HIV Life Insurance – HIV Life Assurance – Better Premiums and Longer Terms Available …

By Chris Morgan

Throughout the last 10 years, since the launch of HIV Life Assurance in 2009, I have seen a number of changes in the way that Life Insurance cover has been offered to applicants living with HIV. The original policies offered between 2009 to 2013 were for limited terms only of between 5 and 10 years.

Between 2003 and 2004 Life Insurance Companies in the UK started to offer applicants longer terms of between 20 and 25 years, which of course were much more suitable for people protecting their families and mortgages. This led to an increase in the popularity of HIV Life Assurance.

Fast forward to the 10 year anniversary of HIV life Insurance products and we are now seeing significantly lower premiums being offered to applicants. This is due to the latest statistics relating to HAART therapy that have become more available to insurers, giving them more confidence relating to the potential claims experience within the policies they are offering.

So much so that with this “Third Generation” of products, insurers are offering lower premiums and better terms than ever before for people living with HIV. For two groups of people this is a very welcome change and they should be seeking professional advice from specialists like Unusual Risks.

  1. For those who already have cover, it would certainly be worth reviewing their policy as they may be able to get either more cover for their money or be able to reduce their current premiums. Either way this is a significant development for the consumer
  2. For those seeking new cover, they have more choices and better policy options like never before. Consumers previously may have had to compromise on their levels of cover, or their options restricted due to budget.

Applicants are now able to look at higher amounts of cover to meet their needs, which means more protection for families and mortgages. However, what still hasn’t changed is the very complex nature of the medical information required and underwriting requirements of insurers.

In fact, due to product pricing changes and insurers tightening their belts ahead of Brexit, the product is still as difficult to obtain as ever before. Applicants should seek advice from HIV life Assurance specialists Unusual Risks, as it was ourselves that led the campaign to secure Life Assurance for people living with HIV in the UK.

Many of you will be aware I’ve consulted with the Insurance industry on these issues for 20 years and it was my campaign secured the introduction of Life Assurance for people living with HIV in the UK. Two decades of experience in this field means that you have access to advice to the very best advice.

No financial adviser in the UK has more knowledge of HIV Life Assurance!

Unusual Risks are the UK’s leading financial advisers offering advice to clients living with HIV or Hepatitis on HIV Life Assurance, HIV Life Insurance, HIV Mortgages, Hepatitis C Life Assurance, Hepatitis C Life Insurance, Hepatitis C Mortgages.

They are also the UK’s leading experts at planning Life Assurance and Mortgages for HIV Positive Families and are able to assist HIV Positive people looking for advice on their Pensions and Investments.

For more information about these services please contact Unusual Risks Mortgage & Insurance Services by phone 0845 474 3075. Email Enquiries@unusualrisks.co.uk or visit us online at http://www.unusualrisks.co.uk/

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HIV Life Assurance 10 Year Anniversary – Sum Assured

Unusual Risks, Financial Advisers to the HIV Community have today published the results of their tenth annual research into the Average and Sum Assured of Life Assurance that HIV Positive men and women are insuring themselves for. Currently HIV Positive people who are taking out Life Assurance in the UK are insuring themselves for an average of £140,516*. 

This figure is a significant increase on the previous running amount of £125,933, but more significantly the most recent 12 months average is now £223,372. The reasons for the sharp increase in the average amounts of cover is the improvement in products available. The monthly premiums are now the lowest ever available and length of policies the longest ever available.

Chris Morgan, Lead Financial Adviser of Unusual Risks, Mortgage & Insurance Services said;

‘The average sum assured has remained fairly stable for HIV Life Assurance over the last 10 years. However, this has improved significantly in the last 12 months, due to more competitive premiums and better terms being made available to consumers. We feel this is a very good way to celebrate a decade of HIV Life Assurance being available in the market place’.

‘We are noticing significant improvements in both the monthly premiums available to consumers and the length of the policies being made available. So, for example, the maximum term now being offered is more likely to be between 20 and 25 years instead of between 10 and 15 that may have been previously offered by insurance companies’.

