Life Insurance with Fibromyalgia (FMS)

Life Insurance

Things we need to know:

1. Date of diagnosis
2. Any medication being taken
3. Do you require mobility aids
4. Are you able to work
5. How does the fibromyalgia affect your daily living

Individuals with fibromyalgia can apply for life insurance without any worries. The insurer you’re applying to might request to have a conversation with your GP, but this is no cause for concern. It is to verify the intensity of your symptoms and determine if there are any other medical conditions impacting your health.

Treatment of fibromyalgia often involves strong medication, such as anti-depressants, for their pain-relieving properties. You will need to answer some questions about your mental health, but do not worry too much, as it is a very common practice in life insurance applications.

Insurance providers vary in their approach to fibromyalgia, with some being more receptive to your application than others. The final price offered for life insurance will be determined by the impact of the conditions. An important sign of this is the impact on your daily activities and work.

Individuals who have been diagnosed with both depression and another health condition might experience an increase in their policy premiums by some insurers.

If your symptoms are not severe and do not greatly affect your daily activities, you will probably be approved with standard rates by the appropriate insurance company.

Individuals with severe symptoms that greatly affect their daily life may experience higher life insurance premiums.

The may discourage some from applying, and we understand that, but the price hikes are usually not as severe as anticipated.

Critical Illness

Individuals with mild fibromyalgia can still be eligible for critical illness cover. Individuals with well-controlled symptoms are more likely to have their applications for critical illness cover accepted under normal conditions.

In cases where you’re on strong medication and your fibromyalgia symptoms are greatly affecting your life, you might be offered critical illness cover at a higher cost.

A notable aspect is that several critical illness plans include an extra benefit known as TPD (Total Permanent Disability). This condition is eligible for a claim payout in case of becoming totally and permanently disabled. Individuals with fibromyalgia may discover that TPD is not covered in their policy.

Keep in mind that this is just one condition. Most critical illness plans provide coverage for the diagnosis of more than 50 conditions, such as cancer, heart attacks, and strokes.

Our experienced advisers are able to provide clarification on all the details.

Income Protection

Income protection may be an option for individuals with fibromyalgia. You typically need to be without symptoms of fibromyalgia for around a year and experience only mild symptoms before that to qualify for income protection.

Income protection policies for individuals with fibromyalgia often come with exclusions. This would result in being ineligible for a claim in case of being unable to work because of fibromyalgia.

It may be an option to request an insurer to consider providing income protection with a premium increase rather than an exclusion.