HIV Life Insurance & Life Assurance – Latest News – July 2020

Unusual Risks have been in the press recently , following our recent research into the availibility of Life Insurance for People Living with HIV.

You can read the news story here. Thank you to Nam Aidsmap for covering this important story.

https://www.aidsmap.com/news/jun-2020/significant-reduction-availability-life-insurance-people-hiv-due-covid-19-pandemic

Life Insurance & Life Assurance – “We are able to help!”

We are the UK’s leading HIV Life Insurance and HIV Life Assurance Specialists, helping people to find cover, even when they have been declined for insurance elsewhere.

Unusual Risks are specialists at finding “Inclusive” cover, that does not have any exclusions. It is very important that any Life Insurance that you take out is HIV inclusive and we believe in full equality for people living with HIV.

Key Statistics From Unusual Risks Research – June 2020

  • “Only 13% of High Street Life Insurers, Banks and Building Societies are currently offering Life Insurance or Life Assurance to People With HIV”.
  • “0% of High Street Banks and Building Societies are currently offering any Life Insurance to People with HIV. 18 of the 18 High Street Banks surveyed do not offer cover to people with HIV”.
  • “0% of High Street Street Life Insurers, Banks and Building Societies currently offer Income Protection or Critical Illness Cover to people living with HIV”.

If you are offered Income Protection or Critical Illness Cover by a mainstream Insurance Broker, be certain to read the terms and Conditions. It is very important to check if they are offering you short term cover, with exclusions written into the contract for HIV.

If the policy does have exclusions, then it is unlikely to pay out in the event of a claim. Unusual Risks would like to see “full equality” for the HIV Community, with Income Protection and Critical Illness Cover being fully inclusive, without exclusions – keeping checking back for latest news.

Adviser Biography “Know Your Financial Adviser!”

Chris Morgan is the UK’s leading specialist financial adviser for People Living with HIV. He has been advising PLHIV for over two decades. Many people will know his Finance Columns in the former Baseline Magazine.

Chris led a decade long campaign to secure Life Insurance Equality for the HIV Community. If you are looking for Life Insurance or Life Assurance he can be contacted here enquiries@unusualrisks.co.uk

You can read his full Biography here …

HIV Life Insurance Consumer Guide – Co-written By Chris Morgan

Chris is a consultant to the Association of British Insurers, medical underwriting committee. He co-wrote their HIV and Life Insurance Guidelines for Insurers and the Consumer Guide “HIV and Life Insurance”.

He is still campaigning within the Insurance Industry on behalf of the HIV Community to secure full equality with Income Protection and Critical Illness Cover. Check back for more news on this soon.

You can read the ABI Consumer Guide Here

https://www.abi.org.uk/globalassets/sitecore/files/documents/publications/public/2016/hiv-and-insurance/hiv-and-insurance-guide.pdf

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 web www.unusualrisks.co.uk

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

HIV Life Insurance & HIV Life Assurance – Product Provider Survey … June 2020

Over the last 10 weeks it has become apparent that many Life Insurance Companies are restricting the availability of Life Insurance to people living with HIV. This means that many people are being declined for insurance cover through “Mainstream” brokers, life insurers, banks and building societies, who are perfectly eligible for Life Insurance.

Key Statistics From Unusual Risks Research – June 2020

  • “Only 13% of High Street Life Insurers, Banks and Building Societies are currently offering Life Insurance or Life Assurance to People With HIV”.
  • “0% of High Street Banks and Building Societies are currently offering any Life Insurance to People with HIV. 18 of the 18 High Street Banks surveyed do not offer cover to people with HIV”
  • “0% of High Street Street Life Insurers, Banks and Building Societies currently offer Income Protection or Critical Illness Cover to people living with HIV”

Those living with HIV who are seeking Life Insurance are advised to seek specialist financial advice before committing to taking cover.

During the last ten weeks since commencement of Lockdown we have proudly been able to assist many Key Workers, NHS Staff, Doctors and Nurses to review their Protection arrangements. We have been working hard to secure Life Insurance products for people living with HIV with both insurers and re-insurers.

We intend to review the latest research statistics periodically and will keep everyone informed of any developments.

