If You or a Loved One Has MS, You Can Still Get Life Insurance

Just because you have Multiple Sclerosis (MS) doesn’t mean you can’t get life insurance. There are well-known, top rated life insurance companies that will issue you a life insurance policy. We’ll look at what they offer in just a moment.

Why Do Most Life Insurance Companies Decline People With MS?

Many life insurance companies make it difficult, if not impossible, to purchase life insurance if you have been diagnosed with MS. They ask you what seems like an unending number of questions, such as:

• How old were you when you were diagnosed with MS?
• How many attacks or seizures have you had in total?
• When was the most recent attack?
• What treatments have you undergone for your condition?
• How did you respond to past treatments? Has your condition gotten better or worse over time?
• Do you currently smoke cigarettes?
• What medications are you taking for your disease?

Based on the answers to your questions and the information on the medical records they’ll obtain from your doctor, the life insurer will rate the severity of your condition as mild, moderate, or severe. They will then decide on your insurability.

Because of the financial losses they’ve already sustained from the deaths caused by the coronavirus, and the fact that the virus still isn’t totally under control, most life insurance companies will either require people with MS to pay a much higher premium than their standard premium, or they’ll decline them altogether.

How to Buy Life Insurance With Multiple Sclerosis

There are three important steps you can take to secure life insurance coverage if you have MS:

1. Work with an independent agent – A severe health condition like MS makes it a necessity to have access to multiple top-rated companies to secure quotes. An independent agent represents many different life insurance companies; they’re not held captive to representing one particular company.

• Decide on the right type of policy – an independent agent will show you two types of policies. Choosing the right one is going to depend on the severity of your MS.

The two types of policies are simplified issue life insurance and guaranteed issue life insurance.

• Simplified issue life insurance is for seniors and individuals with health problems. Approval isn’t guaranteed, but people with mild MS that answer the health questions on the application stand a good chance of getting a policy issued. No medical examination is required.

• Guaranteed issue life insurance doesn’t require you to answer any health questions. You can’t be denied coverage if you’re between the ages of 45 and 85. No medical exam is required with guaranteed issue life insurance.

• Apply for coverage – You’ll be able to apply from the comfort of your own home and can have a policy issued in a short period of time.

Independent life insurance agent Oscar Young will help you determine if you’ll qualify for a simplified issue policy or if a guaranteed issue life policy is a better option for you. He represents many reputable life insurance companies, like Mutual of Omaha, AIG, and Gerber Life.

You can learn more on www.LiteQuote.com or speak with him directly at (312) 625-0133. It will take only minutes to apply for the coverage you need at an affordable rate.