Stress income protection insurance
Mental health conditions like stress are some of the most common medical problems in the UK. There is a known link between mental and physical health and issues with either could cause you to need extended time off work to recover properly.
Income protection insurance can help support you if you are unable to work for 4 or more weeks due to illness or injury. An income protection policy can work as a financial safety net, paying you a cash lump sum each month if you are signed off work by a GP (equal to 50%-70% of your usual income). This can give you peace of mind that you will be able to afford basic bills and expenses such as your mortgage/rent, utility bills and more.
Can you claim on income protection for stress?
Generally, you will be able to claim for stress on an existing income protection policy. The only reason why you might not be able to claim is if you’ve been treated for stress or mental health in the past.
You should be able to find out whether you are covered for stress-related absences by speaking to your insurer. You can also contact an advisor or expert to ask them about this if you’re unsure.
Most income protection policies will allow you to claim for up to 12 or 24 months of continual absence.
There are plenty of options for people looking for income protection for stress so it is best to contact us to find out more.
Income protection for stress is one of the most popular (and it’s probably the most useful type of cover) for this condition. If you can get cover before you have any problems then you’ll be protected from loss of income in the future for stress-related issues.