Buying burial insurance with Multiple Sclerosis (MS) can get really challenging if you don’t know where to apply. Not all companies treat MS patients in the same way. Some will reject you, but we work with some burial insurance companies that will accept you despite your medical condition.
If your attacks are very infrequent, you have no major medical incidents, and you don’t need assistance with the activities of daily living then you can qualify for a level death benefit. You will have no waiting period, and you will be fully covered from day one.
If you think that you won’t have the ability to purchase an affordable burial or funeral life insurance plan with MS, we have great news for you! Working with an independent agency like Funeral Funds that has experience with multiple sclerosis life insurance will make all the difference in finding great coverage at great rates.
We are highly experienced in high-risk life insurance, and we work with more than 40 of the top-rated life insurance companies which allow us to offer our clients with multiple sclerosis the best option. That is how we help our clients get the best life insurance rates. Please give us a call today for a free consultation.
FOR EASIER NAVIGATION:
CAN I GET LIFE INSURANCE IF I HAVE MULTIPLE SCLEROSIS?
Absolutely! Just because you have Multiple Sclerosis doesn’t mean you can’t get life insurance.
You can qualify for final expense insurance if you have MS!
If an insurance company has denied you either in the past or recently because of your condition, then we can help you look around for other options. Don’t worry, there are multiple sclerosis friendly high-risk final expense insurance companies out there for you.
We have burial insurance carriers that will approve you for a plan that has no waiting period. You will be fully covered from day one of your policy and you will even get the lowest premium rates.
And here’s another great thing!
Burial insurance policies don’t require a medical exam to qualify. You will only need to answer some questions about your health, and you’re ready to go.
THE TRUTH ABOUT BURIAL INSURANCE WITH MULTIPLE SCLEROSIS
Many people with multiple sclerosis automatically think that they won’t qualify for a life insurance plan. Nothing could be further from the truth! MS patients can be eligible for burial insurance at fair rates.
What makes multiple sclerosis challenging to get for some people is that everybody’s body reacts differently to this disease.
The type of plan that you can qualify as an MS patient is dependent upon the degree of your health and how long it has been since your last attack.
Burial or funeral insurance companies will look at you when you were diagnosed with MS. If you were diagnosed with multiple sclerosis in the last year, you may not qualify for a level death benefit.
The life insurance company will often charge you a little bit more, and you will have a short waiting period for full coverage. The longer you have the disease, the better your ratings will be because the companies will know more about your medical condition and impairments
The good news is, we know some burial insurance companies that are willing to offer you coverage at great rates!
Some companies don’t even ask about multiple sclerosis, meaning they are okay with your condition and they will quickly approve your application.
If you have infrequent MS attacks and no major incidents, then you will qualify for a level death benefit. If you are having regular attacks and you are receiving disability benefits from the government, then you can be eligible for guaranteed issue life insurance.
If you reside in an assisted living facility or you are dependent on a caretaker for your activities of daily living, you will qualify for guaranteed issue life insurance with graded benefits.
If you have other health problems in addition to MS, we will help you understand your options by reviewing your current and past health history
WHY DO INSURANCE COMPANIES CARE IF YOU HAVE MULTIPLE SCLEROSIS?
Multiple sclerosis is an illness that affects the brain, spinal cord, and other bodily functions. It is a chronic autoimmune progressive disease that gets worse over time. Most patients will have muscle weakness and trouble walking that may result in physical disability.
Multiple Sclerosis Statistics:
- MS usually occurs during early adulthood and rarely after age 60.
- About 400,000 people in the U.S. have been diagnosed with MS
- Approximately 200 new cases of MS are diagnosed each week
- MS affects women more frequently than men
- MS is the most common prevalent neurological condition in young adults
- MS is a common cause of chronic disability
Multiple sclerosis affects life insurance eligibility because of the possibility of a shortened lifespan.
According to the National Multiple Sclerosis Society (NMSS), people with MS live about seven years less than the general population. Multiple sclerosis life expectancy is significantly shorter.
