LGBT Insurance Survey 2015 …..

Happy Gay Pride Season Everyone !

Our friends at Compass, the Gay insurance advisers have today published their latest research into the insurance needs of the LGBT Community. For the first time ever the survey focuses on the Average amount of Life Assurance being taken out by Lesbians, Gay Men, Bisexuals and Transgender people, also including policies taken out by LGBT people living with HIV.

In a number of previous surveys Compass have published the average Gay Life Assurance figures, however, these surveys did not include insurance products that have been made available to HIV Positive people since 2009. The current average Life Assurance plan that is currently taken out by the LGBT community now has a sum assured of £185,015.

Chris Morgan the Lead Financial Adviser at Compass Mortgage and Insurance Services, Said …

‘For a number of years we have researched the Insurance needs of Lesbian, Gay, Bi Sexual and Transgender clients. The aim of our Insurance survey is to highlight the importance of protecting your mortgage, family, children with Life Insurance. This year we have taken the step of including Life Assurance for HIV Positive people in the Survey’.

Chris continued …

‘HIV Life Assurance has been available since 2009 and massive progress has been made in both the number of insurers offering products, premiums being charged and the number of people taking HIV Life Insurance. With five years of data now established it is the right time to include policies taken out by LGBT people who are living with HIV in the survey’.

In previous surveys, Compass established that 74% of LGBT people take out Life Assurance to protect their homes, with the remaining 26% taking out Life Insurance to protect their family, children or partner. They also established that 26% of LGBT people take an average amount of £182,577 of Critical Illness Cover with their Life Assurance.

Compass is able to arrange Mortgage Life Assurance, Mortgage Life Insurance, Critical Illness Cover and Income Protection for gay men and women, Bisexuals and Transgender clients. They are also specialists at finding Mortgages and Life Assurance for people living with HIV. They can even introduce you to the very best Investment Planning and Pension Transfer Services.

If you require more information on LGBTI Finance including Gay Life Insurance, Gay Life Assurance and Gay Mortgages you an contact our sponsors Compass Mortgage & Insurance Services on 0845 474 3075, or by email at Enquiries@compassindependent.co.uk or on the web at www.compassindependent.co.uk

This entry was posted in Alternative Parenting, Gay Income Protection, Gay Insurance, Gay Investment Planning, Gay Life Assurance, Gay Mortgages, Gay Pension Transfers, HIV Life Assurance, HIV life Insurance, LGBT Families, LGBT Life Assurance, LGBT Life Insurance. 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.