Securing Term Life Insurance with Multiple Sclerosis

The Secret to Securing term life insurance with Multiple Sclerosis

Multiple sclerosis is an autoimmune disease that affects the brain and spinal cord. In securing term life insurance with multiple sclerosis you must do this one thing:

You must work with an independent life agent who has the knowledge and experience in dealing with individuals with multiple sclerosis.

Independent life agents who specialize in this type of protection should have many carriers to choose from. Agents that are captive or that are limited to only a couple of companies hinder your chance for the best rates.

An independent agent offers you the absolute best chance of securing term life insurance with multiple sclerosis.

Special Risk Life Underwriting

Special risk life underwriting is a niche of insurance companies who have the expertise and the willingness to underwrite risks such as multiple sclerosis, cardiovascular disease, diabetes, high blood pressure, etc.

These companies are sometimes not as well known as others, but surprising to some people are large companies like Prudential, Mutual of Omaha, Lincoln Financial Life that are among the special risk carriers.

All life insurance companies underwrite and evaluate risks differently. It is up to your agent to deliver the companies that do the best job on your particular situation.

The difference between standard and a rated policy offer

Most life insurance companies offer typical risk classifications such as preferred best, preferred, standard plus and standard. Each class has a criteria that must be met in order to qualify for that class.

Someone with a history of controlled blood pressure may qualify as a preferred best risk with one insurance company but preferred or standard plus with another. The difference in qualifying for these rate classes can mean big dollars over the life of your policy.

If an individual does not qualify for one of the (4) above mentioned rate classes they can then be qualified as a substandard or rated policy class. These policy classes typically are referred to by table ratings such as table A, table B, table C and so on. Each rating class above the standard risk class typically adds 25% more to the premium.

For instance someone who qualifies at a Table B risk class would pay 50% more in premium than someone who qualifies at the standard risk class.

This is why it is so important that you work with an agent that can get you the best rating class possible.

Let’s look at a couple of scenarios to better understand how this might work:

Debbie is a 45 year old female applying for $500,000 of guaranteed 20 year level term coverage:

  • Diagnosed at age 25 with MS
  • Diagnosed with mild primary-progressive MS
  • No other conditions found
  • Visits doctor regularly
  • non-smoker

The case is submitted to 4 different insurance companies to evaluate for an offer.

Company A comes back with a rating of Table D and a premium of $2,000 annually

Company B comes back with a rating of Table C and a premium of $1,700 annually

Company C comes back with a rating of Table B and a premium of $1,500 annually

Company D comes back with a rating of Standard and a premium of $1,000 annually

It is obvious that Company D has the best offer. Over a 20 year period Debbie would save $20,000 in premium over Company A. This is important because only an independent agent can shop your coverage with all 4 carriers.

A captive agent or perhaps the company that handles your home and auto coverage may only offer one carrier and what if that one carrier is Company A. This can be a costly mistake.

What plan is best for someone securing term life insurance with Multiple Sclerosis?

When purchasing term life insurance it is important to purchase not only the correct amount of insurance but also the correct plan of coverage.

Here again a trained agent can help you decide. But, keep in mind that MS is a progressive disease and typically does not get better from an underwriting standpoint as you get older. Therefore, it is important to buy as much coverage as you can afford and lock in the level rates for as long as you foresee needing the coverage.

It is also important to make sure that the term coverage that you purchase as a guaranteed conversion option. This option allows you to convert any or all of the portion of the death benefit to a new level premium policy with no medical exam or health questions.

Although this may not seem important now, down the road your needs may change and you want to be sure you have this option to continue coverage for as long as you feel necessary.

Keep in mind term life insurance is temporary coverage. At some point the level period of rates will end. At the end of the term the rates will begin to increase tremendously.

Fortunately, nowadays term life polices are available that can lock in level premiums for 20, 25 and 30 years depending on the issue ages. But, if you are a 35 year old and purchase a 30 year term, this only takes you to age 65. Will you want coverage after 65? And if so, will you be able to qualify based on your medical history. This is where the conversion option can be so useful.

TIP– Be sure you have a conversion option on your term policy.


