Compass and LGBT Insurance Featured In Money Marketing …

Our friends at Compass the LGBT Financial Adviser have recently been featured in Money Marketing the leading financial magazine.

The feature debates the need for specialist Protection advisers in the LGBT Community and of course Compass came out very favorably in this feature …

These are some of the quotes that were included from their lead financial adviser Chris Morgan

“Specialist LGBT advice firm Compass Independent founder and Unusual Risks Mortgage & Insurance Services Chris Morgan campaigned for decades to remove ‘the stigma and hard-line discrimination’ the LGBT community faced from the insurance industry. “It’s been a long process that I’ve been at the forefront of. Insurers don’t discriminate against gay people now. They used to but that ended in 2005,” he says”. 

Morgan  has seen a fair number of providers with specialist products for the LGBT community come and go over the years. 

“They don’t last because the products they offer don’t generate the volume they need quickly enough for them to survive,” he says. “In the past the products have generally been pension and investment products which haven’t taken off.”

“White labelling products as LGBT ‘because they have a few bells and whistles designed to appeal to gay people’ does not make them more suitable than anything else in the wider market, says Morgan”.

They also quoted some of their recent research into the Insurance needs of the LGBT Community and to be careful if buying Life Insurance to check that you have the best product available from the whole of the market.

“According to the last survey in 2016 by Compass, 76 per cent of life policies taken out by LGBT people were intended to cover a mortgage – normally 25 years – and 24 per cent were taken out to cover families over the long-term – that means possibly children to the age of 21 or 23”.

“Ten-year term assurance policies appear to be unsuitable for the purpose. If a 10-year term was the only option in the market it would be something the adviser would have to recommend but there are scores of policy options with a maximum term of 40 or 50 years.” 

Morgan thinks LGBT customers are better served by specialist advice rather than specialist products.

“By all means seek out specialist financial advice, as the adviser will understand the LGBT family unit, relationships, financial needs, civil partnerships, gay marriage and concerns for privacy and discretion around health in relation to HIV”.  

“They will have access to the whole market and to the very best products available to meet client need”.

The full feature article can be read here, including all of the quotes above.

Our sponsors Compass are the UK’s leading Lesbian, Gay, Bisexual, Transgender Financial Advisers, offering advice on Gay Life Assurance, Gay Life Insurance, Gay Mortgages, HIV Life Assurance, HIV Life Insurance, HIV Mortgages.

They are also the UK’s leading experts at planning Life Assurance and Mortgages for LGBT and Alternative Families and are able to assist LGBT people looking for advice on their Pensions and Investments.

For more information about these services please contact our sponsors Compass by phone 0845 474 3075. Email or visit us online at

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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.