Multiple sclerosis patients tend to die from many of the same conditions, such as heart disease and cancer, as people who don’t have the same condition. Some health issues can decrease the quality of life, and many will have trouble walking independently. Many MS sufferers experience symptoms that cause pain, inconvenience, and discomfort.
In extreme cases, MS patients can live with only minor physical limitations in their everyday lives. Some MS patients may require home health care and assistance with daily living activities. Some people may need canes and walkers to help them with balance difficulties. Others may need an electric scooter or wheelchair for mobility.
Burial insurance companies manage risk by modifying the premiums and imposing waiting periods based on the risk level they find with each applicant. This way, people with chronic illnesses and the possibility of a lesser lifespan will pay higher rates than healthy folks.
There is currently no known cure for multiple sclerosis, but the symptoms can be treated and even pause for long durations.
The majority of people who have MS can have a relatively normal lifespan, which is why some burial insurance companies are willing to underwrite a policy for people with multiple sclerosis.
WHAT WE WILL ASK YOU IF YOU HAVE MULTIPLE SCLEROSIS
When applying for final expense insurance or burial insurance coverage with multiple sclerosis, it’s crucial that you provide us as much information as possible. This information will help us better understand your condition better and will help us to provide you with an accurate quote.
Here are some questions we may ask you about your MS:
- When were you diagnosed with multiple sclerosis?
- How old were you when you were diagnosed with MS?
- What was the date of your most recent attack or seizure?
- What treatments have you undergone for your condition?
- What medications are you taking for your disease?
- Do you currently smoke cigarettes?
- Are you actively working or are you on disability?
- Do you require the use of any kinds of canes, walker, braces, wheelchair or scooter for mobility?
- Do you need help with daily living activities such as eating, bathing, dressing, toileting, transferring, and continence?
We will ask you these questions to assess your current health.
It is essential that you be completely honest when you answer these questions. This process allows us to give you an accurate quote and ensures that the company we recommend is the best fit for you.
The more information you provide us, the better your chances of being matched with the right insurance carrier.
UNDERWRITING BURIAL INSURANCE WITH MULTIPLE SCLEROSIS
Burial insurance companies perform underwriting to assess your level of risk.
There are two ways they do this:
- They ask health questions in the application
- They do a prescription history check
Burial insurance companies ask about multiple sclerosis in different ways. Sometimes you won’t see the word multiple sclerosis in the health questions; instead, they may use the term neuromuscular disease.
Here are some of the most common ways you can see MS asked in the health questions:
- Have you ever been diagnosed with multiple sclerosis?
- Within the last 24 months, have you been diagnosed with or been treated for multiple sclerosis?
- Have you been diagnosed or treated for any neuromuscular disease?
You must honestly answer yes to the multiple sclerosis questions if you’ve been diagnosed or being treated for this condition.
PRESCRIPTION HISTORY CHECK
Burial insurance companies electronically check your prescription history to validate your answers to the health questions.
Here’s a list of common multiple sclerosis medications:
If you are taking any of these medications, you will be classified as MS patient even if you answer “no” to their health questions.
BURIAL INSURANCE OPTIONS IF YOU HAVE MULTIPLE SCLEROSIS
You were diagnosed in the last 12 months
If you were diagnosed with multiple sclerosis in the last year, the most burial insurance company would decline your application for level coverage because of your recent diagnosis. The reason for this is the company can’t predict the course of your disease. You will still be eligible for guaranteed issue life insurance coverage.
The longer you had the condition, the more information the company has about your condition especially how well you respond to treatment.
However, we work with some burial insurance companies that don’t care about multiple sclerosis.
They offer level death benefit to MS patients if you don’t have any health conditions that may disqualify you from getting a plan with these multiple sclerosis friendly companies.
Assistance with Activities of Daily Living
If your multiple sclerosis progresses to the point that you need help with your daily living activities, it will have an impact on the underwriting process. Life insurance companies define activities of daily living like eating, bathing, dressing, toileting, transferring, and continence.
