80% of HIV+ people unaware they can buy life assurance

Medical financial advisors are urging people to buy life insurance

80% of HIV+ people unaware they can buy life assurance
08 May 2012

80% of people who are living with HIV in the UK are unaware they can buy life assurance, according to research conducted by medical financial advisors.

Unusual Risks, a mortgage and insurance service, have found 80% of HIV positive people are unaware they can purchase life assurance and 82% of people have no insurance at all.

HIV Life Assurance was introduced by the insurance industry in 2009 after over a decade of campaigning from the gay HIV insurance activist Chris Morgan.

He said: ‘We have to remember that people living with HIV have been told by the insurance industry that they can’t have life assurance for nearly two decades.’

In November 2011 it was established that 50% of Insurance providers in the UK now offer Life Assurance to cover people living with HIV.

If people have life insurance policy when they pass away, the family can receive a pay-out that could help them cover costs from funeral arrangements to mortgage payments.

Morgan added: ’Twelve years ago when I started campaigning for this product to be available, the dream was for people living with HIV to be able to buy Life Assurance in the same way as any other applicant.’

LGBT groups have long criticised life assurance policies for people living with HIV for having greater premiums and harsher terms of conditions.

Morgan said that had improved, saying as a number of new companies have entered the market since 2009; it has created a greater competitive marketplace.  



No thumbnail available

Ellen DeGeneres gives Matt Bomer some skimpy wardrobe to wear in sequel to Magic Mike

Says Bomer: 'It's kind of a road trip film that leads to a stripper convention'
No thumbnail available

UK trans media storm: Observer withdraws Burchill article and Moore apologizes

'We got it wrong' says Observer editor and Suzanne Moore apologizes, no apology from Julie Burchill
No thumbnail available

Country music singer Chely Wright frozen out since coming out as a lesbian

'I’m struggling because I have not heard that from the big stars in country music'
No thumbnail available

New York Attorney General to NFL: It's illegal to ask potential players if they are gay

Eric Schneiderman calls for investigation; league plans LGBT meeting in April
No thumbnail available
No thumbnail available

Another trans woman murdered in Turkey

Violence against trans women in Turkey continues as Secil Anne is stabbed to death in Antalya
No thumbnail available
No thumbnail available

Michael B Jordan reacts to Andrew Garfield’s gay Spiderman romance idea

The Wire actor, rumored to be playing the Human Torch in the Fantastic Four reboot, said he would love to work with Garfield in the future
No thumbnail available

R&B artist Frank Ocean comes out as bisexual

Odd Future member recalls how he first fell in love with a man
No thumbnail available

Music legend Clive Davis comes out as bisexual

The man who discovered or signed superstars such as Whitney Houston, Barry Manilow and Alicia Keys has revealed his sexuality