Life Insurance
I hope the MS-community ‘hive-mind’ in the UK can help me:
I’m one of 6No. shareholders in my business, our financial advisor recommended that each us take out additional ‘level-term life insurance’ for £250k on behalf of the practice, in case one of us unexpectedly dies – but unfortunately the applications made on my behalf have been declined by both Aviva & Aegon, because of my SPMS! (they cite the ‘secondary’ status as the reason for declining)
Are any of you able to suggest the name of an insurer that better understands our situation?
[n.b. I’m a 48 year old man, working full-time, with SPMS at EDSS 6 – I had AHSCT in 2017, which has stopped any further progress]
Thanks in advance, Sandy
Hi @sandy_mcmillan and welcome. I'm surprised that two major insurers have just declined your application. MS is no longer life-threatening, although it does take longer for the insurance industry to understand that. Personally, I would contact these insurers direct to discuss the refusal. You might find you have more success by cutting out the middle man/men. Although, your premium may well be loaded because of your MS. I'm pleased to hear that your AHSCT has halted progression. Where did you have this treatment?
@stumbler thanks for the help. My AHSCT was at Clinica Ruiz in Monterrey - I'd recommend.