Every burial insurance company will ask if you need help with ADL. Most of them will decline your application if you need help with daily living activities.
If you need assistance in daily living, burial insurance companies will charge you more for your policy and give you a waiting period.
Your only option to get life insurance coverage will be to get a life insurance guaranteed approval or guaranteed acceptance policies. These plans accept everyone regardless of their medical condition because they don’t check medical history.
Home Health Care
Needing home health care is identical to needing help with activities of daily living. Every burial and final expense company will ask about this in their health questions.
If you need permanent home health care, you will qualify for guaranteed issue life insurance with a two-year waiting period.
Many multiple sclerosis patients may need a wheelchair or scooter for mobility.
Most burial insurance companies ask about wheelchair use. If you become wheelchair-bound you will be flat out declined with most burial insurance with underwriting.
We can still help you qualify for guaranteed issue life insurance.
BURIAL INSURANCE WITH MULTIPLE SCLEROSIS
LEVEL DEATH BENEFIT
We work with burial insurance companies that don’t care about multiple sclerosis. They offer level death benefit regardless of your medical condition. This is simplified burial insurance that covers you from day one. It is generally cheaper than guaranteed issue life insurance.
This plan does not have a waiting period, so your beneficiary will receive your full death benefit when you pass away.
GUARANTEED ISSUE LIFE INSURANCE
If you need home health care or you need help with activities of daily living, your only option for coverage is a guaranteed issue life insurance.
Additionally, if you are wheelchair-bound or have other health conditions that may disqualify you for level death benefit guaranteed issue life insurance is your best bet.
Guaranteed issue burial insurance is a bit more expensive than the level death benefit, and it has a two year waiting period. You need to live for two years before your beneficiary can receive your full death benefit if you pass away from the natural cause.
If you die during the waiting period, your beneficiary will receive the full refund of all the premiums paid plus 10% interest.
WHAT IF MY APPLICATION WAS DECLINED?
Declined applications for level coverage happen when you use an inexperienced agent or when you haven’t been honest about your medications and health history. They also happen with severe cases of multiple sclerosis.
If you have moderate MS, you won’t have difficulty obtaining life insurance. The only reason you’ll be declined is if you have other significant health conditions affecting your overall health.
If you are healthy and you have been declined, chances are you or your agent applied with the wrong company.
The truth is that if you are not shopping with the right companies, then you are going to be declined. That is why working with an independent agency like Funeral Funds that have access to multiple life insurance companies will get you approved with better rates.
If you have been denied for life insurance in the past, don’t believe that you can’t find affordable life insurance through a different company.
If you have MS and now ready to apply for coverage, we can help you. We work with the best life insurance companies in the market, and our goal is to match you with the best carrier offering the best price.
We can also help you compare quotes from various life insurance companies. Please answer the instant quote form on this page or call us at (888)862-9456 to get an accurate quote.
HOW CAN FUNERAL FUNDS HELP ME?
Trying to find a policy with multiple sclerosis needn’t be a frustrating process; working with an independent agency like Funeral Funds will make the process easier and quicker.
If you have a health history of multiple sclerosis, let us help you; we will work with you side by side to find a plan that fits your needs.
We will work with you every step of the way to find the plan that fits your financial requirements and budget. You don’t have to waste your precious time anymore searching for multiple insurance companies because we will do the dirty work for you.
We will shop your case to different insurance carriers and get you the best price.
We work with many A+ rated insurance carriers that specialized in covering high-risk clients like you. We will search all those companies to get the best rate. We will match you up with the best burial insurance company that gives the best rate.
We will assist you in securing the coverage you need at a rate you can afford. So, if you are looking for multiple sclerosis funeral insurance, multiple sclerosis burial insurance, or multiple sclerosis life insurance, we can help.
Fill out our quote form on this page or call us at (888) 862-9456 and we can give you an accurate quote.