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

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

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/

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

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

Announcing The HIV & Finance Tour 2 ………

Chris Morgan and Unusual Risks are very proud to announce the UK’s HIV & Finance Tour is to continue with new regional dates scheduled for Northern Ireland, South Coast, East Midland and Yorkshire.

They are continuing their programme of free HIV and Finance Educational Workshops which are designed to provide training for professionals and peer mentors who work with people living with HIV. These latest regional workshops will be taking place in Belfast, Bournemouth, Nottingham and Leeds.

Speaking about the HIV & Finance Tour 2, Chris Morgan Said,

I’m very excited to be once again touring the UK with the HIV & Finance Workshops, offering HIV Professionals and Peer Mentors an opportunity to learn more about the financial issues facing their clients and financial products available to their service users’.

Chris Continued …

‘We are extremely grateful to organisations such as Terrence Higgins Trust, Positive Life NI, Body Positive Dorset and BHA Leeds Skyline for their assistance with organising and hosting the tour and in particular THT Direct and THT Health, Wealth & Happiness Project, who worked closely with us in the creation of the original workshop tour.

The workshops feature a presentation from Chris Morgan the UK’s leading financial adviser on HIV Finance Issues, plus group discussions and question & answer sessions. The workshop will offer free training and a chance for delegates to share experiences.

These are some of the topics included in the workshop

  • Exclusion of people living with HIV by the UK Finance Industry
  • Current position HIV and Life Insurance (HIV and Life Insurance Consumer Guide)
  • Financial Planning for over 50’s living with HIV (Whole of Life Assurance)
  • Current position HIV and Mortgages (Issues Faced by people living with HIV applying for mortgages)
  • Other Financial Products for people living with HIV (Pensions, Income Protection, Critical Illness Cover )

We are now inviting HIV Professionals and Peer Mentors to register for the Workshops by using the links enclosed below. The HIV & Finance Tour has already visited Bristol, Cardiff, Brighton, London, Birmingham and Manchester.

UK Tour Venues & Registration Links

The HIV & Finance Tour will be happening across the following regional venues in 2017 and early 2018.

Northern Ireland Regional – Hosted with Positive Life Belfast

https://www.eventbrite.co.uk/e/hiv-finance-tour-2-northern-ireland-tickets-35688150218

South Coast Regional – Hosted with Body Positive Bournemouth

https://www.eventbrite.co.uk/e/hiv-finance-tour-2-south-coast-tickets-35688319725

East Midlands Regional – Hosted with Terrence Higgins Trust Nottingham

https://www.eventbrite.co.uk/e/hiv-finance-tour-2-east-midlands-tickets-35688407989

Yorkshire Regional – Hosted with BHA Leeds Skyline

https://www.eventbrite.co.uk/e/hiv-finance-tour-2-yorkshire-tickets-35688653724

There are plans to take the HIV& Finance tour to more regional venues across the UK such as Scotland, North West and North East of England.

If your organisation would be interested in hosting a HIV & Finance Workshop, please contact Chris Morgan 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, Unusual Risks | Comments closed

NATIONAL AIDS TRUST – ACCESS TO FINANCIAL PRODUCTS FOR PEOPLE LIVING WITH HIV

Unusual Risks are very proud to have consulted on this important ground breaking report. There are many statistics and references to our work throughout the report, which can be read in full here …

http://www.nat.org.uk/publication/hiv-and-finance-2017

STATEMENT REGARDING NATIONAL AIDS TRUST – ACCESS TO FINANCIAL PRODUCTS FOR PEOPLE LIVING WITH HIV 

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

“We welcome any initiative that helps to raise awareness of accessibility of financial products within the HIV Community. We are very pleased to have been consulted and be supporting this extensive report from National AIDS Trust. This is the first time that a HIV organisation based in England has looked at financial issues.”

“Our lead financial adviser Chris Morgan has been campaigning around these issues for nearly two decades and we also believe there is still a great amount work left to do in securing equality for people living with HIV. Several of the “Key Findings” of the report have similarities to some of our previously published research”.

“For example, only 51% of survey respondents thought that Life Insurance is available to people living with HIV, despite it being available since its launch in 2009 . This shows there is still a great amount of work to be done to raise awareness of financial products amongst people living with HIV”.

“We also note the concerns that respondents had in the report over disclosures relating to their medical information. Unusual Risks have great experience in protecting a person’s medical information and their confidentiality. We realise how important this issue is within the HIV Community”.

“Chris Morgan led the campaign that secured Life Assurance for people living with HIV in 2009 and  there are still many products that are inaccessible to people living HIV such as Income Protection and Critical Illness Cover (IPP & CIC). We continue to encourage the Association of British Insurers to make IPP & CIC available to people living with HIV”.

“We really do hope that any extra awareness created by this report will encourage people living with HIV to look after their financial future and seek advice from a firm specialising in advice for people living with HIV . Unusual Risks are committed to representing the HIV community within the financial services industry”.

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

Average HIV Life Assurance Term & Sum Assured …

Unusual Risks have today published their latest press release .. people taking HIV Life Assurance between 2009 and 2013 should review their policies …

Unusual Risks, the medical financial advisers have today published the results of their annual research into the average Term 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 £129,704.

In this year’s survey 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 is only 10 years, where policies taken from 2014 to 2017 this increases dramatically to 19 years, with the longest recorded at 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 around the £130,000 mark as the products have become established and premiums have remained stable. We are delighted that Life Assurance has become so readily available for so many people living with HIV’.

‘In this year’s survey we decided to turn our attention to the average term of HIV Life Assurance and especially those people that between 2009 and 2013 would have taken shorter term contracts of between 5 and 10 years. There are now many more product options in the market and dependent on their current medical information, these people may now be able to secure a longer policy.’

The terms being offered by Life Assurance providers for people with HIV have gradually been improving over the last eight 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.

Unusual Risks always advise clients living with HIV to secure the longest term possible when taking their life insurance policy, in case their health circumstances change. If policy holders have short term cover that started with only a 5 or 10 year term, then they should now be reviewing their Life Insurance and seeing if Unusual Risks can secure them a better policy.

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