Who is relevant life insurance for?
Who is relevant life insurance for?
Protecting your loved ones’ future is one of the most common motives behind taking out...
Can you get life insurance if you are living with HIV?
Yes, it is possible to get life insurance.
As life insurance experts, we will find the right policy to protect you and your loved ones.
Your Guide to HIV Life Insurance.
If you or a loved one is living with HIV, you may be wondering if you can get life insurance. The good news is you can! Our team are experts in life insurance for HIV patients and will help you to get the best cover possible. So, get in touch with us today.
How HIV Life Insurance Works.
Thanks to medical advancements and developments in underwriting, it is now possible to obtain life insurance for people with HIV at standard rates. This means you can protect your loved ones’ future should anything happen to you.
Several factors are considered when assessing life insurance for HIV. It is therefore helpful to have the following information to hand when making your application:
- Date of Diagnosis
- CD4 Count
- Viral load
- History of drug use
- History of Hepatitis B or Hepatitis C
- Whether you’re a smoker or non-smoker
After you make your application, our team of experts will assess it and search the whole market to find the best cover and premiums for your budget. We will guide you through the entire process, ensuring that you understand exactly what you are buying.
A Quick Guide to HIV Life Insurance
Step 1: Prepare all the necessary information about your health.
Step 2: Work out how much cover is required.
Step 3: Get in touch with an HIV life insurance expert.
Step 4: You may need to provide a GP report.
Step 5: Browse the available options and with advice from an expert, choose the correct cover for you.
HIV Critical Illness Cover.
As there have been huge developments in the insurance world for people living with HIV, we can now help you to obtain critical illness cover, as well as income protection.
A critical illness cover (CIC) policy pays out a tax-free lump sum if you are diagnosed with a critical illness defined under your policy wording. If you already have life insurance, critical illness cover may already be part of it. Critical illness cover policies can vary in terms of the conditions that they will cover and the amount they will pay out in the event of a claim so it’s important to find one that covers you.
Most critical illness policies will cover:
- Cancer
- Stroke
- Liver or kidney failure
- Heart attack
- Multiple Sclerosis (MS)
- Major organ transplant
Our specialists in life insurance for HIV positive individuals will be happy to discuss all available options with you.
HIV Income Protection.
If you are running or supporting a household with bills to pay, it’s a good idea to consider Income Protection.
This is especially important for contractors or anyone who is self-employed as they don’t have access to sick pay. Therefore, if you were unable to work due to illness or injury, it could become difficult to pay your outgoing costs.
Having an Income Protection policy in place can therefore take away any stress and help you to pay your rent, mortgage or monthly bills.
How to Claim.
It’s easy to make a claim with The Insurance Surgery. Simply follow these three steps:
Contact Your Broker/Provider
The easiest way to make a claim is to go through the insurance broker or provider you took the cover with. This not only takes the weight off your shoulders at this stressful time but also helps speed up the claim process.
Start the process via Call/Email/Post
Depending on the type of policy you have, ways to make a claim can vary. You will initiate the claim process either via telephone, email, or post for Life Insurance, Critical Illness Cover and Income Protection.
Send Required Information
Once the claim has been received your insurance provider will then request the necessary evidence in order to assess the claim. This can include but is not limited to death certificates, GP reports and specialist letters.
HIV Life Insurance Costs.
Since the introduction of Highly Active Antiretroviral Therapy (HAART), premiums for those living with HIV have significantly reduced over the last 15 years. The amount you pay each month in policy premiums depends on your specific circumstances. When assessing your application, insurers will take into account factors such as your CD4 count and viral load.
Our experts will help you find the best deal to suit your needs and budget, taking the time to go through the different policies and discuss any concerns you may have.
Case Studies.
Case Study: Male, 31 years old, diagnosed with HIV in 2017, was looking for life insurance and critical illness cover to support his wife and child.
Cover type: Life insurance & Critical illness cover
Term: 30 years
Monthly premium: £22.41
Cover amount: £40,000 for life and critical illness cover
Case Study: Female aged 45, diagnosed with HIV in 2011, was looking for level life insurance for herself and partner.
Cover Type: Level life insurance
Term: 20 years
Monthly Premium: £15.23
Cover amount: £160,000.00
Price Promise.
As an award-winning specialist Insurance Broker for those with medical conditions, high risk occupations or participating in extreme sports we will never be beaten on price.
Frequently Asked Questions
We answer your most frequently asked questions.
How does having HIV affect life insurance premiums?
Similar to other pre-existing medical conditions, if you are HIV positive you will likely pay higher premiums than someone who isn’t. The exact amount depends on your personal circumstances which will be assessed when you put forward your application.
However, the good news is that there have been some huge insurance developments in the last 5 years that are now allowing people living with HIV, diabetes, post cancer, Crohn’s and many more conditions to get better cover at a more affordable price. We are very proud to be part of a movement that has fought for change in this space. We are confident that on most occasions we can save people who have health conditions money on their policy.
Our team of experts have an extremely in-depth knowledge of underwriting criteria which means that we are incredibly well placed to be able to obtain the best premiums for you and your individual circumstances.
Due to the recent changes in life insurance underwriting for HIV, we have seen a number of previous restrictions lifted. We now have access to standard rates and ‘whole of life‘ cover with no term restrictions if you are living with HIV, your viral load is undetectable and CD4 count is high.
In this situation, it is well worth reviewing your existing cover, especially if it was obtained several years ago as it is very likely that some of these changes could benefit you. The Insurance Surgery also offers a free Annual Review service to all our existing / new clients. This means that we constantly make sure that you have the right cover for your ever changing life and check for any changes in underwriting.
Yes we do! Use our partner’s Travel Insurance comparison tool to compare over 20 travel insurance quotes all with your HIV covered within just a few minutes and only having to input your information once.
HIV Statistics in the UK
- It is estimated that 106,890 people in the UK are living with HIV.
- New diagnoses have been declining since their peak in 2005.
- 37% of new diagnoses in 2020 were in London.
- 1 in 16 people living with HIV in the UK do not know that they have the virus.
- 97% of those on treatment are virally suppressed, which means they can’t pass the virus on.
HIV Symptoms
People living with HIV can remain undiagnosed for a long period of time. However, they could still experience symptoms, such as:
- Within a week to 10 days post infection, there can be severe flu-like symptoms, fever, aches, sore throat and a rash on the chest. Also possibly fatigue, nausea, and diarrhoea.
- Following early symptoms, these may pass and a person can remain symptom-free for many years. This is known as the asymptomatic stage.
- Moving into the symptomatic phase, this is when the immune system has become so damaged that the body becomes unable to offer defence against infection. This could be bacterial, fungal or viral infections.
- A diagnosis of AIDS is given when one of the most commonly occurring illnesses due to HIV take hold, these are referred to as ‘AIDS-defining illnesses’.
HIV Facts
- HIV is a life-long condition without any known cure at the moment.
- Many people with treatment can still live a regular life with a normal lifespan.
- There have been great developments in treatment and medication for HIV such as Triple Therapy (HAART) which can prevent the immune system from becoming damaged and therefore can prevent the occurrence of an AIDS-defining illness.
For external facts and stats, make sure to include a footnote or list of references. If any of these are external facts, make sure to include references.
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Useful Links.
For more information on HIV life insurance, click on ‘Get a Quote’. We have also provided a range of reliable sources for more information on HIV.