MS life insurance
Getting life insurance to protect you and your family is one of the most important financial decisions you can make. It can be confusing to know what is the best cover and how to get the cheapest premiums, especially with a pre-existing medical condition like multiple sclerosis.
The most important thing is to make sure that you have the best cover in place to protect your loved ones should anything happen to you.
How common is MS in the UK?
According to figures from the leading multiple sclerosis charity, MS Society, there are over 130,000 living with the condition in the UK currently. It is also estimated that 7,000 people are diagnosed with MS every year, which means 130 people are diagnosed every week.
The average life expectancy for someone with MS is only 7 years shorter than the average life expectancy in the UK currently.
Why choose iam|INSURED
We’re extremely proud to be the UK’s #1 rated life insurance expert for people with multiple sclerosis and other similar pre-existing medical conditions. Our team of passionate experts has helped to protect families just like yours and SAVE you TIME and MONEY.
Don’t take our word for it… read our AMAZING reviews on FEEFO
‘Good professional service’ ⭐️⭐️⭐️⭐️⭐️
“I made contact having seen the advert on Facebook, initially I wasn’t hopeful having responded to such ads ‘specialising’ in insurance for people like me with MS, only to discover that they would not cover me. This was not the case here, a very easy, professional service with no hard sell, catering to my personal needs, wants, and wishes. An added bonus is the free will and trust service which I will be taking advantage of. I’ll also be making contact again in the future for mortgage advice.
Thank you for your assistance James Paul and Lauren Ryan, much appreciated.”
Heather Harris (August 2020)
Best life insurance rates for people with MS
We also have one of the most comprehensive panels of TOP RATED life insurance partners to make sure that you get the BEST cover for LESS. It’s important for us to understand where to get the best rates for every single one of our customers.
Some insurers are simply better than others when it comes to certain medical conditions, like multiple sclerosis, and that’s where our expertise comes in.
Does life insurance cover MS?
If you need to protect your family, home, or business then there are several options that could be extremely useful if you get diagnosed with multiple sclerosis. Here’s some information about how this can help and how it works if you were to be diagnosed with MS in the future if you have life cover.
Does life insurance payout for MS?
YES – although life expectancy is not particularly short for someone with MS (usually only 7 to 10 years less than average), it is still possible that MS could cause serious health problems. If you have life insurance in place already then your family should receive a cash lump sum for them to help pay for certain things.
Life insurance is designed to provide your family with a benefit payable on death that can be used for:
- Clear mortgage balance
- Pay off debts
- Pay rent
- School fees
- Standard costs of living
Most commonly people are diagnosed with multiple sclerosis between the ages of 20 and 40 as well as being more common for those who are related to someone with the condition.
If you’re concerned about this and need more information then you can speak to one of our team of friendly experts to find out more. Life insurance can be confusing for many people and especially for someone who is concerned about a specific medical condition, so it’s worth getting some free advice.
More about LIFE INSURANCE
Will critical illness cover payout for MS?
Multiple sclerosis is one of the 7 most common conditions that is covered by the vast majority of standard critical illness cover policies.
In most cases, you should find that an existing critical illness cover policy will payout for someone who is diagnosed with multiple sclerosis as this is a core condition. Very rarely would you find that MS is not covered by this type of policy, but it is worth checking your policy documents or speaking to your insurer?
There are some circumstances where MS might be excluded from a critical illness cover policy such as:
- Family history of MS (if you took a policy with a family history of MS)
- Pre-existing MS (where you already had been diagnosed with MS)
A critical illness cover policy is designed to pay out a cash lump sum when you are diagnosed with a severe medical condition such as MS, and payments can be used for:
- Paying mortgage or rent payments
- Cost of living for a period of time
- Adjustments to the home
- Treatment to help your condition
You should ideally consider getting critical illness cover as young as possible to reduce any complications from health risks and to get the lowest premiums.
More about Critical Illness Cover
Life insurance for MS patients
If you’ve already been diagnosed with multiple sclerosis then you might have a different attitude toward life insurance and it’s potentially even more important to you. Here we consider what happens if you suffer from the condition already and how to get the best cover for less.
Can I get life insurance with MS?
YES – in most cases you should be able to get some life insurance if you’ve got MS. The most important thing is to make sure that you only apply to insurers that are good for you.
There are some insurers who are much better for people with MS than others. You’d be surprised when you see the difference between a good insurance company and a bad insurance company for MS.
There are some situations where ‘standard’ life cover might not be available, but there are always other options.
Types of MS and life insurance
We have also created a number of guides for the 3 main types of multiple sclerosis to help you to understand what it means for you specifically to get life insurance with MS in the UK.
Click the links below to find out more about your MS:
I’ve been declined life insurance because I’ve got MS
Often people will be given bad advice or be told that they can’t get covered because of their MS. If you’ve tried to get life insurance before and had a bad experience then it can be frustrating.
You’ve got options when it comes to getting life cover and often they’re quicker and cheaper than you might think. Just because someone has said that they can’t help, doesn’t mean that cover isn’t available.
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Can I get life insurance with MS without a medical?
You can get life insurance accepted instantly with MS, so in some cases, you might not need a medical report. Most insurance companies will ask to see a report from your GP, but there are some that won’t need it.
The reason insurance companies want to see your medical report is to verify the status of your health. Some more complicated conditions such as MS can be difficult to offer from an answer on an application form.
