Increase in average life sum assured by HIV positive people

clock

The average amount HIV positive people are insuring themselves for has increased to an average of £137,192, a survey for Unusual Risks has found.

Unusual Risks have also campaigned for income protection (IP) and critical illness (CI) products to be available to those who are HIV Positive, research showed 90% of people with HIV would consider such products if they were available.

Chris Morgan, lead financial adviser of Unusual Risks, Mortgage & Insurance Services said: ‘Initially when HIV life Assurance was launched the amounts of cover were limited to below £250,000.

"It is wonderful news that Insurance Companies are now starting to offer larger policies that can be used to back large mortgages, commercial mortgages and private equity business deals.

"Although the ongoing development of HIV Life Assurance products has been wonderful for both the insurance industry and HIV Positive people, we would like to take this opportunity of highlighting that Income Protection and Critical Illness Cover policies are still unavailable to people living with HIV."

Further reading:

HIV+ people not covered by biggest CI & IP providers

Disease of the Month: HIV/AIDS

More insurers offer life cover for people with HIV

 

More on Term Assurance

High blood pressure disclosures on the rise

High blood pressure disclosures on the rise

Scottish Widows data

Cameron Roberts
clock 28 August 2024 • 1 min read
More than 10m young adults without life insurance

More than 10m young adults without life insurance

Cost and awareness are key

Cameron Roberts
clock 20 May 2024 • 1 min read
Reviti Life Insurance ceases operations

Reviti Life Insurance ceases operations

Less than three years after launching

John Brazier
clock 06 January 2022 • 1 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read