Chris Morgan and Unusual Risks have campaigned on behalf of the HIV Community for the last two decades, firstly for the introduction of HIV Life Assurance, followed by the lengthening of policy terms and then most recently the reduction of monthly premiums. HIV Life Assurance now has the lowest premiums and longest terms ever offered to consumers.

In their recent HIV Insurance Provider Survey they reported that 75%* of Life Insurance Companies now offer some form of cover to people living with HIV. This figure has also steadily improved over the last 10 years. Unusual Risks are very proud to have played the lead role in improving the accessibility of financial products for people with HIV over the last decade. I

Unusual Risks are the UK’s leading financial advisers offering advice to clients living with HIV or Hepatitis on HIV Life Assurance, HIV Life Insurance, HIV Mortgages, Hepatitis C Life Assurance, Hepatitis C Life Insurance, Hepatitis C Mortgages.

They are also the UK’s leading experts at planning Life Assurance and Mortgages for HIV Positive Families and are able to assist HIV Positive people looking for advice on their Pensions and Investments.

For more information about these services please contact Unusual Risks Mortgage & Insurance Services by phone 0845 474 3075. Email Enquiries@unusualrisks.co.uk or visit us online at http://www.unusualrisks.co.uk/

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HIV Insurance Survey 2018 … HIV Life Insurance and HIV Life Assurance

Unusual Risks, the medical financial advisers are today announcing the results of their latest HIV Life Insurance Survey. After contacting the major Life Assurance providers in the UK, they can now report that 75% of insurers are now offering some form of HIV Life Assurance.

This is the eighth year that Unusual Risks have surveyed the availability of HIV Life Assurance products in the UK, with the earliest survey result in 2011 indicating only 50% of insurance providers were offering any form of HIV Life Assurance.

Speaking about their survey, Chris Morgan, Lead Financial Adviser of Unusual Risks said;

‘We recently surveyed the top twelve life assurance groups, who service brokers and were delighted to see that 75% of companies are now offering some form of Life Assurance to HIV Positive people. We are greatly encouraged that this figure continues to improve each year.

‘Having more Life Insurance products available to HIV Positive people is obviously a good thing, because this is now leading to improved terms for consumers. Unusual Risks are constantly liaising with product providers to improve the availability and standards of HIV Life Insurance. 

‘We are constantly seeing improved products available to the consumer, with most policies now being offered for between a 15 and 25 years term. This is opposed to just a 5 and 10 years term, when HIV Life Insurance policies were first launched.

Unusual Risks are pleased to report that, steadily increasing numbers of Life Assurance Companies are offering Life Insurance for HIV Positive people. Gradually over the last eight years more insurers have elected to offer HIV Life Assurance, which means more choice for consumers.

Even though we have seen great improvements for people living with HIV, in the Life Insurance Industry, we note there are still some Insurance providers who still refuse to offer any Life cover. Also, there is still no improvement in the product areas of Income Protection and Critical Illness Cover, as these are still unavailable to people living with HIV.

Unusual Risks are the UK’s leading financial advisers offering advice to clients living with HIV or Hepatitis on HIV Life Assurance, HIV Life Insurance, HIV Mortgages, Hepatitis C Life Assurance, Hepatitis C Life Insurance, Hepatitis C Mortgages.

They are also the UK’s leading experts at planning Life Assurance and Mortgages for HIV Positive Families and are able to assist HIV Positive people looking for advice on their Pensions and Investments.

For more information about these services please contact Unusual Risks Mortgage & Insurance Services by phone 0845 474 3075. Email Enquiries@unusualrisks.co.uk or visit us online at http://www.unusualrisks.co.uk/

Posted in HIV Finance, HIV Life Assurance, HIV Life Insurance, HIV Mortgages, Unusual Risks | Comments closed

HIV Professionals – Financial Services Survey Results 2018

Unusual Risks, the medical financial advisers have today published the results of their new HIV Professionals – Financial Services Survey. They collected research and data during their year long HIV & Finance Tour and HIV Professionals were asked relevant questions about the accessibility to Financial Products for their service users.

