Life insurance is a contract so if we pass away or terminally ill within a time frame monies would be paid. In creating this agreement the applicants occupation, lifestyle habits, occupation, family history and their passed/current health are factored in.
All the life insurance providers review and enhance their application questions from time to time. This allows them to assess the applicants and give their best terms based on the answers to these questions.
Legal & General has just made some changes to their life insurance “mental health” questions.
In the last 5 years have you had any periods of extreme risk taking behaviour where you acted in a way that was out of character, for example, uncontrolled spending, or excessive gambling?
Have you ever been referred to or treated by a crisis resolution or home treatment team, or been admitted to hospital for one night or more for this condition?
Have you ever been treated by or referred to a psychiatrist or community mental health team?
Have you ever tried or planned to take your own life?
In the last 5 years have you thought about taking your own life?
Do you still have symptoms of this condition?
Have your symptoms become significantly worse within the last 4 weeks?
Have you claimed any government benefits, allowance or credits due to disability or illness, or retired early due to this condition?
In total, how much time off your normal work or daily activities have you had for this condition in the last 12 months?
Golden Rock Solutions is independent insurance advice provider so by knowing these questions (and the other life insurance companies questions) we can negotiate the best application process, best terms and best price for the life insurance protection(s) for your family.