Multiple Sclerosis and Life Insurance

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Not sure if you can get a life insurance with Multiple Sclerosis?

Life Insurance policies are either issued, standard rated, or declined. In terms of multiple sclerosis and life insurance, this commonly means that people who have been diagnosed with the disease will not qualify for standard life insurance; but, that does not mean you cannot get life insurance.

When it comes to life insurance and multiple sclerosis, your best coverage option is no medical life insurance policies. There are two options for you to consider:

  • Guaranteed Issue (GI)
  • Simplified Issue (SI)
We work with 20 various insurance companies to find the best insurance option for you. Find out more about your options below.

Get your quote for life insurance for people with multiple sclerosis

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Meet some of our experienced insurance brokers who will be helping you

Aman-Kapur
Aman Kapur
Jack-Bendahan
Jack Bendahan
Bill-Harvey
Bill Harvey
Tamara-Humphries
Tamara Humphries

About Multiple Sclerosis

Multiple sclerosis is a chronic and hereditary disease that is progressive in nature. It causes damage to the nerve cells in the spinal cord and brain and causes people to loose functionality of their muscles, balance, and sensation over a period of time. The disease requires significant medical care and this is why life insurance and multiple sclerosis needs to be assessed before the disease sets in.

When it comes to life insurance and multiple sclerosis, the statistics tell the story. There are well over 2 million people in the world that have the disease, and most people are diagnosed with the disease in their early 30s. MS is most prevalent in men, but it is much more debilitating for women that contract the disease as women experience a more rapid decline. In terms of life insurance and multiple sclerosis costs to treat the disease, on average, it costs approximately $1.2 million to treat over a person’s lifetime, which is a significant cost to take on for the average person. There are a number of different types of MS, but all have a very similar impact on a person’s health. The types of multiple sclerosis include:

  • Devic’s Syndrome
  • Schiller’s Disease
  • Relapse-Remitting MS
  • Primary Progressive MS
  • Secondary Progressive MS
  • Progressive Relapse MS

Life Insurance and Multiple Sclerosis

When it comes to life insurance and multiple sclerosis, there are a number of important things that you need to understand to ensure that you receive the right amount of life insurance coverage.
As mentioned above, people who have been diagnosed with the disease will often not qualify for standard life insurance; but, that does not mean you cannot get life insurance.

When it comes to life insurance and multiple sclerosis, your best coverage option is no medical life insurance policies. There are two options for you to consider:

  • Guaranteed Issue (GI)
  • Simplified Issue (SI)
For the guaranteed issue policy, there are no medical tests and no questions to answer. But, you will have to pay higher premiums and there always is a two-year waiting period on the no accidental deaths policy as part of the coverage.
For the simplified issue policy, there are no medical tests, but you will be required to answer a short series of health questions. The benefit of the SI policy is that you pay lower premiums than GI.

Our insurance advisors will assist you with finding the best insurance option as we work with more than 20 insurance companies. We look forward to hearing from you – simply complete the form above.

Full list of insurance companies that we work with

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