Getting life insurance has become easier over the past several years. This is due in large part to our longer life expectancies, as well as because of the vast advances that have been made in medical technology. This can be good news for consumers, as it has, for the most part, brought the price of life insurance coverage down – even for some who have various health conditions.
For those who have relapsing-remitting multiple sclerosis, or RRMS, it could be difficult to find life insurance by going the more traditional routes, as this is a long-term health condition. However, by working with the right company or agency, the protection that you need can be much easier to secure – meaning that loved ones can have the peace of mind that they deserve in case of the unexpected.
What is Relapsing-Remitting Multiple Sclerosis and How Can It Affect Life Insurance Coverage
Many of those who have multiple sclerosis will have relapsing-remitting multiple sclerosis or RRMS. With RRMS, the person will have times when the symptoms of their condition – which are referred to as relapses – will flare up. After this period of time, there will be a “recovery” period, which could last for weeks, months, or longer, when there are no relapses, and when the disease does not get worse.
The period of time when a person has relapsing-remitting MS may last for ten or twenty years, after which the disease can change over to another type of multiple sclerosis called secondary-progressive MS. At that time, the disease will typically worsen.
Some of the more common symptoms of relapsing-remitting MS can include vision issues such as double vision and / or eye pain, tingling and numbness, sensitivity to heat, dizziness, problems with bladder or bowel, pain running down the spine, stiffness in the muscles, problems with coordination, depression, and a feeling of weakness or tiredness.
When one has an RRMS attack, it may last anywhere from 24 hours to several weeks – and it may include one or many different symptoms. There are different ways of helping to manage RRMS – including medication, as well as healthy lifestyle habits, and the use of physical and occupational therapy.
What the Life Insurance Underwriters Need to Know If You Have RRMS
If you have relapsing-remitting multiple sclerosis, and you are applying for life insurance, then it is likely that the underwriters will need more in-depth information than what is requested in the basic application for coverage. This is because they will need to know more about your specific condition before making a decision about your coverage, as well as the premium amount for your policy.
Therefore, it is likely that if you have been diagnosed with RRMS, you could be asked some or all of the following questions:
- When was your initial diagnosis of relapsing-remitting multiple sclerosis?
- What symptoms have you experienced since your diagnosis?
- What, if any, medications have you been prescribed for helping to manage and / or control your symptoms?
- What is / are the dosage(s) of the medication(s) that you take for your condition?
- Do you manage and / or control your relapsing-remitting multiple sclerosis in any other manner, such as through diet and / or exercise?
- How often do you visit your primary care physician and / or other health care professional regarding your condition?
- Have you had any type of relevant testing that was performed within the past six months pertaining to your condition?
It is likely that in addition to this information, the life insurance underwriters may wish to review your health records from your primary care physician and / or from any other medical professional that you visit for your condition.
You will also typically be required to undergo a medical examination as a part of the life insurance underwriting process. In this exam, a medical professional will take a blood pressure and heart rate reading from you, as well as a blood and urine sample.
Once all of your information has been received by the insurance company, it can then be reviewed more thoroughly and a decision can ultimately be made regarding your coverage, as well as about a premium price for a policy.
How Much Will Your Life Insurance Cost With RRMS?
The cost of life insurance coverage can vary for someone with RRMS, depending on how long the disease has been present, as well as the condition’s severity. For someone who is in otherwise good health, it may be possible to obtain a Standard policy rate. This means that the premium that is charged will be the same as that of an “average” policyholder who is of the same gender, age, and class.
In other cases, it may be that an applicant will be offered a high risk class of policy. This means that the premium charged for the policy will be higher than that of the “average” policyholder.
If an applicant cannot qualify for a traditionally underwritten policy, an alternate option may be to apply for a no exam plan. Here, provided that premiums are paid, the coverage will remain in force. And, although the cost is much higher, it could provide the only option for obtaining the life insurance protection that is needed.
How and Where to Find the Best Premium Rates
When seeking life insurance for people multiple sclerosis, it is usually best to work with an independent company that has access to many different insurance carriers. That being the case, we can help. We work with many of the top life insurers, and we can assist you in obtaining all of the information that you need. In order to get started, use the form on this page to receive your first set of quotes.
If you have any additional questions or concerns, please feel free to contact us directly. We can be reached via phone, toll-free, by calling 888-229-7522. We know that applying for life insurance when you have RRMS can appear to be a challenge. But the good news is that you still have many options. So, contact us today – we’re here to help.