70% of HIV Life Assurance Applications Protect Mortgages …

Our friends Unusual Risks, the medical financial advisers are today announcing further results from their latest HIV Life Assurance research. After conducting the most extensive survey into the financial needs of the HIV community, they can now confirm that 70% of HIV Life Assurance applications are being made in connection with a mortgage.

This figure is very encouraging for a community that for many years was unable to get Life Insurance and in turn was reluctant to take out Mortgage finance. The survey shows that HIV positive people are starting to look after their financial future and protect their homes. The survey also established that 30% of Life Insurance applications are taken out as family protection for partners and children.

Speaking about their survey, Chris Morgan, Marketing Manager of Unusual Risks said;

‘We’re delighted to see that the HIV community are now protecting their homes and their families with Life Insurance and Life Assurance. The introduction of HIV Life Assurance products has been hugely successful because it has encouraged people to plan for the financial future and purchase a home for their family’.

‘Every week I’m contacted by HIV Positive people who are still unaware that they could apply for Life Insurance and Mortgage products without fear of discrimination. Unusual Risks are committed to helping the HIV Community find the best financial products from the wide range of those now available in the market place ’.

In their latest survey Unusual Risks have looked into the financial needs of the HIV community in greater detail, with the percentage of HIV Positive people that now have insurance running at 23%. They also established that 58% of those now holding life insurance had taken their policy after the introduction of HIV Life Assurance in May 2009.

Chris Morgan and Unusual Risks have been helping people living with HIV to find the best Mortgage and Life Assurance for their needs for the last fifteen years. Unusual Risks in the next few months are set to release more research into the other types of insurance that HIV+ people are likely to be interested in were they to become available in the market place.

If you require more information on Gay Life Assurance, Gay Life Insurance, Gay Mortgages & HIV Life Assurance, HIV  Life Insurance, HIV Mortgages 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

This entry was posted in Uncategorised. Bookmark the permalink.
  • 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.