Gay Insurance Survey 2013 – Gay Critical Illness Cover

By | Published: 24th July 2013

News From Our Friends … Compass, the gay insurance advisers have today published their latest research into the insurance needs of gay men and women and the amounts that they insure themselves for. For the first time ever the survey has solely focused on Critical Illness Cover, instead of the amounts of Life Assurance being taken by the gay community.

The research, which was conducted earlier this year, shows that the average Critical Illness Policy being taken out by the Gay & Lesbian community is £182,477. This is surprising when considering that the average Life Assurance policy taken by the gay community had risen to £242,578 in the Gay Life Assurance Survey 2012.

The survey also established that only 19% of Gay & Lesbian insurance applicants are taking out Critical Illness Cover, which is lower than a previous reading of 22% which was taken back in 2011. The survey was conducted to help raise awareness of Critical Illness Cover within a community that has previously valued its financial independence.

Here’s some national press reaction to our latest news release …

Financial Times Adviser …

http://www.ftadviser.com/2013/07/03/insurance/health-and-protection/fewer-gay-clients-took-out-ci-cover-in-past-year-ORPnLfVPSw1UXmzVvTEBiN/article.html

Health Insurance & Protection Daily ,…

http://www.healthinsurancedaily.com/health-insurance/product-area/life-critical-illness/article425373.ece

Cover Magazine …

http://www.covermagazine.co.uk/cover/news/2278637/gay-ci-uptake-lower-than-expected-compass

If you require more information on Gay Critical Illness Cover, Gay Life Assurance, Gay Life Insurance & HIV Life Assurance, HIV  Life Insurance you can contact our sponsors Compass Mortgage & Insurance Services on 0845 474 3075, or email at Enquiries@compassindependent.co.uk or on the web at www.compassindependent.co.uk

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  • About Us

    Pink Finance was first launched in the year 2000, as the UK’s first gay finance magazine. Over the years we have covered many discrimination issues affecting gay, lesbian, bi sexual and transsexual people.

    Our articles cover issues such as Gay Life Assurance, Gay Life Insurance, Gay Mortgages, Gay Income Protection, Gay Critical Illness Cover, HIV Life Assurance, HIV Life Insurance and HIV Mortgages.

    We also include feature articles on planning Life Assurance and Mortgages for LGBT and Alternative Families, along with articles with subjects such as Pensions and Investments for LGBT people.

    Our editor, Chris Morgan was part of the consultation group that led to the introduction of HIV Life Assurance and HIV Life Insurance for people living with HIV.

    He was a consultant to the Association of British Insurers for over five years and served on their HIV Insurance Working Group.

    Chris has recently rejoined the ABI working group, assisting them with their latest Best Practice guidelines and agreeing to write a new HIV and Insurance consumer guide.

    Our sponsors Compass have a long history of supporting worthy causes within the gay and HIV communities. Currently they are supporting NAM AIDSMAP who work to change lives by sharing information about HIV and AIDS.

    They believe that, wherever you are in the world, having independent, clear and accurate information is vital in the fight against HIV and AIDS.

    Compass Mortgage & Insurance Services is Authorised and Regulated by the Financial Conduct Authority.