The results of the survey were that 97% of the delegates attending the HIV & Finance Workshops thought the availability of financial products had improved for people living with HIV and 86% of the delegates also thought the UK Financial Services Companies still discriminated against people living with HIV.

Chris Morgan, Lead Financial Adviser of Unusual Risks, Mortgage & Insurance Services said, 

‘Although the Survey results appear to contradict each other initially, it’s important to understand the key message here from the leading HIV Professionals in the UK who have witnessed many improvements, with the introduction of products such as Life Insurance. However, many people living with HIV still feel discriminated against when taking products such as mortgages”.

‘The effect of not being able to get Life Insurance for almost two decades has created a belief that people living with HIV are still not able to obtain mortgages. Although people living with HIV have quite specific requirements, it is in fact possible for them to obtain mortgages. We encourage people who have delayed their mortgage decisions to now look after their financial future’.

The Life Assurance terms being offered by insurance providers for people with HIV have gradually been improving over the last few years and one of the areas where there has been significant improvements is the length of policies offered, with the  majority of new policies now being offered for between 15 and 25 years which are more appropriate for mortgages applicants.

Mortgage providers are now less likely to make Life Assurance a condition of lending for people living with HIV, which in the past had been a major barrier for them when applying for Mortgages. There are many people who may have felt discriminated against by mortgage providers in the past, that should now consider buying their own home.

Unusual Risks are the UK’s leading financial advisers offering advice to clients living with HIV or Hepatitis on HIV Life Assurance, HIV Life Insurance, HIV Mortgages, Hepatitis C Life Assurance, Hepatitis C Life Insurance, Hepatitis C Mortgages.

They are also the UK’s leading experts at planning Life Assurance and Mortgages for HIV Positive Families and are able to assist HIV Positive people looking for advice on their Pensions and Investments.

For more information about these services please contact Unusual Risks Mortgage & Insurance Services by phone 0845 474 3075. Email Enquiries@unusualrisks.co.uk or visit us online at http://www.unusualrisks.co.uk/

 

Posted in Critical Illness Cover, Expatriate Life Insurance, HIV Finance, HIV Life Assurance, HIV Life Insurance, Unusual Risks | Comments closed

HIV Life Assurance & HIV Life Insurance & HIV Critical Illness Cover* – Part 1

The HIV Community seems to be heading into unchartered waters in regards to Life Insurance and advice recently? This week a client called my office after trying to buy Life Insurance from five different places, they had not had a good experience!

We couldn’t help expressing our frustration? “Why on earth would you approach a mainstream provider, who has zero knowledge of HIV and the medical issues faced by people living with HIV?”. There are specialist advisers with extensive knowledge on this subject.

Online Supermarkets & Mainstream Brokers

Our client had already approached two insurers directly, one of which doesn’t even offer HIV Life Assurance, along with an online supermarket and two mainstream brokers. None of which had any specialist detailed knowledge of HIV that could help them find life assurance.

Generally speaking most front line staff at major insurers will not be able to advise you, or will not be able to give you the likely eventual premium at point of sale. Online supermarkets do not even offer the product online and mainstream brokers will rarely come across people needing HIV Life Assurance.

It poses a serious question? Why would you approach any of these mainstream distribution routes for cover, when you are very unlikely to find the product you need? Especially when the UK’s leading financial adviser for people living HIV, is available to you without charging a direct cash fee?

Biography of Chris Morgan

Chris Morgan spent a decade campaigning for LGBT Rights and for the introduction of HIV Life Assurance between 1999 to 2009 and was part of the original working group that created the HIV Life Assurance products. His campaign directly resulted in the first Life Assurance products for people living with HIV being offered in 2009.

He has since dedicated his career to representing the LGBT and HIV Communities within the industry level for a further decade, co-writing the HIV and Insurance guidance used by the life assurance companies today and also the current consumer guide available in the market.