Full Press Release – June 2020

Unusual Risks, financial advisers to the HIV Community are today announcing the results of their HIV Life Insurance Survey. After contacting all major Life Assurance providers and Banks and Building Societies in the UK, they can now report a significant reduction in availability as only 13%* of financial institutions are currently offering some form of HIV Life Assurance.

This is a significant reduction from the 70%* recorded in last year’s survey and 90%* that they noted earlier this year. This is the eleventh year that Unusual Risks have surveyed the availability of HIV Life Assurance products in the UK, with the first ever survey in 2009 indicating less than 50%* of insurance providers were offering any form of HIV Life Assurance. 

The sudden reduction in the availability of HIV Life Insurance is due to the present economic impact caused by Coronavirus and COVID-19. Those living with HIV seeking Life Insurance are advised to seek specialist financial advice before committing to taking cover, as there are currently rapid changes to the product criteria and premium rates on a daily basis.

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

‘We recently surveyed the top twelve life assurance groups and were disappointed to see that only 33%* of companies are now offering some form of Life Assurance to HIV Positive people. This is certainly a backward step that takes us back to the earliest days of the launch of HIV Life Assurance products in 2009’.

‘Within the survey we also assessed the number of high street banks and building societies currently offering Life Insurance to People Living With HIV. Currently 0%* of Banks and Building Societies offer any Life Insurance to People with HIV. Overall only 13%* of Life Insurance Companies and Banks and Building Societies currently have Life Insurance products available to people with HIV.’

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. They are still currently able to place Life Insurance for people living with HIV at competitive premiums.

Although Life Insurance has been available for over a decade for People living with HIV, Income Protection and Critical Illness Cover is still unavailable. 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 and will continue to work on behalf of the community to secure better products.

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

HIV Life Assurance & HIV Life Insurance – Average Sum Assured 2020

Unusual Risks, Financial Advisers to the HIV Community have today published the results of their annual research into the Average 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 £153,549. 

This figure is an increase on the previous running amount of £140,516, but more significantly the most recent 12 months average sum assured is now £220,466. The reasons for the 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 decade. However, this has improved significantly in the last two years, due to more competitive premiums and better terms being made available to consumers. It is vitality important that consumers are aware that they can now cover themselves for larger sums at low premium rates’.

‘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. This is a very useful improvement as it is more in line with the length of a standard mortgage’.

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.

Although Life Insurance has been available for over a decade for People living with HIV, Income Protection and Critical Illness Cover is still unavailable. 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. They have recently relaunched their IPP & CIC campaign and have re-entered discussions with leading industry figures over this issue.

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

Positive Finance 4 – HIV Life Insurance, Life Assurance, Income Protection, Critical Illness Cover …

“Specialist Knowledge” By Chris Morgan 

Ever since I became an Independent Financial Adviser in 1999, I’ve tried to use my specialist knowledge of the LGBT and HIV Communities to benefit those that may feel excluded by the Insurance Industry from protecting their basic financial needs. 

My first campaign was related to the treatment of gay men by the Life Insurance companies (mainly due to HIV risk), which was resolved in 2005, with the removal of discriminatory questions on Life Insurance applications. (The Gay Question).

Immediately following this then came my campaign to secure Life Insurance for people living with HIV, which then resulted in the introduction of products in 2009. Ten years on from this people with HIV are still excluded from Income Protection and Critical Illness Cover … 

In my opinion (“A decade is long enough”!)

You can read my Career Biography here …

Adviser Career Biography – Chris Morgan

Life Insurance & Life Assurance case Example, Adanna, Aged 35, Community Support Worker …

Recently I met an existing client that wanted to renew their Life Insurance policy that they started with my advice eight years ago. During the meeting they also asked me if I was now able to arrange some Income Protection in case they were sick from work?

Adanna asked …

“Since my diagnosis I’ve often wondered what would happen if I was unable to work due sickness or an accident? I have my mortgage covered for Life Insurance, but have since not been able to take any cover for my income in case of sickness or accident.”

It is true that we are unable to provide Income Protection and Critical Illness Cover for Adanna at this moment because there is not any suitable products currently available for people living with HIV. However, we were able to renew her Life Insurance policy for a longer term and an increased the level of cover for the full amount of her mortgage.

