This is the seventh year that Unusual Risks have surveyed the availability of HIV Life Assurance in the UK, with the earliest survey result in 2011 indicating only 50%* of insurance providers were offering any form of HIV Life Assurance.
This year, Unusual Risks are pleased to report steadily increasing numbers of Life Assurance Companies offering Life Insurance for HIV Positive people. Gradually over the last seven years more insurers have elected to offer HIV Life Assurance, which means more choice for HIV Positive consumers.
Speaking about their survey, Chris Morgan, Lead Financial Adviser of Unusual Risks said;
We recently surveyed the top twelve life assurance groups, who service brokers and were delighted to see that 75%* of companies are now offering some form of Life Assurance to HIV Positive people. We are greatly encouraged that this figure continues to improve each year.
‘Having more Life Insurance products available to HIV Positive people is obviously a good thing, because this is now leading to improved terms for consumers. Unusual Risks are constantly liaising with product providers to improve the availability and standards of HIV Life Insurance.
We have recently been obtaining improved terms for policyholders who initially took polices between 2009 and 2013. Most of these policies were only for short 5 and 10 year terms, which can now be replaced with longer policies for up to 25 years’.
Unusual Risks have been touring the country throughout 2017, with their HIV & Finance Tour, raising awareness of financial issues for people living with HIV. The programme of free educational workshops are open to HIV professionals and Peer Support Mentors.
Their next regional dates are scheduled for East Midlands on the 11th January and Yorkshire on the 12th January.
With further events set to follow in the North West and Scotland in the spring. To book tickets for these events visit www.unusual-risks.co.uk.
*Unusual Risks surveyed the top twelve insurance providers servicing independent brokers between March 2017 and August 2017 They asked ‘Do you’ offer Life Assurance Applications to people with HIV? With eight out of twelve responding ‘Yes’ to the question.
They also surveyed the same leading Insurance providers. They asked ‘Do you offer either Income Protection or Critical Illness Cover to people with HIV? With zero out of twelve responding ‘Yes’ to the