suicide attempts.

And even if you have had recent flare ups with your anxiety or you are finding it is harder to control, life insurance is not impossible, it may just be offered at a higher premium.

Get a Life Insurance Quote

What is Anxiety

When an individual starts to feel that daily activities and ‘normal' situations are causing them a prolonged amount of stress, tension or even worry, it is often referred to as a generalised anxiety disorder, especially if any of these feelings are heightened and ongoing.

And there isn't always a specific reason for this; anxiety has a lot of catalysts including starting a family, moving home, bereavement or diagnosis of a critical illness and it affects different people in so many different ways.

In some cases, generalised anxiety disorder appears from nowhere but for others, it can develop over a period of time, often with the additional frustration that pinpointing the exact cause or event that triggered it can be difficult. We understand that living with anxiety can be very frustrating, you often know that you shouldn't be feeling anxious but at the same time, you can't help it.

Also: GAD, anxiety, anxiety disorder

Linked with: Panic disorder, post-traumatic stress disorder (PTSD), social anxiety disorder (social phobia), depression, obsessive compulsive disorder (OCD)

Possible Effects on Lifestyle

My experience tells me that being diagnosed with a mental health condition, such as anxiety or depression, can be life-changing and is not always easy to deal with on your own. It can change the way you approach your day-to-day life with the following being just some of the symptoms people with generalised anxiety disorder can experience:

  • Difficulty maintaining relationships
  • Struggle to make decisions
  • Feeling helpless
  • Having panic attacks
  • Social withdrawal
  • Wanting to run away

Medications and Treatments

  • Citalopram hydrobromide (Cipramil)
  • Citalopram hydrochloride (Cipramil drops)
  • Cognitive behaviour therarpy (CBT)
  • Counselling
  • Diazepam
  • Escitalopram Oxalate (Cipralex)
  • Hypnotherapy
  • Oxprenolol
  • Paroxetine
  • Propranolol
  • Selective serotonin reuptake inhibitors (SSRIs)
  • Seroxat
  • Sertraline Hydrochloride (Lustral)
  • Venlafaxine Hydrochloride (Efexor)

Further Reading and Research

Anxiety Critical Illness Cover

Arranging critical illness cover for someone with generalised anxiety disorder is not too dissimilar to life insurance because more than anything, standard cover may be available depending on your individual circumstances.

An insurer will be interested in the impact that anxiety has on your life and more specifically, how you control it whether that be hypnotherapy, counselling or something similar. They may also ask if it affects your ability to work as well as whether there have been any previous suicide attempts.

And it's fair to say that there are no right or wrong answers here, it's just important for an insurer to understand the level of anxiety that you are living with. If your symptoms and treatment are considered to be at a significant level, they may offer special terms for critical illness cover which can often carry higher premiums.

Get a Critical Illness Cover Quote

Anxiety Income Protection

If you have generalised anxiety disorder, with medications and treatment currently in use, the comfort of an income protection policy could be worth its weight in gold.

And because you're reliance on an income is no different to anybody else's, you'll be pleased to know that securing this is a possibility - your cover may just come with an exclusion for any claim related to anxiety and mental health.

If you have, however, been free from anxiety symptoms and medications for a number of years, then securing a policy without any exclusions could be an option with some insurers and we can explore this likelihood for you.

Get an Income Protection Quote

But in some cases, we're aware that full income protection may not be available and we can look into some short-term income protection in the form of Accident, Sickness and Unemployment cover instead. This is a non-underwritten policy that offers protection for 12-24 months but will not cover you for claims linked to your anxiety disorder.

Get an Accident, Sickness and Unemployment Quote

Anxiety Travel Insurance

Having anxiety doesn't mean that you can't travel and an escape to your dream destination is likely to feature on at least one bucket list, but you do need to get the right travel insurance in place first - especially if you're going abroad. Our advice would be to speak with a specialist travel insurance broker - you can visit our dedicated travel insurance page here.

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You can view a transcript for this CuraVision Mental Health video here.

Common Questions

1. I have panic attacks but have never missed a day of work, is it possible to get income protection?

Your panic attacks shouldn't prevent you from getting income protection, it just means that you will probably have a mental health exclusion placed on the policy. And even though this may not seem ideal, it's in place because mental health claims make up a significant amount of income protection claims. But having the cover in place is still worthwhile as there are many other conditions that could also keep you off work.

2. What do I need to tell the insurer about my anxiety?

Be safe, tell them everything! Insurance underwriters are human and they understand that people get anxiety from time to time and that it isn't always a big deal. Life events can sometimes cause us to worry more than normal, as well as struggle unexpectedly with seemingly straightforward daily tasks.

Anxiety can be a short or long-term state of mind. So if you are experiencing it right now, it doesn't mean you will have it forever and there are insurers who will still offer you cover. The important thing is to know which insurers to go to for expert knowledge of your circumstances and this is where we stand out.

3. My mortgage adviser has told me that I have been declined life insurance because of my anxiety. Are there any options for me?

Yes, there are a number of options that we can look at because it's likely that we have access to a wider range of insurers than some mortgage brokers, especially if the insurer that your adviser is linked to is not willing to cover people with anxiety issues.

Lots of insurers on the standard insurance market do offer life insurance to people with anxiety, and in some cases, there are specialist insurers that we can speak to as well. It's all about knowing where to look to find an insurer that suits you.

Client Reviews

The Special Risks Bureau has been rated 5.0 out of 5 based on 361 reviews.

Review by Sarah on 26th January 2018

Cura really helped me out when I got declined life insurance online they really took their time and listened to my needs - 5 Stars

You can read more of our reviews here.

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Author

Kathryn Knowles, Managing Director

Dr Kathryn Knowles Phd

This page was written by Dr Kathryn Knowles Phd, an award-winning insurance adviser. To read more about Kathryn please see her bio here.