When it comes to life insurance having a disability or illness makes getting good and honest rates a tough task. It can be a long, difficult, and frustrating task, but we are here to help. If you came here you may have already gotten declined for life insurance or have gotten a set of quotes with rates that were sky high. Fortunately you made it here because we have been helping people with multiple sclerosis find life insurance for years.
Is it possible to get life insurance with MS?
ABSOLUTELY! People with MS can even get standard rates for life insurance. Many people with MS automatically think that they won’t be able to purchase a life insurance policy because of their condition, but nothing could be further from the truth. What makes MS such a hard illness to get life insurance with is that each person reacts differently. It is more likely, however, that due to your MS, you will be placed into the Substandard rating class. The exact rating will be dependent upon the severity of your condition, as well as how long it has been since you were diagnosed, how long it has been since your last attack, and whether or not you are showing any signs of improvement from any treatment that you are receiving. The exact class of the Substandard rating that your policy is placed in will have a bearing on how much you will pay in premium as well. Working with an agent that has experience with MS life insurance will make all the difference.
What are the factors the insurance companies are looking for?
If you are applying for life insurance with multiple sclerosis, the underwriters will want to know more in depth information regarding your condition. Just some of the questions that you will likely be asked regarding your multiple sclerosis can include the following:
- When were you initially diagnosed with your condition? When you were originally diagnosed with multiple sclerosis will make a difference to the underwriters. This is because multiple sclerosis is a progressive condition, and they will want to know how you have been managing your disease. The longer you’ve had the condition, the higher your premiums could be.
- Approximately how many attacks such as seizures have you had in total? The underwriters will also need to know approximately how many attacks you have had. A high number may mean that your condition is worsening.
- What was the date of your most recent attack or seizure?
- What, if any, type of treatment have your undergone for your condition? The treatment that you are receiving for your condition can be a positive in the underwriters’ eyes. By receiving treatment, it also shows that you are attempting to manage and control your condition.
- If you have undergone treatment, how have you responded to such treatments? Following such treatments, has your condition improved or has it worsened over time?
- Are you currently a smoker? If you are currently a smoker, how many packs of cigarettes do you smoke per day? Smoking will be seen as a negative – especially as this can aggravate your condition – and, smoking in general tends to increase life insurance premium rates and lessen the chances of approval as it has a negative effect on life expectancy overall. Life insurance for smokers who do not have MS is even much higher so if you are currently smoking the sooner you quit the better. This can have a huge impact on your approval and rates.
- What, if any, medications are you currently taking for your condition? (Some of the more common medications for multiple sclerosis include Beta interferons, Gilenya, Corticosteroids, Copaxone, and muscle relaxants.) The type of medications that you are taking could be either a positive or a negative. This is because while some medications may help your conditions, others can have negative or harmful side effects.
In addition to the condition-specific information, the underwriters will also review the information that you will be asked on your life insurance application for coverage. These details will include data regarding your:
- Height and weight (primarily your weight in relation to your height)
- Marital status
- Whether or not you have children
- Smoking status
- Tobacco usage
- Alcohol usage
- Occupation and income (if applicable)
- Foreign travel
- Overall health history (perhaps you need insurance for diabetics)
- Family health history
As a part of the overall underwriting requirements, you will also be asked to take a medical examination. This will entail meeting with a paramedical professional. This individual will take your blood pressure and heart rate readings. They will also discuss more details with you regarding your overall health. The medical exam also requires the submission of a blood and urine sample. If you’re a female, they will most likely ask if you are pregnant. If you’re interested in getting life insurance while pregnant, we have options for you.
These samples will be analyzed by the insurance company for certain types of health conditions that could pose additional risks of claim to the insurer. Should the insurance company need even more information about you, they may request an Attending Physicians Statement from your doctor.
Once the underwriters have received all of your information, they will be able to make a much more informed decision regarding your policy. Should you be in very good health – other than your multiple sclerosis – it may be possible to obtain a Standard policy rating. In this case, your premium payment would be in line with other “average” policy holders who are of the same age, health, and weight classification. We can also help you find life insurance if you are overweight.
What if I have been declined for life insurance?
You should still get new quotes. Frankly, most people that come to us for life insurance have been declined at least once. The truth is if you are not shopping with the right companies then you are going to get declined. That is why working with an agent who knows the life insurance for multiple sclerosis market and works with high risk life insurance policies on a regular basis will get you better rates.
