HIV Life Insurance, Critical Illness Cover, Income Protection Guide – “Better Than Best Advice”

Unusual Risks the Medical Financial Advisers and our lead financial adviser Chris Morgan having been serving the HIV Community for over 20 years. During this time Chris was the person that campaigned and secured Life Insurance products for people living with HIV …..

Better Than Best Advice

“Better than best advice” is where there is a financial services product available to a client, but just because it is available, it does not mean it should be offered – especially if the terms and conditions are not favorable to the applicant and the only reason for the recommendation is financial gain by the financial adviser.

It has come to our attention that a certain mainstream financial adviser is advertising and offering Income Protection to people living with HIV, even though the product offered has specific exclusions for chronic medical conditions with symptoms during the last 12 months. (HIV is specifically excluded for payment of benefits within the policy).

Beware of Unsuitable Products

We are absolutely shocked that this adviser is offering a product that is completely unsuitable for people living with HIV, as it automatically excludes people living with HIV. We are also disgusted that they make reference to HIV Positive people as “Sufferers” on their website and have little experience of advising people living with HIV.

Unusual Risks continue to offer “Inclusive” Life Insurance to the HIV Community and are also continuing to campaign for the introduction of Income Protection and Critical Illness Cover. We are about to enter discussions once again with leading Insurance Industry figures over these issues and will continue to post updates throughout 2020.

No financial adviser in the UK has more knowledge of HIV Life Assurance, Income Protection and Critical Illness Cover matters than Chris Morgan our lead financial adviser. We are the UK’s most experienced financial advisers looking after 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. *Please note Income Protection and Critical Illness is not currently available to people living with HIV.

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/web www.unusualrisks.co.uk

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

HIV Life Insurance, Critical Illness Cover, Income Protection Guide – “Best Premium Comparison”

Unusual Risks the Medical Financial Advisers and our lead financial adviser Chris Morgan having been serving the HIV Community for over 20 years. During this time Chris was the person that campaigned and secured Life Insurance products for people living with HIV …..

Best Premium Comparison

Over the last decade there have been several “generations” of HIV Life Insurance products, with the latest being the fairest and best premiums ever available to the consumer. The 10th Anniversary of HIV life Insurance has seen the introduction of many new products and providers.

These changes have been wonderful for the HIV community in general, however it has become apparent that many people are still simply buying the wrong product or being recommended the wrong product by mainstreams brokers, who do not know about this complicated subject.

The Cost of Getting the Wrong Product

We have met scores of clients recently who have been offered either the wrong product by their financial adviser, or have approached the wrong company themselves for Insurance. You have a 1 in 20 chance of finding the best product, so why on earth would you not take advice from the HIV Communities leading specialist financial adviser?

Our latest “Premium Comparison” survey takes into account all Insurance Comparison websites, Banks Building Societies and Insurance Companies. With one recent client case the difference between the cheapest and most expensive premiums equated to a huge 371% difference for a client applying for £230,000 of cover, was quoted at being between £33 and £123 per month.

Unsuitable Providers & Products

We have also seen a trend of clients who have tried to apply to companies directly, who do not even offer Life Insurance, Income Protection* or Critical Illness Cover* for people living with HIV – which is a huge waste of time for all parties involved.

It simply does not make sense trying to find Life Insurance Cover yourself, when you can secure the lowest Life Insurance premiums through a specialist HIV Insurance Broker with over 20 years experience in looking after people living with HIV.

No financial adviser in the UK has more knowledge of HIV Life Assurance, Income Protection and Critical Illness Cover than Chris Morgan our lead financial adviser. We are the UK’s most experienced financial advisers looking after 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. *Please note Income Protection and Critical Illness is not currently available to people living with HIV.

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/web www.unusualrisks.co.uk

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

HIV Life Assurance – HIV Life Insurance – Ten Year Anniversary – Product Providers

Unusual Risks, financial advisers to the HIV Community 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 70% of insurers are now offering some form of HIV Life Assurance, which is a slight reduction from 75% recorded in last year’s survey.

This is the tenth year that Unusual Risks have surveyed the availability of HIV Life Assurance products in the UK, with the earliest survey results indicating less than 50% of insurance providers were offering any form of HIV Life Assurance.  The reason for the change in the figures is that there has been some consolidation of providers within the market.

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

‘We recently surveyed the top ten life assurance groups, who service brokers and were delighted to see that 70% of companies are now offering some form of Life Assurance to HIV Positive people. We are greatly encouraged that this figure remains stable., especially after 10 years of products being available’.

In our survey published earlier this year we were able to report an improvement in the average amount of Life Assurance being taken by consumers at £223,372 in the last 12 months, which was a significant increase on the previous rolling figure of £140,516. This is due to significantly improved monthly premiums and the length of policies that are now available.’

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.

We would encourage holders of existing Life Assurance plans to contact us for a review to see if their policy can be improved, either by reducing the premium, or by improving the length of the policy. 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.

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/

web www.unusualrisks.co.uk

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

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/

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

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

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