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Home > Insurance > Life Assurance

By Marc Shoffman | Published May 16, 2012

‘Life cover is available for HIV positive clients’

A poll by Unusual Risks, a national medical financial adviser, found that 80 per cent of HIV positive people were unaware of the availability of life cover, and 82 per cent of HIV positive people had no cover.

Chris Morgan, marketing manager of Devon-based Unusual Risks Mortgage & Insurance Services, said: “We have to remember that people living with HIV have been told by the insurance industry that they cannot have life assurance for nearly two decades.

“It is understandable that people may feel cautious towards the new HIV life assurance products as they are still a relatively new idea.

“Twelve years ago, when I started campaigning for this product to be available, the dream was for people living with HIV to be able to buy life assurance in the same way as any other applicant. We now have this service available and I’d like to encourage people to take advantage of this.”

Mr Morgan said the need for HIV life assurance had become more apparent in the past few yearsfollowing the success of new medication and the continued increase of newly-diagnosed patients.

In November 2011 it was established that 50 per cent of insurance providers offered life assurance to cover people with HIV. The product was first launched in 2009.

Colin Urquhart, principal of London-based Colin Urquhart IFA, said: “Awareness is an issue. When someone has a medical condition, they are always going to be rated and declined in some areas.

“Another problem is for those with diabetes. Very few insurers will provide cover in this area and each company has its own underwriting procedure.”

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