Here’s some more HIV Life Assurance news that is relevant to the gay community from our sponsors Compass and their ‘Little Brother’ Unusual Risks.
PRESS RELEASE
Unusual Risks, the medical financial advisers are once again this week highlighting to the HIV community the opportunity they now have to take out Life Assurance, by asking the question Do you know HIV+ people can now buy Life Assurance?
After conducting research Unusual Risks estimate that 80% of HIV positive people are still unaware they can buy Life Assurance. This is remarkable when considering another recent study that confirmed 82% of HIV Positive people had no Life Assurance whatsoever.
HIV Life Assurance was introduced by the insurance industry after over a decade of campaigning from the gay and HIV insurance activist Chris Morgan. In November 2011 it was established that 50% of Insurance providers now offer Life Assurance to cover people living with HIV.
Chris Morgan, Marketing Manager of Unusual Risks Mortgage & Insurance Services Says,
‘We have to remember that people living with HIV have been told by the insurance industry that they can’t have life assurance for nearly two decades. It’s understandable that people may feel cautious towards the new HIV Life Assurance products as they are still a relatively new idea’.
Chris Continued …
’12 years ago when I started campaigning for this product to be available the dream was for people living with HIV to be able to buy Life Assurance in the same way as any other applicant. We now have this service available and I’d like to encourage people to take advantage of this’.
Without any doubt the need for HIV Life Assurance has become more apparent over the last few years with the success of medications and the continued increase of newly diagnosed patients. Higher CD4 counts and near non-detectable viral loads are leading to improved life expectancy.
The terms and premiums for HIV Life Assurance have continued to improve since the launch of the product in 2009. This is now especially the case since a number of new companies have entered the market, creating a competitive market place.
Unusual Risks are committed to the continued development of HIV Life Assurance and are constantly liaising with the insurance providers to improve the products available. As independent advisers we have a policy of approaching all available providers for each and every client.
*Unusual Risks surveyed 100 HIV Positive people based in the UK with the co-operation of Baseline Magazine and asked them ‘Did you know HIV+ people can now buy life assurance?’ Of the people that responded only 20 said yes.
For more infomation or advice about Gay Mortgages and Gay Life Assurance visit our website at http://www.compassindependent.co.uk/ phone us on 0845 474 3075 or email us at enquiries@compassindependent.co.uk