Gay Life Assurance, Gay Life Insurance and Gay Mortgage Blog

News from Our Sponsor ….. Compass’s  ‘little brother’ … Unusual Risks have recently been getting lot’s of  national headlines with their recent HIV Life Assurance campaign. Over the coming weeks we will be featuring some of the news articles, features and interviews connected with HIV Life Assurance and HIV Mortgages.

We are asking ….. Is this the UK’s most underinsured community?

Leading industry newspaper FT Adviser recently published this article …

http://www.ftadviser.com/2012/03/01/insurance/intermediary-indentifies-gap-of-advice-in-hiv-community-kk1ErE6dlTtQj5N5RMJ70I/article.html 

For more infomation or advice about Gay Mortgages and Gay Life Assurance visit our sponsors website at http://www.compassindependent.co.uk/  phone us on 0845 474 3075 or email us at enquiries@compassindependent.co.uk

News From Our Sponsors Compass …

Compass’s ‘little brother’ Unusual Risks have this week published some interesting research around HIV life Assurance.

The information is very relevant to both gay men and women and can viewed by visiting the link below.

http://unusual-risks.co.uk/?p=157

To speak to someone about Gay Mortgages, Gay Life Assurance, HIV Mortgage, HIV Life Assurance contact us on 0845 474 3075, visit our webiste at http://www.compassindependent.co.uk/ or email us at enquiries@compassindependent.co.uk

Gay Life Insurance (Assurance)  is the term used for Life Insurance  polices taken out by Gay and Lesbian people.

In the past there has been discrimination by the mortgage and insurance industry towards gay’s and lesbian’s, particularly in regards to compulsary HIV testing and unecessary personal questions.  

If you are Gay or Lesbian and are in any doubt with regards to the requirements from a Mortgage or Life Assurance company, then seek specialist financial advice.

You can find more information about Gay Life Insurance here.

What is? … Gay Life Insurance  http://pink-finance.co.uk/?p=127

Our Sponsors … Compass Mortgage and Insurance Services are Mortgage and Insurance Advisers to the gay community and can be reached by phone 0845 474 3075, or by email enquiries@compassindependent.co.uk

Their website may be found at  http://www.compassindependent.co.uk/

Compass the Gay Mortgage and Insurance Advisers have recently been quoted in FT Adviser Newspaper. They were being asked about the current state of the Employment and Protection markets.

Here’s an extract from the article,  

Chris Morgan, practice manager for Devon-based Compass Mortgage & Insurance Services, Said: ‘There does seem to be an increased amount of stress around in the workplace at the moment in with particular concern about job security.’

‘We have seen a marked increase in the amount of requests for unemployment protection and income protection in the event of sickness in the last 12 months’.

‘It seems to follow that in difficult economic time speople do consider increasing their personal insurance.’ 

 To read the full article click here …

http://www.ftadviser.com/2011/11/30/insurance/health-and-protection/canada-life-highlights-pressure-on-workers-cu8iqelj4lPcQJdvL1fNcP/article.html

Our Sponsors … Compass, The Gay Mortgage and Insurance Advisers can be reached by phone 0845 474 3075. or by email chris@compassindependent.co.uk or at their website http://www.compassindependent.co.uk/

Gay Life Assurance  is the term used for Life Assurance polices taken out by Gay and Lesbian people.

In the past there has been discrimination by the mortgage and insurance industry towards gay’s and lesbian’s, particularly in regards to compulsary HIV testing and unecessary personal questions.  

If you are Gay or Lesbian and are in any doubt with regards to the requirements from a Mortgage or Life Assurance company, then seek specialist financial advice.

You can find more information about Gay Life Assurance here.

What is? … Gay Life Assurance http://pink-finance.co.uk/?p=91

Our Sponsors … Compass Mortgage and InsuranceServices are Mortgage and Insurance Advisers to the gay community and can be reached by phone 0845 474 3075, or by email enquiries@compassindependent.co.uk

Their website may be found at  www.compassindependent.co.uk

Our Sponsors … Compass the Gay Mortgage and Insurance Advisers have recently been quoted in Health Insurance Magazine. They were being asked about their research into Gay and HIV Life Assurance.

Here’s an extract from the article, which was about HIV Life Expectancy.  

Chris Morgan, marketing manager of Compass, the Gay life assurance specialist advisers, said that people living with HIV are on average living longer and this is due to “vast improvements” in medications.

“This therefore has also led to big improvements in the availability of life assurance products to the HIV community,” he said.

However, a survey carried out by Compass in December 2010 found that just 33%* of “mainstream” life offices have entered the life cover market for people with HIV. Morgan said that Compass has repeated the research this year and the results will be published soon.

To read the full article click here …

http://www.hi-mag.com/health-insurance/product-area/life-critical-illness/article381885.ece

* In 2011 this figure has increased to 50%.

