If you are applying for life insurance after being diagnosed with multiple sclerosis, you might find that insurers are charging you exorbitant premiums. However, this is unfair and it doesn’t necessarily have to be the case. There is a lot of misinformation out there, so we will take you through the process of getting life insurance for multiple sclerosis.
How multiple sclerosis affects life insurance
About 10,000 people in the UK suffer from the degenerative brain and spinal cord disorder. People between the ages of 20 and 40 are most commonly diagnosed.
Depending on the way the disorder affects your body, there are 4 types of multiple sclerosis:
- Relapsing-remitting MS (RRMS)
- Secondary-progressive MS (SPMS)
- Primary-progressive MS (PPMS)
- Progressive-relapsing MS (PRMS)
The type of MS you have and the severity of the symptoms affect the cost of your insurance. The last type is the most debilitating of the four (it’s also the rarest). Because of the severity of this disorder, it may be very difficult for someone with progressive-relapsing MS to obtain life insurance. Even if you do, the premiums are likely to be very high.
This makes it all more important for you to perform thorough research before choosing the right insurer. Different companies treat MS differently and some are more sympathetic towards disorder than others.
For this reason, it is best to look into companies that specialise in high-risk individuals. They may even offer a multiple sclerosis specialist plan that is adapted to the financial requirements of this condition.
Information to provide
Other than the type of multiple sclerosis you have, you will also be asked to disclose when you were diagnosed with the disorder, how it has impacted your life and the treatment you are undergoing.
We would recommend you to talk to one of our advisers for life insurance quotes.
Any quote that your adviser provides you with will take into account your circumstances, your medical history, as well as your budget!
Call 011-3733-4610 – Monday to Thursday from 11.00 to 19.00 and on Friday between 11.00 and 16.00