In total he’s been advising people living with HIV for 20 years, most of which has been specifically around Life Assurance and Life Insurance products. If you are considering trying to research this issue yourself, or considering approaching a mainstream broker, simply why would you when the countries leading expert is at your service?

Chris Morgan is the UK’s most experienced financial adviser for HIV related issues and with insurance providers remunerating financial advisers directly, it means you can get highly experienced, qualified, independent financial advice, free of charge – with a ZERO BROKER FEE on Life Insurance products!

There are several places you may consider to approach for specialist advice on HIV life assurance – but only one of those has actually worked for two decades on behalf of the HIV community and has created change within the financial services industry.

Important Note* Chris is still currently still campaigning for Income Protection and Critical Illness Cover, as these products are still unavailable for people living with HIV. In part 2 of this article soon to be released, he will share more information about the present situation in these areas.

Unusual Risks are the UK’s leading financial advisers offering advice to clients living with HIV or Hepatitis on HIV Life Assurance, HIV Life Insurance, HIV Mortgages, Hepatitis C Life Assurance, Hepatitis C Life Insurance, Hepatitis C Mortgages.

They are also the UK’s leading experts at planning Life Assurance and Mortgages for HIV Positive Families and are able to assist HIV Positive people looking for advice on their Pensions and Investments.

For more information about these services please contact Unusual Risks Mortgage & Insurance Services by phone 0845 474 3075. Email Enquiries@unusualrisks.co.uk or visit us online at http://www.unusualrisks.co.uk/

Posted in Critical Illness Cover, HIV Finance, HIV Life Assurance, HIV Life Insurance, HIV Mortgages, Income Protection, Unusual Risks | Comments closed

MONEY MATTERS COLUMN – SUMMER 2018 – HIV & FINANCE

Chris Morgan’s “MONEY MATTERS” HIV & Finance Column is now available online. His column now has a syndicated readership of 20,000 across HIV organisations in the UK.

This includes 3,500 printed, which we aim to grow to 5,000 every issue between now and the end of the year. Currently our printed publication is stocked by many outlets across the UK, including Terrence Higgins Trust, NAM Aidsmap and George House Trust.

The reason an ongoing HIV Finance Column is needed? and Hot Mortgage Topics – Right to Buy are this editions features  … 

MONEY MATTERS COLUMN – SUMMER 2018

We do have some printed copies left if you’re organisation would like to join our distribution list. Simply email us your organisations details below.

If you require more information on HIV Life Assurance, HIV Life Insurance or HIV Mortgages please contact our Unusual Risks Mortgage & Insurance Services by phone 0845 474 3075, or by email at enquiries@unusualrisks.co.uk and on the web

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Average HIV Life Assurance 2018 ……

Unusual Risks, the medical financial advisers have today published the results of their annual research into the average and Sum Assured of Life Assurance that HIV Positive men and women are insuring themselves for. Currently HIV Positive people who are taking out Life Assurance in the UK are insuring themselves for an average of £125,933.

In previous survey’s Unusual Risks have looked closely at the average term for a Life Assurance being taken out by someone living with HIV. The average term for policies taken out between 2009 and 2013 was only 10 years, where with policies taken between 2014 to 2018 it is now possible to obtain a term of between 15 and 25 years.

Chris Morgan, Lead Financial Adviser of Unusual Risks, Mortgage & Insurance Services said, 

‘The average sum assured has remained fairly stable for HIV Life Assurance over the last few years at between £125,000 and £130,000 as the products have become established and premiums have remained stable. This is due to there being several product providers that now offer Life Insurance to people living with HIV’

‘Due to the complex nature of the underwriting of HIV Life Assurance and the range of different policies, premiums and terms available it is advisable to seek specialist professional advice before taking out HIV Life Assurance. It is not a product that can be bought instantly and directly via online money and insurance websites’

The terms being offered by Life Assurance providers for people with HIV have gradually been improving over the last few years and one of the areas where there have been significant improvements has been the length of policies offered, with the majority of new policies now being offered for between 15 and 25 years in line with applicants Mortgages.

