Can I get life insurance with Post Traumatic Stress Disorder (PTSD)

Our client

We were approached by a 67-year-old gentleman who wanted to review his life insurance arrangements. He told us that his existing joint decreasing life insurance policy was about to expire, but he and his wife still had an outstanding mortgage balance of approximately £40,000 which had another 6 years to run.

His main objective was to arrange a replacement joint life policy, which would be sufficient to repay their outstanding mortgage should either he or his wife pass away before the end of the mortgage term.

However, he told us that he was diagnosed with Post Traumatic Stress Disorder (PTSD) 15 years previously.

Post-traumatic stress disorder (PTSD) is an anxiety disorder caused by very stressful, frightening or distressing events.

Our client had spent several years serving in the armed forces, as well as working as a paramedic for many years after leaving the Army. It was his experiences in both careers that had led to his eventual diagnosis with PTSD.

As a result, he felt he was unable to continue in paid employment and took the option of early retirement.  He is still taking various medications including lithium, duloxetine, and Enalapril.

Our process and advice

At Future Proof, we have access to specialist insurance companies who don’t deal directly with the public. These companies offer more specialised policies, designed to provide cover where other major providers can’t.

Our research process involves us contacting many insurers to find out the best possible outcome for our clients. Which avoids any nasty shocks later on during the underwriting process.

Would the insurer add a ‘loading’ to their standard premium? (this is an additional sum charged on top of their standard monthly premium to reflect their additional risk). Or, exclude a condition?

Might they decline the application? We want to avoid wasting time by making applications which may be declined.

We have up to date knowledge of the ever-changing landscape of underwriting for all providers in the UK and are committed to thorough research so that you don’t have to. What’s more, our advice comes at no obligation and with no hidden costs.  You don’t pay us directly but we do get paid by the insurer if you decide to start a policy with them

Making an application

Having completed our research, we helped our client to apply to an insurer who had indicated to us that they may be able to offer him the cover on standard terms (no increase on top their standard premium).

An application was submitted and the insurer wrote to the client’s GP for further information. This resulted in them increasing (loading) their premium by 125%. After some consideration, we advised out client not to accept their offer as we felt that there was a possibility that after completing some further research, we could find a better premium for him.

We found a different insurance company who seemed sympathetic to his condition, and after submitting his application, they gave us a much more competitive quote. This time the final premium offered was within our client’s budget, and most importantly, the couple now have a joint decreasing term life policy with a sum assured of £40,000 over a term of 6 years for a monthly premium of £58.27.

This really illustrates that if you suffer from PTSD, depression, anxiety or stress or any other serious medical condition, it really does pay to take expert advice to ensure you really are getting the best premium available.

Real case studies

All our case studies are based on actual client scenarios, many of which pre-date 2020.  We are confident that the acceptance decision made by the insurers would still be offered, although it is likely that the rates will have changed, your own circumstances will determine whether what amount will be payable by you and would be fully discussed with you before any plan is implemented.

Please note that any premiums mentioned are indicative only and based on this specific case study/ example, which is shown for information purposes only. Your own circumstances will determine whether the amount payable is more or less than the figure quoted.

Next steps

Whilst you are welcome to get a quote online, we would recommend you speak to one of our advisers.

Any quote that your adviser provides you with will take into account your circumstances and medical history, as well as your budget!

An online quote is just that – a quote – it isn’t a definite offer of cover. What really matters is the premium you are offered, after your application has been assessed.

Call Freephone 0800 644 4468 – Monday to Thursday from 09.00 to 19.00 and on Friday between 09.00 and 17.00.

Please feel free to read our Independent client reviews, or read about the team at Future Proof


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Why you can trust Future Proof.

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Take a look at our handy guides ‘What Cover is Right for me?’

Do you suffer from a medical condition and concerned you can’t secure Life Insurance?  Please view our ‘Medical Guides’ for further information.

Whilst we will make every endeavour to help someone to arrange insurance, there is no guarantee of success.  All applications are subject to underwriting.

Links to third-party websites exist for information only, and we accept no responsibility or liability for the information contained on any such sites.
The existence of a link to another website does not imply or express
endorsement of its provider, products or services by us or St. James’s Place.

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