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Multiple Sclerosis Life Insurance with iam insured

The Facts about Multiple Sclerosis Life Insurance

When you or someone you know is diagnosed with multiple sclerosis, we understand that this is a very difficult time. You need all the support you can get, along with protecting your future. It is an unpredictable condition; however, having multiple sclerosis life insurance can help to bring an element of certainty and control to you.

Along with providing you with peace of mind, purchasing insurance cover will give you long-term protection – whether that be multiple sclerosis life insurance, income protection, critical illness cover or travel insurance.

Now although this medical condition can be controlled, we also understand how there are differing levels of diagnosis, therefore we take your health needs into consideration when recommending insurance policies by the top UK life insurers. If you would like to discuss our multiple sclerosis life insurance options in depth, call our expert team today on 01244 732890.

How to obtain Multiple Sclerosis Life Insurance

Although classified as a critical illness, if you are diagnosed with MS, we have insurance products suitable for you. When you apply for multiple sclerosis life insurance, similar to other insurance processes, we will need to complete a medical screening to identify your diagnosis and requirements. By discussing your health and any pre-existing health conditions with your personal GP, we will be able to gain a greater understanding of the level of cover suitable for you.

Within our medical screening, there will be a set of relevant questions which will help guide us to the most suitable policies for you. Here is the type of questions you’ll be asked:

  • What type of Multiple Sclerosis do you have?
  • When was your MS diagnosis?
  • What are your symptoms?
  • When was your last relapse/or symptoms?
  • How does MS effect your day to day life?

Once we have received the above data, the process of obtaining multiple sclerosis life insurance is straightforward with our iam insured team. Contact us today on 01244 732890 to kickstart your application.

How much does Multiple Sclerosis Insurance cost?

When considering the cost of insurance, there’s no one size fits all policy. Therefore, when you do apply for multiple sclerosis life insurance, we will take your personal requirements into consideration. There are also differing levels of MS – Relapse remitting, secondary progressive and primary progressive. Depending on the type of MS you have, this will influence your premiums.

How much cover do I need?

The key driving forces when considering the amount of insurance cover required is the type of MS you have, along with your symptoms and risk of relapse. This will help guide our team to find the best insurance policy for you based on the level of protection you require, along with the term. There are also additional factors which can help you gauge the amount of cover needed for multiple sclerosis life insurance, income protection, critical illness cover or travel insurance. View our overview of each below:

If you are looking for a general multiple sclerosis life insurance policy that will take your health needs into consideration, our team can run through the details with you, along with premiums and the application process. Get in touch today to provide yourself with the best level of life protection. Here are the factors you should consider before applying:

  • Mortgage amount (£’s)
  • Outstanding debt (e.g. Loans, second charge, credit cards and other)
  • Dependants
  • Spouse or Partner
  • Income (after Tax)
  • Assets (e.g. car, house, business etc.)

For more information about how much multiple sclerosis life insurance you need to protect yourself, family and home, see our iam insured life insurance calculator, or contact our team today on 01244-732-890.

When comparing critical illness cover with general multiple sclerosis life insurance, there are a few differing factors. One key difference is its feature to provide a lump sum payment if you are diagnosed with a critical illness. Here are factors to consider:

  • Income (after Tax)
  • Mortgage payments (annual)
  • Cost of living (annual)
  • Any other possible costs (e.g. medical treatment or adaptations)

Depending on your circumstances, your opportunity to obtain critical illness cover will vary. This will depend on the type of MS you have along with your relapse period and symptoms. Our team are expert brokers in the health and life insurance industry, therefore we advise a thorough consultation to guide you in the best direction. We can then provide the most affordable critical illness cover options for you from our reputable insurance providers.

If you work, are self-employed or registered as a freelancer, we highly recommend investing in an income protection policy. Income protection policies will support you financially if something unfortunate happens to you. The key factors to consider when gauging cover amounts are:

  • Monthly income (after tax)
  • Mortgage/rent payments
  • Debts (other)
  • Cost of living

Depending on your current health and day to day while living with MS, the likelihood of obtaining a strong income protection policy is low. However, there are further options depending on your personal circumstances and ability to work. We also have our accident, sickness and unemployment policy which can cover those unable to work with an MS diagnosis.

If you are looking to plan a trip abroad, our travel insurance policy, ideal for those with pre-existing medical conditions will provide you with peace of mind. We understand that travelling to a new country with health concerns can be distressing, however, we ensure you have all additional needs covered to can travel with ease. To find out more regarding our travel insurance options, contact our team today.

If you are now in the position to purchase your multiple sclerosis life insurance policy, it couldn’t be easier with us here at Iam Insured. We will guide you through the straightforward application process, ensuring that the most suitable policies are purchased by you. We will offer an array of policies available from our reputable insurance providers, which will provide you with peace of mind while saving you a few pounds here and there.

Our team will treat you as an individual and ensure you are experiencing the best support to protect what is important to you. To move forward with this process, whether that be a multiple sclerosis life insurance policy, income protection, critical illness or travel insurance, contact our team today.

If you are now in the position to purchase your multiple sclerosis life insurance policy, it couldn’t be easier with us here at Iam Insured. We will guide you through the straightforward application process, ensuring that the most suitable policies are purchased by you. We will offer an array of policies available from our reputable insurance providers, which will provide you with peace of mind while saving you a few pounds here and there.

Our team will treat you as an individual and ensure you are experiencing the best support to protect what is important to you. To move forward with this process, whether that be a multiple sclerosis life insurance policy, income protection, critical illness or travel insurance, contact our team today.

  • Your type of MS and symptoms.
  • The extent of your pre-existing medical conditions.
  • The type of insurance product you’re looking for – (Income protection, Critical Illness Cover, Travel insurance).
  • The term of your multiple sclerosis life insurance.

Percentage (%) loading for Multiple Sclerosis life insurance

By taking the above factors into consideration, when considering your premiums for multiple sclerosis life insurance, insurers calculate a combined risk level using a percentage loading strategy. Percentage loading is where a percentage is applied on top of your standard premiums, which is estimated based on your pre-existing and current health. To gain a greater understanding of this, view our example below or contact our expert team to discuss how these factors influence the overall cost of your multiple sclerosis life insurance. Please be aware that the below is just an example, and each insurance provider has differing percentage strategies.

EXAMPLE:

Basic premium
% loading
Final premium
£10.00 50% £15.00
£10.00 100% £20.00
£10.00 150% £25.00
£10.00 200% £30.00
£10.00 250% £70.00

Per mille loadings for Multiple Sclerosis life insurance

Along with percentage loading, you may also find ‘per mille loading’ when applying for multiple sclerosis life insurance. This is usually applied to your premiums if you experience a sever condition, such as cancer. A ‘per mille loading’ will be a further amount applied to your premiums which is calculated based on the amount of cover you apply for (e.g. £2 per thousand £’s of cover). The key difference is, it can be applied for the whole term of your multiple sclerosis life insurance policy, or for a period of time from the start of your policy.

To retrieve your own personal quote for multiple sclerosis life insurance, contact our team today! 01244 732 890.

We will provide you with the most effective yet affordable policies available.

An additional outcome when applying for cover such as multiple sclerosis life insurance, critical illness cover, income protection or travel insurance is the possible of ‘exclusions’ being added to your policy. These exclusions are grouped as certain conditions which can be linked to your MS – They will be excluded from your policy.