Obtaining life insurance can be easy for some, yet difficult for others. This can be the case if you have been diagnosed with conditions such as Primary-Progressive Multiple Sclerosis, or PPMS, one of the four types of MS.
This disease is characterized by a steady worsening of an individual’s neurologic functions, without any distinct relapses. While having PPMS can have an effect on obtaining life insurance coverage, it is still possible to get the protection that you need – provided that you know where to shop.
What is Primary-Progressive Multiple Sclerosis and How Can It Affect Your Life Insurance
PPMS affects approximately 10 to 15 percent of those who are afflicted with multiple sclerosis. Those who have this type of MS will typically have a difficult time walking, as well as will have weakness in their legs. Over time, the symptoms of PPMS will slowly and steadily worsen over time, typically without remission or relapses.
Unfortunately, at this time, there is no known cure for PPMS. There are, however, certain types of medication that can be taken that may help to either manage or control the severity and the frequency of an individual’s episodes. Some of these medications may also be able to slow down the disease’s progression and / or reduce the relapses.
Today, it is possible to obtain life insurance coverage for those who have been diagnosed with multiple sclerosis. Because all insurers are different, however, in how they rate their applicants, it is best to work with an independent agency that has access to multiple insurance companies, and that can point you in the right direction regarding where to begin applying for your coverage. This can help you to save a great deal of time – and frustration – throughout the application process.
What the Life Insurance Underwriters Need to Know If You Have PPMS
For those who have Primary-Progressive Multiple Sclerosis, the underwriters will typically need to know more about your health condition than just the basic data that is asked for in the life insurance application for coverage. With this in mind, it is probable that you will be asked additional condition-related questions such as some or all of the following regarding your PPMS:
- When were you initially diagnosed with primary-progressive multiple sclerosis?
- What types, if any, symptoms have you experienced since your initial diagnosis of PPMS?
- What, if any, medication(s) have you been prescribed for your PPMS?
- If you are taking any type of prescription medication for your PPMS, what is / are the dosage(s)?
- What else are you doing in order to manage and / or control your PPMS, such as diet / exercise?
- How often do you visit your medical professional regarding your primary-progressive multiple sclerosis condition?
- Have you had any type of relevant testing performed within the past six months that pertains to your PPMS condition?
In addition to these questions, you will likely be required to undergo a medical examination as a part of your life insurance application process. During this exam – which lasts approximately 30 minutes – you will need to submit a blood and urine sample. A heart rate and blood pressure reading will also be taken. It is likely that the life insurance underwriters will also want to review any lab testing that has been performed within the past few months. They may also wish to review your medical records from your primary care physician and / or from any medical specialist that you may see.
After the insurance company has obtained and reviewed all of the pertinent information about your health and health history, a clearer picture of your overall health may be determined – and thus, a determination regarding your coverage and your policy premium may be made.
How Much Will Your Coverage Cost If You Have Primary-Progressive Multiple Sclerosis
Due in large part to the many medical advancements over the past several years, life expectancy for those who have PPMS has increased – and thus, the life insurance coverage options for those who have PPMS have also been expanded.
It is possible for someone who has MS to obtain a Standard policy rate. However, it is more likely that an individual who is diagnosed with PPMS will be granted a policy with a substandard policy rating. The actual premium cost of the policy will typically be dependent upon the severity of his or her medical condition.
If you are unable to obtain a medically, or traditionally, underwritten life insurance policy with multiple sclerosis, it may still be possible to obtain the protection that you need. This could be through a guaranteed issue life insurance policy. With these life insurance plans, there is no medical exam required as a part of the underwriting process. Therefore, as long as the applicant answers just a few questions – and continues to pay the premium – coverage will be granted, and will remain in force.
Although the premium that is charged for this type of coverage is typically higher than that of a comparable medically underwritten life insurance policy, it could be the way to secure the life insurance protection that is needed to ensure that loved ones have the funds that they need in case of the unthinkable.
Where and How to Obtain the Best Premium Rates on Life Insurance for Those with PPMS
When seeking life insurance for people with primary-progressive multiple sclerosis, it is usually best to work with an agency or a company that has access to multiple life insurance carriers. That way, your agent or agency can help in pointing out which of these are more apt to accept applicants who have a PPMS diagnosis. If this is your situation, we can help.
We work with many of the top life insurers in the industry, and we can help to get you the coverage that you need. When you are ready to begin the process, get your first set of quotes by filling out the form on this page.
If you should have any additional questions, please feel free to contact us directly. We can be reached via phone, toll-free, by calling 888-229-7522. We understand that searching for life insurance can be somewhat overwhelming – especially if you have conditions such as PPMS. But the good news is that coverage is within your reach. So, contact us today – we’re here to help.