Over the last 10 weeks it has become apparent that many Life\nInsurance Companies are restricting the availability of Life Insurance to\npeople living with HIV. This means that many people are being declined for\ninsurance cover through \u201cMainstream\u201d brokers, life insurers, banks and building\nsocieties, who are perfectly eligible for Life Insurance.<\/p>\n\n\n\n
Key Statistics From Unusual Risks Research \u2013 June 2020<\/strong><\/strong><\/p>\n\n\n\n Those living with HIV who are seeking Life Insurance are advised to seek specialist financial advice before committing to taking cover. <\/p>\n\n\n\n During the last ten weeks since commencement of Lockdown we\nhave proudly been able to assist many Key Workers, NHS Staff, Doctors and\nNurses to review their Protection arrangements. We have been working hard to\nsecure Life Insurance products for people living with HIV with both insurers\nand re-insurers. <\/p>\n\n\n\n We intend to review the latest research statistics periodically and will keep everyone informed of any developments. <\/p>\n\n\n\n Full Press Release – June 2020<\/strong><\/p>\n\n\n\n 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\u00a0now\u00a0report a significant reduction in availability as only 13%* of financial institutions are currently offering some form of HIV Life Assurance. <\/a><\/p>\n\n\n\n This is a significant reduction from the 70%* recorded\nin last year\u2019s survey and 90%* that they noted earlier this year. This is the eleventh\nyear that Unusual Risks have surveyed the availability of HIV Life Assurance\nproducts in the UK, with the first ever survey in 2009 indicating less than 50%*\nof insurance providers were offering any form of HIV Life Assurance. <\/p>\n\n\n\n The sudden reduction in the availability of HIV Life\nInsurance is due to the present economic impact caused by Coronavirus and\nCOVID-19. Those living with HIV seeking Life Insurance\nare advised to seek specialist financial advice before committing to taking cover,\n<\/a>as there are currently rapid changes to the product criteria and premium\nrates on a daily basis.<\/p>\n\n\n\n Speaking about their survey, Chris Morgan, Lead\nFinancial Adviser of Unusual Risks said;<\/strong><\/p>\n\n\n\n \u2018We recently surveyed the top twelve life assurance\ngroups and were disappointed to see that only 33%* of companies are now\noffering some form of Life Assurance to HIV Positive people. This is certainly a\nbackward step that takes us back to the earliest days of the launch of HIV Life\nAssurance products in 2009\u2019.<\/em><\/p>\n\n\n\n \u2018Within the survey we also\nassessed the number of high street banks and building societies currently\noffering Life Insurance to People Living With HIV. Currently\n0%* of Banks and Building Societies offer any Life Insurance to People with HIV.\nOverall only 13%* of Life Insurance Companies and Banks and Building Societies\ncurrently have Life Insurance products available to people with HIV.\u2019<\/a><\/em><\/em><\/p>\n\n\n\n Chris Morgan and Unusual Risks have campaigned on\nbehalf of the HIV Community for the last two decades, firstly for the\nintroduction of HIV Life Assurance, followed by the lengthening of policy terms\nand then most recently the reduction of monthly premiums. They are still currently able to place Life\nInsurance for people living with HIV at competitive premiums. <\/p>\n\n\n\n Although Life Insurance has been available for over a\ndecade for People living with HIV, Income Protection and Critical Illness Cover\nis still unavailable. Unusual Risks are very proud to have played the lead role\nin improving the accessibility of financial products for people with HIV over\nthe last decade and will continue to work on behalf of the community to secure\nbetter products. <\/p>\n\n\n\n Unusual Risks are the U<\/strong><\/em>K\u2019s leading financial advisers offering advice to clients living with HIV or Hepatitis on <\/strong><\/em>HIV Life Assurance, HIV Life Insurance, HIV Mortgages, Hepatitis C Life Assurance, Hepatitis C Life Insurance, Hepatitis C Mortgages.<\/strong><\/em><\/p>\n\n\n\n They are also the UK\u2019s 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.<\/strong><\/em> *Please note Income Protection and Critical Illness is not currently available to people living with HIV.<\/strong><\/em><\/p>\n\n\n\n For more information about these services please contact <\/strong><\/em>Unusual Risks Mortgage & Insurance Services by phone 0845 474 3075. <\/strong><\/em>Email <\/strong><\/em>Enquiries@unusualrisks.co.uk<\/strong><\/a> or visit us online at <\/strong><\/em>http:\/\/www.unusualrisks.co.uk\/<\/a><\/strong>web <\/em><\/strong>www.unusualrisks.co.uk<\/em><\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" 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 \u201cMainstream\u201d brokers, life insurers, banks and building societies, who are perfectly eligible for Life Insurance. Key Statistics […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,3,12,1,2],"tags":[],"class_list":["post-1070","post","type-post","status-publish","format-standard","hentry","category-hiv-finance","category-hiv-life-assurance","category-hiv-life-insurance","category-uncategorized","category-unusual-risks"],"_links":{"self":[{"href":"https:\/\/unusual-risks.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/unusual-risks.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/unusual-risks.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/unusual-risks.co.uk\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/unusual-risks.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1070"}],"version-history":[{"count":2,"href":"https:\/\/unusual-risks.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1070\/revisions"}],"predecessor-version":[{"id":1072,"href":"https:\/\/unusual-risks.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1070\/revisions\/1072"}],"wp:attachment":[{"href":"https:\/\/unusual-risks.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/unusual-risks.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/unusual-risks.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}