Compass, The Gay Mortgage and Insurance Advisers can be reached by phone 0845 474 3075. or by email chris@compassindependent.co.uk or at their website http://www.compassindependent.co.uk/

Our sponsors latest Press Release …

Compass, the gay financial advisers are today announcing the results of their HIV Life Assurance survey 2011. After contacting all of the major Life Assurance providers in the UK, they can now report that 50%* of insurers are now offering some form of HIV Life Assurance.

Even though half of the major insurance companies surveyed have now entered the market Compass still believe that the needs of HIV Positive people are not being met. Of the six insurance providers that stated they do offer HIV Life Assurance only three are actually offering pre-sale’s quotations.

This means that many people living with HIV are still being asked to complete applications, submit to medicals and blood tests before any indication of cost is offered. This is much the same situation as 12 months ago and Compass still believe this to be non-competitive and unfair on applicants.

Speaking about their recent survey, Chris Morgan, Marketing Manager of Compass Said,

‘We recently surveyed the top twelve life assurance companies and were pleased to see that *50% are now offering Life Assurance to HIV Positive people. This is an improvement on last year where only 33% were saying they were offering the product’.

‘It’s fair to say that some of these companies are more proactive than others in attracting this type of business with service standards and treatment of applicants varying by a massive margin. Some companies are taking 26 weeks to process an application, where others are taking only 8 weeks’.

‘The main reason for this difference is that some applicants are being sent for unnecessary medicals and blood tests which increase’s the processing time significantly. We are constantly encouraging these insurance companies to improve their treatment of HIV positive people.’

During their survey Compass discovered that Zurich, Prudential, Scottish Provident, Bright Grey, Liverpool Victoria and Aviva are now offering HIV Life Assurance. Some of these providers are more established in the market than others.

They discovered that Prudential took an average of 26 weeks to complete a HIV Life Assurance application, where other HIV Life Assurance providers are taking around 8 weeks. On average it takes around 5 weeks to complete an application for someone who is not HIV Positive.

The main reason for this delay is that people with HIV are being sent for unnecessary blood tests by some insurers to confirm results that have already been sent by their consultants. We believe this practice to be time consuming, unnecessary and in some cases discriminatory.

*Compass Mortgage & Insurance Services surveyed the top twelve insurance providers during August 2011. They asked ‘Do you accept Life Assurance Applications from HIV positive people? With six out of twelve responding ‘Yes’ to the question.

If you require more information on HIV Life Assurance please contact Compass Mortgage & Insurance Services on 0845 474 3075, or by email at enquiries@compassindependent.co.uk and on the web http://www.compassindependent.co.uk/

Compass the Gay Mortgage & Insurance Advisers are soon to bring you the HIV Life Assurance Survey 2011 …

Stay tuned for information about all of the HIV Life Insurance providers and their service standards.

Our Sponsors: Compass are Mortgage and Insurance Advisers to the Gay Community and may be reached by phone 0845 474 3075, email enquiries@compassindependent.co.uk  or their website can be found at  http://www.compassindependent.co.uk/

It has recently been brought to our attention that some of our clients are coming under ‘severe’ pressure to take out Life Insurance through their bank, instead of their financial adviser. This has especially been apparant when people are renewing business banking facilities.

In one recent case our client was being offered £245,000 of Life Assurance with Critical Illness Cover for £71.00 per month, when we were able to arrange the same / better cover at a premium of only £47.00 per month.

If you find yourself being bullied by your bank into taking expensive, or multiple insurance products then call and ask for help. We’re not only here to save you money, but to ensure that you recieve the best Independent Financial Advice.

For more inormation on Gay Life Insurance / Gay Life Assurance  follow this link:  http://pink-finance.co.uk/?p=127

Our Sponsors: Compass are Mortgage and Insurance Advisers to the Gay Community and may be reached by phone 0845 474 3075, email enquiries@compassindependent.co.uk  or their website can be found at  http://www.compassindependent.co.uk/

Gay Insurance is taken out by Gay and Lesbian people to protect both themselves and their possessions. Types of Gay Insurance taken out by gays and lesbians in the past include Accident and Sickness Cover, Unemployment Cover, Level Term Assurance, Whole of Life, Mortgage Protection and Decreasing Term Assurance.

The UK  Insurance Industry has not been very friendly towards Gay & Lesbian people in the past. Gay and Lesbian people have been asked for unecessary HIV testing and inflated premiums. If you are gay and find yourself in doubt when taking out Insurance products, then seek advice.

Compass Mortgage and Insurance Services are Mortgage and Insurance Advisers to the Gay Community and may be reached by phone 0845 474 3075, or by email enquiries@compassindependent.co.uk

Their website may be found at  http://www.compassindependent.co.uk/