Life insurance and MS

No matter what stage of your life you’re in, getting a life insurance policy is a very good decision. Many people who are diagnosed with multiple sclerosis (MS) may fear that they can never get any kind of insurance again, but this is simply not the case.

We’ll delve deeper in this blog about if MS can impact your chances of buying life insurance, as well as other insurances.

Life insurance and MS

For most MSers, trying to get life insurance doesn’t actually make too much of a differenceHowever, the symptoms you experience do play a part in your coverage.

Relapsing remitting multiple sclerosis (RRMS) is the most common type. This kind doesn’t really make too much of a difference in terms of price and accessibility which is sure to be a relief.

Secondary progressive multiple sclerosis (SPMS) is much the same really, but there are one or two differences when it comes to the health questionnaire. Since you won’t have relapses anymore, the progression of the disease can lead to you using walking aids which can cause premiums to rise.

Primary progressive multiple sclerosis (PPMS) is, however, the type with the harshest symptoms which can make getting insurance a bit harder. Things such as your general mobility may influence the outcome of getting covered, but this doesn’t mean to say it’s impossible.

There are specialised providers out there that will cover you but  it may take some help from a broker to find the right one for you.

Does life insurance cost more for people with MS?

Generally speaking, life insurance doesn’t really cost that much more for someone with MS. The only exception is for those with advanced MS as there are many other factors to consider in comparison to RRMS or SPMS.

In terms of other insurances, there are some that charge more to cover someone with this condition.

Car insurance and MS

Getting insured on a vehicle whilst having MS is very likely to increase the price.

Insurers here will consider a person with MS as ‘higher risk’ and therefore increase the price to match their level of risk. It is worth shopping around for the best deal on comparison sites.

Disability aids insurance

This can come under both insurance for your mobility aids and your home insurance policy.

From mobility scooters to walkers, it’s a good idea to get them covered should they be damaged or stolen for example. Our quick search found that you can get your aid covered with a basic package for just over £3 * a month, but you should definitely do your own research to find the best cover and price for yourself.

*Based on CareCo’s economy mobility aid insurance cover for 3 years, June 2024

In addition to when you’re keeping your aid indoors, anything you do to your home to make it more accessible, such as installing a stairlift, are treated as fixtures to the building. You must inform your home insurance company about these changes so that your policy puts these under it.

Other insurances

There are plenty of other covers out there that MSers may worry could cost a lot more, but often there isn’t much of a difference. From travel to [other insurance type], it’s important that you do your research before buying any kind of insurance.

If you’d like to learn more about how you can prepare for your future with MS then take a look below. The buttons will lead you to other relevant resources that we think you’ll gain a lot from.