HIV Life Insurance & HIV Income Protection Column – Edition 1

What are the options available for HIV positive people for Life Insurance?

Following our latest news release reporting that only 37% of people living with HIV have Life Insurance, we look at at the reasons why this is the case, plus also how Unusual Risks may be of assistance to those seeking Life Insurance Cover & Income Protection. (See Edition 2 for details of Income Protection)

Are you aware that people living with HIV are now able to apply for a Life Insurance term of 30 years through Unusual Risks?

What are the reasons that people are DECLINED FOR HIV LIFE INSURANCE?

Every week we meet many people living with HIV who have been declined for Life Insurance elsewhere. This can be through their high street bank, mainstream financial adviser or directly through a life insurance company – mostly this is without any reasonable explanation.

HIV Life Insurance is Difficult to obtain – 50% of applicants are Declined

The reason that only 37% of people living with HIV currently have some form life insurance is that the decline rate for applications is running at around 50% through the banks, financial advisers and insurance companies. This has been the case since the beginning of lockdown in 2020.

Limited Product AvailabilityNot All Providers Offer Cover

Recently Life Insurance Companies have been limiting the amount of Life Insurance they underwrite and this has led to limited availability of life insurance for people living with HIV. We have been working very hard with re-insurers to resolve this issue and we do have providers willing to help.

Aviva v AIG MergerLess Providers Offering Cover

The recent merger of Aviva Life Insurance and AIG Life Insurance means an insurer who was writing significant amounts of HIV Life Insurance through major banks has now been removed. Aviva are very much the senior partner in this merger and their underwriting will take preference over AIG’s.

Multiple Medical Condition – Positive News

On a positive note, we are very proud that after 15 years of campaigning, we are making significant progress in writing life insurance for people living with HIV who have other pre-existing medical conditions such as Hepatitis C, Hepatitis C, Diabetes, Tuberculosis, Syphilis and Mental Health.

High Success Rate Finding HIV Life Insurance

We have a very high success rate of finding Life Insurance for people living with HIV, even if they have been declined elsewhere. In fact we guarantee that we are able to find some form of Life Insurance for anyone aged between 18 and 64 years of age.

Life Insurance Cover – Guaranteed acceptance

Should an applicant not qualify for mainstream life insurance due to their pre-existing medical conditions, we are able to access a product without any medical evidence. The insurer involved provides Life Insurance for people between the ages of 18 and 64 with guaranteed acceptance.

Who are Unusual Risks?

We are the UK’s leading specialists at placing HIV Life Insurance and HIV Life Assurance. Chris Morgan, our lead financial adviser, led a decade long campaign to secure Life Insurance for the HIV Community and has been advising the HIV Community for over twenty four years.

He was responsible for the removal of the “Gay Question” from Life Insurance policies in 2005 and was part of the working group that designed and introduced HIV life Insurance products in 2009. More recently, in 2017, Chris has co-written the Industry best practice and consumer guide.

Currently Chris is campaigning for equality with regards to Life Insurance, Income Protection and Critical Illness Cover for the HIV Community. He is a well known advocate, activist and campaigner on Insurance issues, who undertakes regular speaking engagements on HIV Insurance issues.

He has recently succeeded in securing Co-Risk Life Insurance products for the HIV Community, which means that people who have been declined for cover for over two decades can now apply for Life Insurance Cover.

Unusual Risks Community Signposts

You can read more about HIV Life Insurance & HIV Life Assurance Here at our useful guide …

HIV Insurance – Part 1 – The Unusual Risks Guide to HIV Life Insurance, HIV Life Assurance, HIV Mortgage Life Insurance, HIV Whole of Life Assurance

HIV Insurance – Part 1 – The Unusual Risks Guide to HIV Life Insurance, HIV Life Assurance, HIV Mortgage Life Insurance, HIV Whole of Life Assurance

You can read more about HIV Income Protection & HIV Critical Illness Cover here at our useful guide …

HIV Insurance – Part 2 – The Unusual Risks Guide to HIV Income Protection & HIV Critical Illness Cover.

You get to know your adviser by reading Chris Morgan’s full career biography here ...

Adviser Career Biography – Chris Morgan

Adviser Career Biography – Chris Morgan

Chris Morgan is a fully qualified Financial Adviser and has been writing on HIV Insurance and HIV Finance issues for over 24 years. His column has previously been resident for publications such as Baseline Magazinand Pink Paper.

For more information about HIV & Hepatitis Insurance and Finance matters he may be contacted at Unusual Risks Mortgage & Insurance Services by phone 0845 474 3075.  Email: Web: 

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