Unusual Risks always research the “Whole of Market” for each applicant and have market leading specialist knowledge that allows us to compare all HIV Life Assurance products. Mainstream brokers and Money websites simply do not have the necessary knowledge to give “Best Advice” in this field. Our lead financial advisers have been advising people living with HIV for almost two decades.

Unusual Risks are the UK’s leading financial advisers offering advice to clients living with HIV or Hepatitis on HIV Life Assurance, HIV Life Insurance, HIV Mortgages, Hepatitis C Life Assurance, Hepatitis C Life Insurance, Hepatitis C Mortgages.

They are also the UK’s leading experts at planning Life Assurance and Mortgages for HIV Positive Families and are able to assist HIV Positive people looking for advice on their Pensions and Investments.

For more information about these services please contact Unusual Risks Mortgage & Insurance Services by phone 0845 474 3075. Email Enquiries@unusualrisks.co.uk or visit us online at http://www.unusualrisks.co.uk/

Posted in Critical Illness Cover, HIV Finance, HIV Life Assurance, HIV Life Insurance, HIV Mortgages, Unusual Risks | Comments closed

HIV & INSURANCE SURVEY 2017 … HIV Life Insurance and HIV Life Assurance

Unusual Risks, the medical financial advisers are today announcing the results of their latest HIV Insurance Survey. After contacting all of the major Life Assurance providers in the UK, they can now report that 75% of insurers are now offering some form of HIV Life Assurance.

This is the seventh year that Unusual Risks have surveyed the availability of HIV Life Assurance in the UK, with the earliest survey result in 2011 indicating only 50% of insurance providers were offering any form of HIV Life Assurance.

This year, Unusual Risks are pleased to report steadily increasing numbers of Life Assurance Companies offering Life Insurance for HIV Positive people. Gradually over the last seven years more insurers have elected to offer HIV Life Assurance, which means more choice for HIV Positive consumers.

Speaking about their survey, Chris Morgan, Lead Financial Adviser of Unusual Risks said;

‘We recently surveyed the top twelve life assurance groups, who service brokers and were delighted to see that 75% of companies are now offering some form of Life Assurance to HIV Positive people. We are greatly encouraged that this figure continues to improve each year.

‘Having more Life Insurance products available to HIV Positive people is obviously a good thing, because this is now leading to improved terms for consumers. Unusual Risks are constantly liaising with product providers to improve the availability and standards of HIV Life Insurance.

‘We have recently been obtaining improved terms for policyholders who initially took polices between 2009 and 2013. Most of these policies were only for short 5 and 10 year terms, which can now be replaced with longer policies for up to 25 years’.

Unusual Risks have been touring the country throughout 2017, with their HIV & Finance Tour, raising awareness of financial issues for people living with HIV. The programme of free educational workshops are open to HIV professionals and Peer Support Mentors.

Their next regional dates are scheduled for East Midlands on the 11th January and Yorkshire on the 12th January. With further events set to follow in the North West and Scotland in the spring. To book tickets for these events visit www.unusual-risks.co.uk

If you would like the HIV & Finance Tour to visit your region, or would like your organisation to join the syndication of Chris Morgan’s HIV & Finance Column, which has now reached a readership of 17,300 charity please contact us by email enquiries@unusualrisks.co.uk

If you require more information on HIV Life Assurance, HIV Life Insurance or HIV Mortgages please contact Unusual Risks Mortgage & Insurance Services by phone 0845 474 3075, or by email at enquiries@unusualrisks.co.uk and on the web 

Posted in HIV Finance, HIV Life Assurance, HIV Life Insurance, HIV Mortgages, Uncategorized, Unusual Risks | Comments closed

HIV Life Assurance and HIV Mortgage Advice

Unusual Risks are the UK’s leading firm of financial advisers, dedicated to looking after people living with HIV. Our lead financial adviser Chris Morgan has been advising people with HIV for nearly 20 years. He led a 10 year campaign which resulted in the introduction of HIV Life Assurance for the HIV Community.

