Life Insurance Options for Individuals with Multiple Sclerosis

By Damiso A. Lockhart, term life INSURANCE INFORMATION

You can live a healthy life with Multiple Sclerosis. Here some ways to cut insurance cost without breaking the bank.


1. Don’t put all your eggs in one basket: Shop around for affordable life insurance. There are free resource sites that offer information on life insurance for people with preexisting conditions. Leaving your options open can be one of numerous factors to saving money for those who have MS. Do your research and know exactly what you want from your insurance so you’ll know what to ask for. Also keep in mind that patience is a virtue, it does take some time to find the right life insurance at the right price.


2. There are plenty of different Insurance types: Research to find which insurance type is right for your situation. Here are just a few of the different option that may be available to you.

Whole Life Insurance

Whole life insurance is a policy with level premiums that have both an investment and insurance component. Whole life insurance guarantees a lump sum payout upon the death of the policy holder, and as long as payments have been consistently maintained, it can apply whenever the death may occur. This is where term life insurance and whole life insurance differ, as term life insurance only covers the insured during a specific ‘term’.

Term Life Insurance

Term life insurance, simply put, is a straightforward policy written out for a number of years—anywhere from 5 years to 30 years long. There are terms available for as short as one year, as well, but the most commonly purchased terms are 10, 20, and 30 years. Additionally, term life insurance does not have an investment component (as seen in whole life insurance).

Long Term Life Insurance

Long term life insurance is a policy that aims to help cover the cost of long term care that goes beyond a pre-determined period of time. This form of insurance is not for individuals that are suffering from a serious illness, but primarily for those that are unable to perform daily tasks and basic activities, therefore making them in need of long term care.

Short Term Life Insurance

Short term life insurance is exactly the same as other forms of life insurance, except it is obtained through a much quicker and easier process. It is carried out entirely online. The application process typically only takes up to 20 minutes, a medical or physical test is not required, and it can be completed on the same day. It is the simple underwriting which allows for immediate coverage. With ever changing lifestyles and circumstances insurance providers realized that there was in fact a need for short term policies that ranged from as little as 1 month to anywhere up to 5 years.


3. Consider joining organizations like the National MS Society: These organizations offer plenty of resources that are available to its users and membership is primarily free. Some of these organizations even present grants for devices such as wheelchairs and emergency assistance.

Also, another amazing resource is which is a free service aimed at educating individuals about their life insurance options. The site helps people to locate a number of different policy options and compare which is best for them. In the cases of pre-existing conditions, like MS, their advisors locate a number of policies from different types of carriers and provide free quotes instantly.


About our Co-Founder: With a bachelors in Social Work, Linda is 53 years old, happily married with eight children and 17 grandchildren. Diagnosed with MS in 1995 and now having accepted and truly embraced her new reality, Linda has created She is dedicated to proving that joy can be chosen while living with Multiple Sclerosis. Linda specializes in helping others, especially those with MS attain the lifestyle, independence and happiness amid living with MS.


  1. Going to forward the information link to a friend of mine who was recently diagnosed with MS. They live in NY and are concerned with the whole pre-existing condition issue. I’m not a fan of whole life policies, but maybe in this case it might make sense considering it will be harder to get insured down the road.

    • Henry,
      Yes, I see you specialize in Anxiety Disorders and so as you say, the the pre-existing issue can be a problem!

  2. National MS Society is interesting as well as the link. Life plan is a good investment as well as a plan for the future. It’s good to have one with good company offering the insurance.

  3. There are a lot of questions to consider when evaluating life insurance. Especially when you have a pre-existing condition, and coverages may be limited. I have been working mostly with term life insurance. It’s not impossible to get with health issues, but as it is a temporary fix (as viewed by the insurance industry,when compared to full life insurance policies), many insurance companies prefer “healthy applicants”. This leaves people with MS or other diseases very limited, and expensive options when picking life insurance. I wish there was more we could do to get the people and their families covered, but agents hands are tied in these matters. Thanks, for the great article!

  4. It is worth checking and where possible correcting the medical records (used to be known as the ‘Lloyd George’) because errors can creep in and even doctors can make (and record) false assumptions – especially when they don’t have a specialism in the disease.

    • Iain,
      So true. Everybody is human and sometimes it get’s in our way especially when dealing with a disease with so many unknowns!

  5. The Multiple Sclerosis Society ( here in the UK give also give great advice for obtaining different types of insurance for people with MS.

    Your breakdown of each of the plans is greatly appreciated – thank you.

    • Peggy,
      I’m so glad you visited our site! I love the Global Reach of the internet! I see your site, tell me about yourself. Are a person with MS, a nurse?

  6. Funny you would have an article on the very thing I wish to advocate. I work for life insurance brokers and have yet to find a plan that will approve me because of my MS.
    I have been flat out told I will not be approved. I live in Canada not sure if that makes a difference. If I could find a plan I could only imagine the premiums on even a small amount coverage. So needless to say I feel very
    frustrated by the process!

  7. Hello there! Quick question that’s totally off topic. Do you know how to make your site mobile friendly? My weblog looks weird when viewing from my apple iphone. I’m trying to find a theme or plugin that might be able to correct this problem. If you have any suggestions, please share. With thanks!

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