Income Protection and Critical Illness Cover Campaign – (“A Decade Is Long Enough”!)

We are talking to various product providers and leading industry figures on this issue and will keep you informed of developments through my Positive Finance column. I’m fully aware that it took over a decade to encourage Insurers to introduce HIV Life Insurance and HIV Life Assurance, so “IPP & CIC” is not going to be an easy task.

Over the coming weeks, I will be re-visiting our past research in this area and invite you all to participate in the campaign to secure Income Protection and Critical Illness Cover for people living with HIV. We are determined that these products should be fully inclusive products, without exclusions within their terms and conditions. (“A decade is long enough”!)

Other Medical Conditions

Throughout my career I’ve assisted many other people with medical conditions that are not directly HIV related, many of these Health Conditions I would consider to be “Private Medical” conditions. You will find a list of medical conditions that we can advise here http://unusual-risks.co.uk/?page_id=996

Chris Morgan was a consultant to the Association of British Insurers medical underwriting committee for over 15 years in relation to HIV and other private medical conditions. He has been advising clients in regards to their protection needs for over 30 years and is the UK’s Leading “HIV and Medical” financial adviser.

His Career Biography can be viewed here http://unusual-risks.co.uk/?page_id=980  If you need any information about “Inclusive Insurance” for any medical condition or are a medical professional with a patient or client that needs advice, then you can call us on 0845 474 3075 or email us at  Enquiries@unusualrisks.co.uk or at our website www.unusualrisks.co.uk

Unusual Risks are specialists at finding inclusive Life Insurance, Critical Illness Cover and Income Protection for people with complex medical situations. As the UK’s Leading Specialist “HIV and Medical” Financial Advisers, we understand the importance of Confidentiality, Discretion and Privacy in regards to medical information.

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

Positive Finance 3 – HIV Life Insurance, HIV Life Assurance, Income Protection, Critical Illness Cover …

“Multiple Disclosures” By Chris Morgan

One of the biggest concerns that I hear time and time again from consumers looking for HIV Life Assurance and HIV Life Insurance, is about the handling of their medical information. We meet many people who prefer to speak with just one insurance broker instead of twenty Life Insurance companies.

According to our recent research there is only a 1 in 20 chance of finding the best premium and product for HIV Life Insurance. This includes online supermarkets and high street banks. The reason for this is that HIV Life Assurance is still very complicated to underwrite and some products providers charge up to 371% more than others for the product.

The answer is to approach a specialist financial adviser like Unusual Risks who can do all of the research for you. This would mean only disclosing once to an expert financial adviser, instead of multiple disclosures to Life Insurance Companies. We are specialists at finding the best financial products for people living with HIV.

You can read my career biography here …

Life Insurance & Life Assurance Case Example, Enid, Aged 48, Mental Health Nurse …

Enid approached me because she had been looking for HIV life Insurance and HIV Life Assurance, without a great deal of success. After approaching several companies, she was concerned about having to disclose her medical and personal information many times.

“Every time I speak with a new Life Insurance company, I have to disclose all my medical details over again. It is very frustrating and it is causing me stress and concern. I have had so many negative experiences, I’m not certain I’m even eligible for Life Insurance”.

Firstly we were able to confirm with Enid within a few minutes that she was indeed insurable and she was in fact approaching companies that still did not offer Life Insurance to people with HIV. We were then able to find her a suitable product at the lowest possible premium in the market.

We are specialists at finding Inclusive Life Insurance and Life Assurance protection to people living with HIV …

Income Protection and Critical Illness Cover Campaign – (“A Decade Is Long Enough!)

We are talking to various product providers and leading industry figures on this issue and will keep you informed of developments through my Positive Finance column. I’m fully aware that it took over a decade to encourage Insurers to introduce HIV Life Insurance and HIV Life Assurance, so “IPP & CIC” is not going to be an easy task.

Over the coming weeks, I will be re-visiting our past research in this area and invite you all to participate in the campaign to secure Income Protection and Critical Illness Cover for people living with HIV. We are determined that these products should be fully inclusive products, without exclusions within their terms and conditions. (“A decade is long enough”!)

