Disclosures & Confidentiality For HIV Life Insurance & HIV Life Assurance (Part 3) By Chris Morgan
To make an appointment with Financial Adviser Chris Morgan about HIV Life Insurance or HIV Life Assurance you can email him at Enquiries@unusualrisks.co.uk
On the 31st of July this year I will be celebrating my 30 year anniversary of qualifying as a Financial Adviser.
During this time I’ve met literally hundred of clients living with HIV – many of which have had poor experiences elsewhere – this may have been though their Bank, Building Society, Estate Agent, Mortgage Broker, Insurance Company or an Online Money Website.
Advising HIV Positive clients is something that I do literally “Week in and Week out”, “Day In and Day Out” – making sure they are able to obtain the Life Insurance and Mortgage Life Insurance they need to protect their families and properties.
It’s important that you take specialist professional advice because many of the “Insurance Distribution” routes mentioned are not totally friendly to people living with HIV and may lead you to a disappointing outcome.
Chris Morgan and Unusual Risks are specialists at advising HIV Positive applicants for Life Insurance – in this new extended series of “Disclosures & Confidentiality” articles I will be sharing “real life case examples” with you that have crossed my desk recently.
The subjects we will cover in the coming weeks are very real and will help you to protect your confidentiality and determine the necessary disclosures that will need to be made to insurers for you to obtain Life Insurance.
This is my specialist area of financial services and I look forward to sharing more with you over the coming weeks
In this article we look at protecting your confidentiality when applying for HIV Life Insurance & HIV Life Assurance.
Life Insurance Co-Risk v Single Risk
Life Insurance is one of the main product areas I assist people living with HIV.
I’m able to assist those with HIV and also those with other multiple (co-risk) medical conditions – this is where they have more than one significant medical condition – this group of people can find it especially difficult to obtain life insurance.
Common conditions that I can insure include HIV along with Diabetes Type 1, Diabetes Type 2, Hepatitis B, Hepatitis C and tuberculosis along with a host of other medical conditions.
Life Insurance Co-Risk v Single Risk
We are able to assist those not just with HIV but other multiple (co-risk) medical conditions, where they have more than one significant medical condition – this group of people can find it difficult to obtain life insurance. Common Co-Risk conditions that we can insure include HIV along with Diabetes Type 1, Diabetes Type 2, Hepatitis B, Hepatitis C, along with a host of other medical conditions.
HIV Life Cover – Case Example
Name: Shakti, Occupation: Office Manager; Age 37
Shakti approached me for Life Insurance with serious concerns about protecting his medical information. He was concerned about who may find out about his HIV status. His father is a GP and he was concerned about who would be handling of the medical information once he makes an application for Life Insurance.
He did not wish to approach his bank where he has his mortgage, as it would mean disclosing his HIV status to them. He wanted to be truthful about the disclosures on any life insurance application – but also needed to protect his confidentiality,
In my discussions with Shakti we agreed to find him a Life Insurance where we could keep control of the collection of medical information and that he was protected from making any unnecessary disclosures.
Declined Elsewhere
I meet clients all the time that have poor experiences elsewhere either with their Bank, Building Society, Estate Agent, Mainstream Financial Adviser, Mortgage Broker or Online Comparison Websites.
In our experience all of these just don’t know enough about HIV – this can often can result in poor underwriting outcomes.
We advise people to only share your HIV information with a financial adviser that specialises in advising people living with HIV.
We are aware that up to 50% of applications for HIV Positive people are still declined by the Insurance Industry. I’m not sure why anyone would apply for Life Insurance without taking specialist financial advice?
Product Features
We are able to arrange Life Insurance for Mortgages, Family Protection and Business Loans and can access Life Insurance products that are fully inclusive for pre-existing conditions. We are now also offering longer term life insurance for clients up to 30 year term and for some longer – many people only have 10, 15 or 20 years remaining on their policies and we are currently extending policies for many people with shorter term cover.
Who are Chris Morgan & Unusual Risks?
We are the UK’s leading specialists at placing HIV Life Insurance , HIV Income Protection & HIV Critical Illness Cover. 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 five 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.
Chris Morgan is a fully qualified Financial Adviser and has been writing on HIV Insurance and HIV Finance issues for over 25 years. His column has previously been resident for publications such as Baseline Magazine and Pink Paper.
Chris Morgan can be contacted about HIV Life Insurance, HIV Income Protection and HIV Critical Illness Cover at Unusual Risks Mortgage & Insurance Services by phone 0845 474 3075 or make an appointment by Email: Enquiries@unusualrisks.co.uk Web: www.unusualrisk