Life Insurance for people with HIV?

Question

Does anyone know of a company that will give a policy to an infected individual?

Answer 1

Unfortunately, there is no life insurance company that would sell a life insurance policy to a person with HIV.  

The insurance company calculates the "risk" and how many policies will actually be kept in force (so the insurance company receives the premium but the insured person cancels or stops paying on the policy before the insurance company has to pay out on the policy). Also, they calculate the amount of time they expect the person will pay premium before the policy has to pay. For example, if you take out the policy when you are 25 years old, pay all your premiums and die when you are 55 years old, the insurance company pays out the benefit but  still makes a good profit.If a person has HIV or another serious health condition, because there is no "risk". The insurance company knows they will be paying the benefit and, generally when (if they have the applicants medical records).

If the person infected with HIV, is hired by an employer, the employer must provide the person with HIV or any serious health conditions, the the same benefits they provide to all other employees. However, there is normally a waiting period of 30 to 90 days before the new employee are eligible for benefits.

Answer 2

Not an individual policy at a reasonable price.



The only real chance you have of getting affordable coverage would be to find a job that offers an Employer-paid Life insurance plan and then opt for the optional life at enrollment up to the maximum that does not require a Statement of Health form (physical/tests).

Answer 3

There are several companies that offer guaranteed issue life insurance. They issue coverage with no health questions and no medical exam.

As you would expect the premium is significantly higher than "standard" insurance. Unless the death is accidental the benefit is limited. The benefit for first 2-3 years is nothing more than a return of premium with accrued interest.

After the 2 -3 year waiting period you have the full death benefit.

Issue ages are 40 - 80 (In most states).

I don't recommend any particular company. If your own insurance agent can't help you type "guaranteed life insurance" in the search engine of your choice you can get plenty of possibilities to investigate.

Answer 4

Yes....we sell it as long as they're at least 40 years old.

http://www.insurancpickle.com/life-insur...