Other Medical Conditions

Throughout my career I’ve assisted many other people with medical conditions that are not directly HIV related, many of these Health Conditions I would consider to be “Private Medical” conditions. You will find a list of medical conditions that we can advise here http://unusual-risks.co.uk/?page_id=996

Chris Morgan was a consultant to the Association of British Insurers medical underwriting committee for over 15 years in relation to HIV and other private medical conditions. He has been advising clients in regards to their protection needs for over 30 years and is the UK’s Leading “HIV and Medical” financial adviser.

His Career Biography can be viewed here http://unusual-risks.co.uk/?page_id=980  If you need any information about “Inclusive Insurance” for any medical condition or are a medical professional with a patient or client that needs advice, then you can call us on 0845 474 3075 or email us at  Enquiries@unusualrisks.co.uk  or at our website www.unusualrisks.co.uk

Unusual Risks are specialists at finding inclusive Life Insurance, Critical Illness Cover and Income Protection for people with complex medical situations. As the UK’s Leading Specialist “HIV and Medical” Financial Advisers, we understand the importance of Confidentiality, Discretion and Privacy in regards to medical information.

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

Positive Finance Edition 2 – HIV Life Insurance, HIV Life Assurance, Income Protection, Critical Illness Cover …

“Privacy & Disclosure”! by Chris Morgan

Life Insurance was introduced for people living with HIV over a decade ago and as mentioned in my previous column, the Insurance Industry is still yet to offer Income Protection and Critical Illness Cover. Unusual Risks are at the forefront of campaigning for change in this complicated area.

Within our role covering people for Life Insurance and Life Assurance we believe we also have a responsibility to represent the HIV Community by raising this outstanding issue within the Insurance Industry. We currently are in discussions with several leading industry figures over these matters.

Every week people contact my office for HIV Life Insurance and HIV Life Assurance and they also ask for Income Protection and Critical Illness Cover. Life Insurance products are HIV inclusive and currently “IPP & CIC” exclude HIV, which we are working towards changing.

You can read my Career Biography here …

Life Insurance & Life Assurance Case Example, Lencho, Aged 47, School Teacher …

Lencho approached us for Life Insurance or Life Assurance, to protect his family. He had already spoken to another financial adviser and had been turned down for cover elsewhere. Ironically the Insurance Company he had been introduced to did not even offer cover to people with HIV. He was concerned about his privacy and the disclosures he had made.

Lencho Explained ..

“The financial adviser that arranged my mortgage was insistent we also needed Life Insurance and it could be arranged very easily. I was very concerned when he asked me questions about HIV. He took me by surprise and I regret disclosing my HIV status to him”.

Unusual Risks will only submit a formal application to a Life Insurance Company once we have a clear indication that they will offer terms. We take our clients disclosures and privacy very seriously and avoid any predictable adverse situations like the one encountered by Lencho.

We are specialists at finding Inclusive Life Insurance and Life Assurance protection to people living with HIV …

Income Protection and Critical Illness Cover Campaign – (“A Decade Is Long Enough!)

We are talking to various product providers and leading industry figures on this issue and will keep you informed of developments through my Positive Finance column. I’m fully aware that it took over a decade to encourage Insurers to introduce HIV Life Insurance and HIV Life Assurance, so “IPP & CIC” is not going to be an easy task.

Over the coming weeks, I will be re-visiting our past research in this area and invite you all to participate in the campaign to secure Income Protection and Critical Illness Cover for people living with HIV. We are determined that these products should be fully inclusive products, without exclusions within their terms and conditions. (“A decade is long enough”!)

Other Medical Conditions

Throughout my career I’ve assisted many other people with medical conditions that are not directly HIV related, many of these Health Conditions I would consider to be “Private Medical” conditions. You will find a list of medical conditions that we can advise here http://unusual-risks.co.uk/?page_id=996

Chris Morgan was a consultant to the Association of British Insurers medical underwriting committee for over 15 years in relation to HIV and other private medical conditions. He has been advising clients in regards to their protection needs for over 30 years and is the UK’s Leading “HIV and Medical” financial adviser.

