Is there a difference between current and historical mental health when applying for life insurance?
Is there a difference between how current and historical mental health issues are assessed by a life insurance company?
Yes. People living with current or active mental health issues can still be successful in applying for life insurance cover but would usually have a mental health exclusion clause applied to the policy.
Once they are living symptom and treatment free for a reasonable period of time, any mental health exclusion clause applied to an insurance policy can be reviewed and removed.
This is why you need to work with a specialist risk insurance adviser to find the best insurance application strategy for you and then work with you later for the best policy update and review strategy, as your health improves.
Unusualrisks.com.au provides support to those people who insurance companies leave behind. We believe in giving every person the power to use life insurance products to protect & provide for their loved ones, their businesses and their legacy — free from barriers of stigma and discrimination.
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The advisor to Unusual Risks Insured: Drew Browne is an Authorised Representative and Sapience Corporation Pty Ltd. ABN 29 086 679 718 is a Corporate Authorised Representative of an Australian Financial Services Licensee AFSL Shartru Wealth Management Pty Ltd #422409 ABN 46 158 536 871. Any information provided is General Advice Only and we have not considered your personal circumstances. Before making any decision on the basis of this advice you should consider if the advice is appropriate for you based on your particular circumstance. Unusual Risks is a Trauma Informed Organisation (TIO) and affirms the Darlington Statement on Intersex Human Rights Australia.
Unusual Risks Insured acknowledges the Traditional Custodians of Country throughout Australia and their continuing connection to land, waters and community. We pay our respect to them and their cultures, and Elders, past, present and future.
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