Securing Term Life Insurance With Multiple Sclerosis is possible. But, you must work with an expert or you could waste not only your time but also thousands of dollars in premiums. This is a specialty market. Make sure you work with a specialist.

If you have a need for term life insurance and would like to discuss your situation please call us at 1-888-393-9003. You will speak with the owner of the agency and someone with 30 years experience working in the special risk life insurance market. Thank you for reading this blog. 

For a FREE quote

Call, text, email or fill out our instant quote form:

Call: 678-207-8160
Text: 678-207-8160
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How can I help?

Mike Raines

I am an independent life insurance agent with over 30 years’ experience. I am an expert in finding coverage for those with past or current medical history such as heart disease, diabetes, post cancer, etc. I also specialize in those that participate in scuba diving, mountain climbing, private pilots, etc. I work with the best life insurance companies in the nation, such as Prudential, AIG, Protective Life, Transamerica to name a few. Each carrier has different opinions on rates and underwriting, and it is my job to match you with the best company. To do that, I need to ask you a few questions about your health and lifestyle to qualify you.

For a FREE quote, call, text or email:

Call: 678-207-8160

Text: 678-207-8160


Mailing Address:
3482 Keith Bridge Road Suite #125
Cumming, GA 30041


I contacted Mike for advice with life insurance. I had recently left a large firm (where I had life insurance coverage as part of compensation package) to start my own company.  Therefore I needed to self fund my life insurance.  Because of some past health issues I figured I may need to do extra tests to validate my current excellent health status and insurability.  Mike was great to work with, knowledgeable about how underwriters view things, how they will want lots of data from my doctors, and he explained the normal full battery of new tests and data as well as additional or special tests they might want based on my history.  He helped me through the valley to the other side of the life insured promised land for $500K term policy with a duration that meshes well with my retirement date/options and coverage for my family if needed. I highly recommend Mike with Special Risk Term.  He can help you too, so call or email today.

- Richard M. from Ann Arbor, MI

I tried several places before I came across Mike’s website. The insurance at these other places was either very expensive, or the company wouldn’t cover me because of my health history. Mike was able to find me a reasonably priced policy with a major insurer. He did a great job locating a policy that works well for me.

- Jeff from Hermon, ME.

It’s not easy to find life insurance with a chronic condition such as crohn’s disease which is why I greatly appreciated having Mike on my team. Mike is responsive, patient, professional and indefatigable- all things you need when you’re looking for a competitive policy. Knowing my family will be taken care is not only a relief but a huge confidence boost and I’m thankful Mike works in the special risk insurance arena. I would absolutely work with him again. Thank you Mike!

- Bobby from Washington D.C.

Best rates and best service I have ever received.

- Robert from Kennesaw, GA.

Mike did an outstanding job getting me my coverage. He went above and beyond answering all my questions. He always returned my calls immediately even on the weekends!!! I highly recommend him.

- Aileen from Woodstock, GA.

Two Thumbs Up for Mike at Special Risk Term

- Yaniv from Troy, MO.

As part of the process of buying a new business, I needed life insurance. However, my congenital heart defect made agents squirm over the phone. Then I found Mike, who not only understood my situation, but found two solutions for me. Within a week, I had confirmation of an AD&D policy and a Term Life policy…all at very reasonable rates. The sense of relief can’t be underestimated. Thank you, Mike!

- Heather G. From Crestview, Fl.

Mike and his team did an extra ordinary job of handling my life insurance situation.  I was unable to secure life insurance because I had cancer 17 years ago however Mike and his team navigated through the challenges to get me a 15 year policy at great monthly rates. Thank you Mike for all your work in in this challenging situation.

- Nathan S. from St. Paul, MN.

Mike and his team made the entire process from start to finish very seamless and also overcame the task with us being multiple states apart with ease. With the easy process and very competitive priced insurance for high risk athletes, you have no need to look anywhere else for coverage. Thanks to Mike and his team for all they did and I highly recommend them for your Special Risk Life Insurance needs.

- Tyler C. from Danville, VT.

Mike did an awesome job in finding affordable coverage for myself and my husband. Highly recommend his services.

- Shannon from Atlanta, GA.

We work with individuals across the nation to secure the best life insurance rates.

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