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People with HIV should Review their Life Insurance Policies

better life insurance for hiv

If you have HIV and took out a life insurance or mortgage protection policy before 2013, you should review your cover for two reasons. Longer terms (years) are lower premiums are now available.

Research by a UK insurer into insurance coverage of HIV positive people, has found that many received a term of between 5 and 10 years, much lower than the typical term given to people without HIV.

  • The average term for policies taken out between 2009 and 2013 was 10 years.
  • Looking at policies taken from 2014 to 2017, the average term increases to 19 years, with the longest recorded at 25 years.

Life insurance underwriting rules in the UK are similar to underwriting rules here in Ireland.

In the past the insurers offered our HIV clients reduced terms whereas now they can get terms of up to 40 years.

As well as offering longer terms, the insurer are also offering more competitive rates.

You see, in the past only one life insurance provider offered cover to people with HIV in Ireland, now the majority of the insurers will offer cover.

This competition between the insurers has sparked a price war in higher risk life insurance resulting in lower life insurance quotes for people with HIV.

Why should people with HIV extend the length of their cover?

If you have a short term policy of say 5 to 10 years and you took it out between 2009 and 2013, it will soon expire.

Best to lock in the longest policy term when you reapply as this will protect you from a price increase in case your health circumstances change in the future.

Remember the insurer fixes your price from the start and cannot review it even if your health suffers.

What information does the insurer look for in relation to HIV?

Click the image below to read a previous article I wrote about getting life insurance with HIV


And here’s the link to our HIV Questionnaire. If you complete this questionnaire, I can speak with my 6 insurers to get you an indicative quote.

If you proceed to a full application, the insurer will write to your GP for a medical report.

Over to you…

If you applied for life insurance with HIV in the past and are unhappy with the terms you received, please complete the quick outline form below.

I’ll run your case past my underwriters on an anonymous basis and check if I can do any better for you.

Read next : Getting mortgage protection if HIV+

Nick McGowan | making life insurance easier

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Getting Mortgage Protection or Life Insurance if you’re HIV Positive

Earlier this year, news broke that a patient in London was cured of HIV, following a bone marrow transport.

It comes more than a decade after Timothy Brown, the “Berlin patient”, made history as the first person to be ‘cured’ of the disease.

Both cases have been widely celebrated as they represent great hope for the 37 million people living with HIV around the world.

For decades, the virus was a ruthless killer, savaging entire communities.

Thankfully, we’ve come a long way since, both in terms of treatment and response.

Don’t know where to start?

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