His Career Biography can be viewed here http://unusual-risks.co.uk/?page_id=980  If you need any information about “Inclusive Insurance” for any medical condition or are a medical professional with a patient or client that needs advice, then you can call us on 0845 474 3075 or email us at  Enquiries@unusualrisks.co.uk  or at our website www.unusualrisks.co.uk

Unusual Risks are specialists at finding inclusive Life Insurance, Critical Illness Cover and Income Protection for people with complex medical situations. As the UK’s Leading Specialist “HIV and Medical” Financial Advisers, we understand the importance of Confidentiality, Discretion and Privacy in regards to medical information.

Edit

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

Positive Finance Edition 1 – HIV Life Insurance, Life Assurance, Income Protection, Critical Illness Cover …

“A Decade Is Long Enough”! By Chris Morgan

I still get many comments about how my regular weekly and monthly resident columns are missed from Pink Paper, Positive Finance and Baseline Magazines. I’ve been writing for national press and media regarding LGBT and HIV financial issues for 20 years, which is of course as long as my financial practices have been serving their respective communities.

What makes those reactions so special for me is where they all share with me how they have benefitted from my advice and have been empowered to look after their financial future, whether buying homes or protecting their families. My work since 2009 has been focused on assisting people living with HIV and ending discrimination towards HIV Positive people within the insurance industry.

The repression of HIV people was so bad that I realised those issues needed my full attention. Over the last decade, I have co-written the industry best practice, written the consumer guide and represented the HIV Community in the working group that created HIV Life Insurance and HIV Life Assurance and watched over the development of products.

You can read my Career Biography here …

Life Insurance & Life Assurance Case Example, Alfonso, Aged 45, NHS Support Worker …

Alfonso approached me looking for advice around Life Insurance and Life Assurance, because he was taking a mortgage through his bank. The mortgage lender had given him the impression that Insurance was a condition of the mortgage borrowing, which concerned him because of his HIV Status. He preferred not to answer questions about this at his local branch.

Alfonso explained …

“I really did not wish to share my HIV Status with the bank and would prefer to keep any Life Insurance policy separate to the mortgage. They also were very keen to offer me Income Protection and Critical Illness, but they were unaware of my HIV Status, I just did not feel comfortable answering their questions on their application”.

We were able to confirm to Alfonso that Life Insurance and Life Assurance was not a condition of lending, but due to Alfonso’s circumstances with his family, it was probably a good idea to have some Life Insurance in place. We were also able to confirm that even though Life Insurance has been available to people living with HIV for a decade, Income Protection and Critical Illness is still unavailable.

Income Protection and Critical Illness Cover Campaign – (“A Decade Is Long Enough!)

We are already talking to various product providers and leading industry figures on this issue and will keep you informed of developments through my Positive Finance column. I’m fully aware that it took over a decade to encourage Insurers to introduce HIV Life Insurance and HIV Life Assurance, so IPP & CIC is not going to be an easy task.

Over the coming weeks I will be re-visiting our past research in this area and invite you all to participate in the campaign to secure Income Protection and Critical Illness Cover for people living with HIV. We are determined that these products should be fully inclusive products, without exclusions within their terms and conditions. (“A decade is long enough”!)

Other Medical Conditions

Throughout my career I’ve assisted many other people with medical conditions that are not directly HIV related, many of these Health Conditions I would consider to be “Private Medical” conditions. You will find a list of medical conditions that we can advise here http://unusual-risks.co.uk/?page_id=996

Chris Morgan was a consultant to the Association of British Insurers medical underwriting committee for over 15 years in relation to HIV and other private medical conditions. He has been advising clients in regards to their protection needs for over 30 years and is the UK’s Leading “HIV and Medical” financial adviser.

His Career Biography can be viewed here http://unusual-risks.co.uk/?page_id=980  If you need any information about “Inclusive Insurance” for any medical condition or are a medical professional with a patient or client that needs advice, then you can call us on 0845 474 3075 or email us at Enquiries@unusualrisks.co.uk or at our website www.unusualrisks.co.uk

Unusual Risks are specialists at finding inclusive Life Insurance, Critical Illness Cover and Income Protection for people with complex medical situations. As the UK’s Leading Specialist “HIV and Medical” Financial Advisers, we understand the importance of Confidentiality, Discretion and Privacy in regards to medical information.

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

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.

You can view Chris Morgan’s Full Career Biography here …

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.

You views Chris Morgan’s Full Career Biography here …

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

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