If using regular underwriting does not work for you, we can look at no medical exam life insurance. These include policies that only have a short medical questionnaire of guaranteed issue policies that have almost no questions at all. Either way you will not have to go through the medical examination process and a response to your application will be very quick.
If you’ve been declined for life insurance, don’t think that you can’t receive adequate and affordable life insurance through a different company. One of the worst mistakes that you can make is to avoid getting life insurance before of your condition.
Multiple Sclerosis – the facts
There are an estimated 400,000 people with MS in the United States alone. Every week there is around 200 new diagnoses, which makes the disease extremely common. Researchers still haven’t pinpointed what the cause of MS is, but there are many experts that believe it is a genetic predisposition to the disease.
Some of the symptoms of MS include:
- Problems seeing
- Feeling weak or muscle spasms
These are only a few of the possible symptoms of MS. If you’re experiencing any of these complications, you should schedule an appointment with you doctor immediately.
Does The Type of MS Make A Difference?
What makes MS a different animal than other diseases when rating for life insurance is that it can take one of four different courses.
- Relapsing Remitting MS – Approximately 85% of people are diagnosed with RRMS in their initial diagnosis. Since this type of MS has distinct periods of remission there is a chance that you can qualify for better rates than the other three.
- Primary-Progressive MS – 10% of people are diagnosed with PPMS, where the progression of the disease steadily worsens overtime with no remissions or relapses. You are probably looking at a no exam policy with this type of multiple sclerosis.
- Secondary-Progressive MS – SPMS is happens to about 50% of people who are initially diagnosed with RRMS. In this instance the disease takes a more progressive course after the initial remissions
- Progressive-Relapsing MS – The most rare of the four, happening in only 5% if people diagnosed with MS, PRMS causes patients to have a steadily worsening condition, but also has clear attacks on neurological function.
The type of MS you’re diagnosed with is going to have a huge impact on being accepted and the monthly rates. But regardless of the type, you will be able to get a type of coverage.
Where to Obtain Life Insurance with Multiple Sclerosis
If you have multiple sclerosis and are ready to apply for life insurance coverage, we can help. We work with many of the best life insurance carriers in the industry today, and we can help you to find the coverage that is right for you – and that will fit into your budget. Our team specializes in helping people that fall into high risk categories. So whether it is diabetics, people with MS, or any other high risk category we know what companies are offering the best rates.
We can also help you in comparing various life insurance policy benefits from different carriers, as well as comparing term life insurance quotes. You can do this from the comfort and convenience of your home computer – without ever having to meet in person with a life insurance agent. If you’re interested in finding out how much life insurance you qualify for, all you need to do is fill out the form on this page in order to get the process started. This is much easier than spending hours on the phone with different companies, answering the same questions over and over. Let us save you the time and frustration.
The Importance of Life Insurance
Life insurance is not one of the most enjoyable shopping experiences, but it’s one of the most important. Life insurance keeps you the peace of mind knowing that your loved ones will have the resources they need to get through a difficult time of losing you.
If something were to happen to you, would your family have the money they need to pay for a funeral, replace your salary, and pay for any expenses that are left behind? Would you leave behind a mortgage payment or credit card bills? Don’t leave your family with thousands of dollars in debt. Life insurance will be the safety net that you and your loved ones hope to never need.
Life Insurance at an Affordable Rate
With MS, your life insurance rates are going to be higher than average, but that doesn’t mean your policy has to break your bank. There are several ways that you can ensure that you can get best premiums possible.
To make sure that you’re getting the best rates possible, make sure that you receive quotes from several companies before choosing one. More than likely, the first quote you get isn’t going to be the lowest. Call a couple companies before you pick one, or we can save you the time on the phone and provide you with the best rates possible.
The other way to get better rates is to focus on your health. Always closely follow your doctors orders and take all prescriptions regularly. Being in the best possible health is not only good for your body, but also good for your wallet.
Should you have any questions at all regarding how to get life insurance with multiple sclerosis, how to obtain premium quote comparisons, or even just about life insurance in general, please feel free to contact us directly. We have experts on staff who are available to answer any questions or concerns that you may have before moving forward.
We understand that purchasing life insurance can be a big decision – and we want to make sure that you feel comfortable moving forward. You can contact us, toll-free, by calling 888-229-7522. When you’re ready to obtain the coverage that you need to protect the ones you love from the unexpected, we are here to help.