MS and Life Insurance
Welcome to the Pre Existing Conditions guide to Multiple Sclerosis (MS) Life Insurance. Within this guide we will look at providing answers to the following frequently asked questions.
- Can I obtain life insurance with MS?
- What questions will I be asked about my MS?
- Do all Life Insurance companies charge the same for Multiple Sclerosis?
- How do I find the best deal for MS life insurance?
- What is Multiple Sclerosis?
If you just want to be put in touch with a MS Life Insurance Expert and receive a quote please feel free to click the button below to make contact with a Specialist. We would however suggest that you read all this article together with our guide to Life Insurance for pre existing conditions first.
Can I obtain life insurance with MS?
The good news is that those living with Multiple Sclerosis can feel confident when applying for life insurance, despite the unpredictability of the condition. As long as the MS is well-managed then there are life insurance companies out there that will offer cover in all but the most severe of cases.
The vast majority of these providers will often seek to contact your GP in order to collect details on the full extent of your MS. However, this is standard practice and is done to ensure that the provider has all the information needed before offering cover. Of course, this part of the process comes at no added cost to you.
People with MS should expect their premiums to rise, depending on the chosen provider, the benefits you require, your chosen terms, and your symptoms.
By using the information provided on this website you should be able to secure the services of a Specialist Broker who will be able to point you in the direction of the Life Insurance company that is suited to your particular MS symptoms and therefore secure you the most competitive rate.
What questions will I be asked about my Multiple Sclerosis?
There are a number of questions that an insurance company will likely ask you when you apply for MS Life Insurance. They do so in order to calculate how high risk you are as a client. These questions may include, but are not limited to:
- What type of Multiple Sclerosis are you living with?
- What are your general MS symptoms?
- What medication are you currently taking?
- What treatment are you currently undergoing?
- At what age were you diagnosed with MS?
- Have you experienced any MS linked complications?
- When was your last relapse/symptom?
- Do you use any mobility aids?
- How does your Multiple Sclerosis affect your daily life?
Do all life insurance companies charge the same for MS life cover?
The simple answer to this question is no.
Different life insurance companies offer different prices and packages for different conditions. While some may refuse to offer cover to MS sufferers altogether, others may offer some competitive rates.
The type of MS you have will have a great impact on the overall insurance cost. The severity of your symptoms and frequency of attacks will also have some say on the final price, as well as the age at which you were diagnosed.
Luckily for you, the entire concept behind our website is to provide the latest information for Multiple Sclerosis and other conditions to ensure that you source the perfect deal for you. If an insurance company suspect that your pre-existing condition could result in an early death, they will increase the cost of life insurance cover, a process known as ‘loading’. The tricky part is finding the perfect life insurance provider, cheapest premium, and most attractive package for your personal situation.
You should always be honest about your MS and the extent of your symptoms. However, if your MS condition improves, ensure that you review the cover in search of a better price.
How do I find the best deal for MS life insurance?
By using the various tools on this website you will be put in touch with a Broker or Insurance Company that has an excellent chance of providing you with a highly competitive quote.
We have developed a Step by Step guide to applying for Pre Existing Conditions Life Insurance. To see the Step by Step guide please click here.
What is Multiple Sclerosis?
MS is a neurological condition that can affect multiple areas around the brain and spinal cord. The term sclerosis refers to the scarring/toughening of tissue in small sections. Multiple Sclerosis is a chronic condition, meaning that it is life-long and there is no current known cure. MS is caused by damage to the nerves following an attack from the body’s immune system. Back in 2012, there were an estimated 107,000 people living with MS in the UK, with diagnosis levels currently increasing by 2.4% per year. Multiple Sclerosis is often diagnosed in patients between 40 and 50 years of age, with the most common sufferers being women (72%).
The symptoms of MS can vary depending on the person in question. Each sufferer may experience issues in different areas of the body. However, some of the most common symptoms include blurred vision, difficulty walking, feeling tired and weak, difficulty controlling the bladder, spasms or stiffness in the muscle, and problems with balance and coordination. How frequent and severe these symptoms are depends on the type of Multiple Sclerosis. The vast majority (over 80%) of MS sufferers have relapsing-remitting MS. With this type of condition, the person in question will suffer relapses, which are forms of attacks or episodes that last for days, weeks, or even months. The recovery period often falls across a similar time scale. The space between each episode is known as a remission, which can last for years. The second form of MS is called primary progressive, affecting around 10% of sufferers. This is when the symptoms increase in severity over several years, without any period of remission. Having said that, there are periods of time in which the Multiple Sclerosis appears to stabilise.
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