Johnny Timpson: Triggers to Purchasing Insurance

Mental Health in Life Insurance week

clock • 5 min read

Johnny Timpson, writing on behalf of the Institute and Faculty of Actuaries (IFoA), examines the main triggers consumers experience when seeking out protection insurance and how they interact with various facets of mental health.

We all enjoy and experience health and wellbeing with the dimensions of physical, mental, social, financial all interlinked and interdependent. Statistics show one in four of us will likely experience a mental issue at some point in life with this often upsetting, confusing, and frightening for both the individual concerned and their families. So, let's consider what more we could be doing as an industry to support policyholders, colleagues, friends, relations, and their families when they have a mental health issue or are at their most vulnerable. In my opinion there are some areas w...

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