Life Insurance for People with MS or Multiple Sclerosis
Multiple Sclerosis, more commonly abbreviated to MS, is a chronic disease that attacks the central nervous system (CNS.) MS causes a number of symptoms, and depending upon when it started and in more severe cases, the type of life insurance available will vary
It seems that when dealing with Multiple Sclerosis usually means paying very high rates for life insurance. That is not always so. With our vast experience in helping MS patients with their life insurance needs, we can get you affordable life insurance with secure companies you can trust.
Life insurance may be obtainable and affordable for many people with multiple sclerosis. You should be able to obtain coverage if you have the following types of MS, even with current symptoms: Relapsing remitting Primary progressive Secondary progressive But it must be at least 12 months since diagnosis and critical illness extensions are not available.
Some life insurance Senior Medical Underwriter may consider that for Relapsing Remitting MS, the loading for the premiums (meaning the extra charge) is assessed based on the EDSS score you currently have and is normally loaded between +75 and +150% on the standard premium you would pay. This is likely to be the same across the entire industry. Request a FREE Quote
Group Life Insurance for People with MS
Group insurance, typically purchased by employers and by some professional and fraternal associations, is usually issued automatically without a medical examination, to all people eligible under a master policy. In employer plans, how much you pay is also determined by the company's policy. Some employers pay part or all of the cost of their group plan; others draw it entirely from employee salaries. What that means is that an individual with MS may have a much easier time getting life insurance as part of a group than with an individual policy. One major drawback of group coverage though, is that the policy is not really your (what is why it is called a certificate). If you quit, loose your job or the employer discontinues the entire coverage for all employees, you may end with no coverage at the worst time. Request a FREE Quote
