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.
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.
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.
1. 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.
2. Secondary-Progressive Multiple Sclerosis and How Can It Affect Life Insurance
Those who have secondary-progressive multiple sclerosis, or SPMS, may have had multiple sclerosis already for some time. They may be feeling some shift in their disease. This is because those with SPMS start out with another type of multiple sclerosis – Relapsing-remitting MS.
When SPMS starts to move in, an individual’s relapses will not seem to fully go away – and will over time begin to get worse. In addition, there are other symptoms that may also show once SPMS occurs, including tight or stiff muscles in the legs, more difficulty with coordination, problems with the bladder and bowel, and even issues with thinking and depression.
What Life Insurance Companies Want To Know If You Have SPMS
Because secondary-progressive multiple sclerosis is a more severe type of MS, the life insurance underwriters will need to obtain more in-depth information regarding an applicant’s overall health condition. Therefore, there will typically be questions asked that go beyond those that are on the basic life insurance application for coverage. This is because even though an individual’s symptoms may subside with SPMS, this will typically occur less frequently than with someone who has RRMS types of multiple sclerosis.
With that in mind, an individual with SPMS may be asked some or all of the following questions by the life insurance company:
- When were you initially diagnosed with secondary-progressive multiple sclerosis?
- What, if any, types of symptoms have you experienced since your diagnosis of this condition?
- Has your SPMS condition become more severe over time since your diagnosis?
- What, if any, prescription medication(s) have you been prescribed for your SPMS condition?
- If you take any prescription medication, what is the dosage(s)?
- What other actions have you taken in order to manage and / or to control your SPMS (i.e., diet and / or exercise)?
- Have you had any type of relevant testing performed within the past six months that pertains to your secondary-progressive multiple sclerosis?
- How often do you visit your medical professional regarding your SPMS condition?
In addition to answering these questions, it is likely that the life insurance underwriters will want to review your medical records. Therefore, they will typically request this information from your primary care medical provider and / or from any specialist that you visit for your SPMS condition. This will allow the underwriters to obtain a clearer picture of your overall health.
You may also be required to undergo a paramedical exam. This takes about 30 minutes, and it entails meeting with a paramed professional who will take a heart rate and a blood pressure reading, as well as a blood and a urine sample from you.
Once all of the exams have been completed, and all of the information regarding your health has been obtained by the insurance company, the underwriters may review everything in order to make a more informed decision about the coverage that you’re applying for, as well as a premium cost.
How Much Will Life Insurance Cost for Those with SPMS
Because of the major advancements in medical technology today, those who have secondary-progressive MS have been better able to control their health condition – and, because of this, the prospects for getting life insurance have become more positive. SPMS is, however, still considered to be a serious health issue. Due to that, the potential for obtaining a life insurance policy at a Standard rate may be possible. Yet, it is more likely that coverage would be accepted at a substandard policy class. This means that your coverage will be priced at above that of someone who is considered to be an average policyholder.
3. 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.
4. Progressive-Relapsing Multiple Sclerosis and How Can It Affect Your Life Insurance
Progressive relapsing multiple sclerosis also referred to as simply PRMS, is the least common of the four types of multiple sclerosis (MS). This particular form of MS is only thought to occur in roughly 5 percent of all MS cases. Those who are diagnosed with progressive-relapsing multiple sclerosis will typically experience a steadily worsening neurologic function from the very beginning of their disease, as well as occasional relapses such as those who have relapsing-remitting MS, which is another of the forms of multiple sclerosis.
While there is no cure at this time for PRMS, there are ways of treating this disease so that individuals can help in managing and controlling it. Some of the forms of treatment can include the use of interferon beta medications such as Rebif, Avonex, Tysabri, and Betaseron. It is also important that those who have been diagnosed with progressive-relapsing multiple sclerosis take part in rehabilitation activities that can help them with enhancement of their mobility, as well as with promotion of their independence.
What the Underwriters Will Want to Know If You Have PRMS
If you have progressive-relapsing multiple sclerosis, and you’re applying for life insurance coverage, the underwriters will want to know more about your condition than just the basic information that is requested in the application for coverage. Therefore, it is likely that you will be asked some additional questions, such as:
- When were you initially diagnosed with progressive-relapsing multiple sclerosis?
- What types of symptoms have you experienced due to your diagnosis of PRMS?
- What, if any, medication(s) are you taking to help with the management or control of your PRMS? (And, if you are taking any medication, what are the dosages?)
- What other types of control and / or management for your PRMS have you undertaken, for example, diet and / or exercise?
- How often do you visit your doctor due to your PRMS condition?
- Have you had any relevant testing performed within the past six months pertaining to your PRMS?
It is likely that you will also be required to undergo a medical exam as a part of the underwriting process. Here, the paramedical professional will take a heart rate and blood pressure reading, as well as a blood and urine sample. The life insurance underwriters may also wish to review your medical records in order to get a more thorough picture of your full medical history.
Once all of your information has been reviewed, the insurance underwriters will be able to make a determination regarding your coverage. The good news is that today, due in large part to many more favorable treatments for multiple sclerosis, life insurance underwriters are oftentimes more apt to approve life insurance applicants for coverage – especially if a successful plan of treatment is in place with an individual.
How Much Will Your Life Insurance Coverage Cost with PRMS
If the life insurance underwriters determine that, other than your progressive-relapsing multiple sclerosis, you are in good health and do not have any negative life style choices such as smoking, it may be possible for you to qualify for a Standard life insurance policy. This means that the premium rate for this coverage will be in line with those who are considered to be of average health.
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.
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.
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.