There is a range of potential outcomes when applying for Schizophrenia life insurance which will depend on your own circumstances and details of your condition. You will almost always be required to provide copies of your medical records when applying for Schizophrenia life insurance so that underwriters can accurately assess your application. Generally you will find that your offer for cover include some level of increase to your premiums to reflect the potential increase in risks relating to Schizophrenia and life insurance.
Some of the main factors for underwriting Schizophrenia life insurance:
- When were you first diagnosed with Schizophrenia
- What treatment or counselling do you/have you received
- Have you ever attempted suicide or had suicidal thoughts
- Have you ever had a psychotic episode
- What type of medication do you take and what dosage
Your Schizophrenia life insurance premiums can vary dramatically from one insurance provider to another depending on which insurer you apply to so you need to make sure that you speak to a specialist. You should also be aware that some insurance providers are good for mental health underwriting and others are not so you may find that you could be declined by some insurers and accepted by others for Schizophrenia life insurance.
There are also some specialist insurers and products for people who struggle to get cover through the standard market so speak to one of our experts to find out more.