Earlier this year Chris Morgan and Unusual Risks consulted on the National Aids Trust – HIV & Finance Report ! Here are a few of the results from that report.

LIFE ASSURANCE

Even though Life Assurance and Life Insurance products have been available since 2009, it was recently reported by National Aids Trust in their HIV & Finance Report that 49% of people living with HIV thought Life Assurance was still unavailable to them and 60% of respondents to their survey had avoided applying for a financial product due to their HIV status. 35% knew or suspected they had been refused a financial product due to their health status.

MORTGAGES

Even though Mortgages have always been available to people living with HIV, it is our belief that the three statistics above have impacted hugely on the amount of people with HIV applying for mortgages and owning their own homes. Many people have delayed purchasing a property or applying for their Right to Buy their local authority home, because of the “Financial Exclusion” issues referred to in the National AIDS Trust Report.

COMPLEX MORTGAGES

Unusual Risks and Unusual Mortgages are here to help!

There are a number of reasons that someone may be unable to secure a mortgage on a property, health status is only one of them. Complex Mortgage situations can arise due to a variety of reasons. These are the main “Complex Mortgage” areas which we can offer our advice for people living with HIV. Here’s a list of mortgage situations that we are experienced at arranging to applicants.

Adverse Credit Mortgages, Buy to Let Mortgages, Complex Mortgages, Debt Consolidation, Expatriate Mortgages, Landlord Mortgages, Let to Buy Mortgages, Multiple Mortgages, Professional Mortgages, Re Mortgages, Right To Buy, Self Employed Mortgages.

We are especially experienced at assisting people to find mortgages with Arrears, Adverse Credit, Bankruptcy Defaults, County Court Judgement’s and Late Payments on their Credit Record. We offer a free “15 Minute Mortgage Assessment” without obligation, if you are unsure if you can secure a Mortgage.

Unusual Risks are the UK’s leading financial advisers offering advice to clients living with HIV or Hepatitis on HIV Life Assurance, HIV Life Insurance, HIV Mortgages, Hepatitis C Life Assurance, Hepatitis C Life Insurance, Hepatitis C Mortgages.

They are also the UK’s leading experts at planning Life Assurance and Mortgages for HIV Positive Families and are able to assist HIV Positive people looking for advice on their Pensions and Investments.

For more information about these services please contact Unusual Risks Mortgage & Insurance Services by phone 0845 474 3075. Email Enquiries@unusualrisks.co.uk or visit us online at http://www.unusualrisks.co.uk/

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Chris Morgan’s HIV & FINANCE Column Relaunched …

SYNDICATION READERSHIP HITS 12,300 …

Chris Morgan’s finance column has in the past been hosted by AXM, Gay Times, Pink Paper, Attitude, Bent Magazines, Positive Nation and most recently Baseline Magazine. Sadly Baseline Magazine is now no longer printed so Chris has decided to continue writing and offer his column for syndication to HIV charities and organisations across the UK.

The quarterly column is now available for use for newsletters, websites, blogs or magazines free of charge and can be accessed by contacting Chris Morgan by email chris@compassindependent.co.uk The syndication of the column will mean that people living with HIV will still be able to access free financial advice in written format.

To read his latest re-launch columns follow these links

HIV & FINANCE COLUMN – SPRING 2017 http://unusual-risks.co.uk/?page_id=770

HIV & FINANCE COLUMN – SUMMER 2017 http://unusual-risks.co.uk/?page_id=774

If you require more information on HIV Life Assurance, HIV Life Insurance or HIV Mortgages please contact Unusual Risks Mortgage & Insurance Services by phone 0845 474 3075, or by email at enquiries@unusualrisks.co.uk and on the web 

Posted in HIV Finance, HIV Life Assurance, HIV Life Insurance, HIV Mortgages, Unusual Risks | Comments closed