It is possible in some circumstances to get instant cover, such as:
- Relapsing-remitting MS
- No walking aids
- No issues eating or swallowing
- No memory issues
In some circumstances, it is possible to get life insurance instantly without the need for medical evidence for someone with multiple sclerosis.
Cheaper life insurance with MS?
To begin with, you’ve got to understand which insurance companies are good for people with MS. You can cut the cost of cover dramatically just by applying it to the right companies.
The best way to keep your life insurance premiums low is to apply for cover as young as possible. If you wait until later in life then rates will naturally be higher and the risks of further health problems are greater.
Some other things that you can do to reduce your premiums are:
- Smokers: quitting smoking can significantly lower premiums
- Weight: Reduce your BMI may have an impact
- Cover: Take the right cover for what you need
Multiple Sclerosis (MS) can cause a wide range of symptoms and can affect any part of the body. Each person with MS is affected differently, and the symptoms are unpredictable. Some people’s symptoms develop and worsen steadily over time, while others find their symptoms come and go. Periods, when symptoms get worse, are known as “relapses”.
Symptoms of MS range from fatigue, depression, mobility issues, pain, muscle spasms, vision problems, and speech and swallowing difficulties. If you suffer from MS, taking out MS life insurance cover may be worthwhile.
What does life insurance with MS cost?
If you suffer from MS and need life insurance or critical illness cover, then you will need to provide insurers with information about your condition. Insurance underwriters will assess your application for MS life insurance based on the following:
- The type of MS you have
- General symptoms and their severity
- Medications or treatment is undertaken
- The age you were first diagnosed
- Any underlying health complications
Your premiums for MS life insurance will also depend on:
- Sum assured (£’s)
- Term of cover (years)
- Type of insurance policy (e.g. Family, Mortgage, Whole of Life, etc.)
You will get different rates or premiums from different insurers, so the best way to save money is to speak to someone that knows which insurer is best for you.
Does MS affect life insurance?
It’s fair to say that not all multiple sclerosis life insurance applications are simple or straight forward so there can be challenges. We’d like to share some of the common problems that we have to overcome when applying for life insurance with this condition. It’s important to remember that just because you have a medical condition, that shouldn’t mean that you can’t get or can’t afford life insurance.
- Mobility: People with MS can often use walking aids such as sticks, crutches, or chairs depending on their symptoms or type of MS. If you use walking aids then we’ll find the best insurer for you based on the equipment you use and how regularly.
- Complications: Some of the main difficulties connected to MS that would come upon a life insurance application are problems eating, breathing, or memory issues. Again these are all relatively common and shouldn’t stop you from getting covered with the right insurance provider.
If you’ve applied for life insurance in the past and either been declined or told that cover will be unaffordable then speak to us. As specialist insurance brokers, we can provide life insurance cover for many more people than many other insurance companies, and we pride ourselves on going the extra mile for our clients.
Best life insurance with MS in the UK
There are several options when considering which life insurance product is best to protect your family. The main focus is to make sure that your family has the right cover in place and that it’s affordable for you.
The main types of policies that can be used to protect your family for someone with MS are:
- Family protection (level term life insurance)
- Mortgage protection (decreasing term life insurance)
- Family income benefit
- Whole of life
- Guaranteed life insurance (e.g. Over 50’s)
Each of these policies should be available to most people who suffer from MS and you will need to consider which is best for your requirements and which is affordable.
Medical conditions linked to multiple sclerosis
There are a number of medical conditions that are commonly linked to MS or that can be caused by it, these include:
- Acute Disseminated Encephalomyelitis (ADEM)
- Balo’s Disease
- Hashimoto’s thyroiditis
- HTLV-I Associated Myelopathy
- Inflammatory Bowel Disease (IBD)
- Schilder’s Disease
- Transverse Myelitis
Common questions about multiple sclerosis
Some of the most common questions that people ask about living with MS or what the condition is, include:
What are the first signs of MS?
There are several common early signs that you might be developing symptoms of multiple sclerosis, such as:
- Impaired vision
- Numbness or tingling sensations
- Bladder problems
- Sexual problems
- Cognitive issues
What is the life expectancy for someone with MS?
Someone diagnosed with MS is not generally at risk of early death, other than where there are severe or serious complications. Most people who have been diagnosed with MS will live a long and relatively normal life, although life expectancy is likely to be between 5 and 10 years lower on average.
How serious is MS?
While multiple sclerosis is not fatal, there are many potential issues with coordination, balance, and possible disability (needing walking aids or wheelchairs). The disease can progress into several stages that can cause more severe restrictions to daily living, such as secondary progressive or primary progressive ms.
Useful resources for people with multiple sclerosis
Here are some of the most useful resources and charities that we could find to help people looking for further information or assistance in living with MS.
Is Income Protection available for people with Multiple Sclerosis?
There are some income protection-style products that are available for people with MS and other pre-existing medical conditions. We’re continually searching for more products such as income protection to help people with multiple sclerosis because of the restrictions that insurers put in place.
Income protection is something that can be important to someone with MS, so there are some options available. We’ve sourced several unique products that will pay out for some time if you’re unable to work due to sickness or injury. Some people wrongly assume that people with MS don’t work which we know isn’t the case, which is why we’ve worked hard to offer cover.
MS doesn’t mean that you can’t work and people with mild symptoms can function normally, so we want to make sure you’re protected.
Over the years, we’ve found several products that are exclusive to insurance experts like iam|INSURED because of the work we do. You should speak to one of our team of experts about it, and we’ll be happy to tell you what’s available to you and how much this will cost you each month.
More information about INCOME PROTECTION