Life Insurance: Mental Illness:Written question - 270750

(Glasgow North West)
Asked on: 28 June 2019
Life Insurance: Mental Illness
To ask the Chancellor of the Exchequer, what recent assessment he has made of the adequacy of access to life insurance for people with mental health problems.
Answered by: John Glen
Answered on: 08 July 2019

The Government is determined that all insurers should treat customers fairly and firms are required to do so under the Financial Conduct Authority’s (FCA) rules. The FCA has placed access and vulnerability at the core of the its Mission and Business Plan, and plans to consult on guidance for firms on the treatment of vulnerable consumers, including those with mental health conditions, in Summer 2019.

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