Figures show that about a quarter of the UK population will experience some kind of mental health problem in the course of a year. That’s a staggering figure.
Ignorance and prejudice still surround sufferers, with the stigma making matters much worse. Sadly, though, despite the prevalence of mental illness, the fear of being judged, labelled, or discriminated against can stop people from talking about mental health – which, in turn, can stop them from getting the help they need.
If you have been affected in your family by mental health problems or a close friend has suffered, then you are more likely to be aware of it than others. But if not, you may think that it will never affect you or that you’ve never really given it much thought. It affects all of us – it affects how we think and feel about ourselves, how situations and events in our lives affect our thoughts and behaviour and how we deal with life’s rough times.
As individuals we cope with daily life in different ways to one another. One person may live out their problem or situation for a long time whereby another may plod on through and from a difficult situation quickly. No one way is best and our coping mechanisms can change over time. How we’d initially coped may cause us problems in the future. Some of us are happy to talk about our worries and feelings and some of us are not so comfortable with it or may not altogether.
Not coping is not a weakness. Often life events are out of our control and we can try and cope the best ways we think fit however additional help means we don’t have to struggle alone. That’s where income protection can help you.
Research has shown that, with early intervention and access to treatment, the potential for recovery – and return to work – is significantly improved. Income protection provides a support network – giving individuals someone to turn to if they need it as well as the financial support if they are unable to work.
It’s important to note that income protection is the only insurance which will cover you if a mental health condition stops you from working. It can help you get your life back on track.
If we were able to predict the future then we would be better prepared for whatever life may throw at us. However, we don’t have crystal balls and none of us knows how we will react to and cope with any given situation.
We can help you put plans in place today to make it easier for you to deal with what tomorrow may bring.
This article is for information only and does not constitute financial advice. Please contact your usual adviser at CST Wealth Management Ltd if you have any questions relating to your own personal circumstances or if you would like to make an appointment to discuss your financial plan. Contact details can be found on our Meet the Team page or by contacting us via email@example.com or 01656 867167.
The Financial Conduct Authority does not regulate tax advice.
CST Wealth is the trading name of CST Wealth Management Ltd which is authorised and regulated by the Financial Conduct Authority.