If you would like yo know about life insurance plans in relation to HIV and AIDS sufferers, the following information will interest you.
Those who are HIV positive are a special risk. An increasing number of people in the UK are living with HIV and Aids.
The Health Protection Agency says around 63,500 UK adults are living with HIV - with as many as a third unaware of their infection. Most new HIV cases in 2005 were infected abroad, but more cases are being contracted in the UK, it said. The increase is due to people living longer with HIV due to advances in treatment and cases being picked up earlier.
In October 2005, the insurance industry implemented a new Statement of Best Practice on HIV and Insurance. Produced by the Association of British Insurers, this affects the way in which gay men are treated when applying for some types of insurance.
Over the previous decade, many gay men applying for life insurance felt they had been treated unfairly. This was mainly due to the practice of asking about sexuality, commonly known as ‘the gay question’ on application forms for life insurance. The ABI guidance has ended this practice and other intrusive personal questions. It also addresses the common misconception that simply taking an HIV test will have a detrimental impact on insurance applications made by gay men. Indeed, gay men are able to obtain reasonable levels of insurance without HIV testing.
A free Consumer Guide summarises current practice.
The ABI Consumer Guide for gay men on HIV and Life Insurance is free on the ABI web site, www.abi.org.uk.
The ABI Expert Working Group on HIV and Insurance is currently researching ways that life insurance could be offered to people with HIV. More life insurers hope to be able to offer affordable cover in the future.
For anyone in this category, most markets are the same as for Impaired Lives
Special life cover for those with HIV/AIDS is available.
