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 Posted: Thu Jul 23, 2009 10:53 am Post subject: |
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| Quote: | | So where does that put a person such as myself who is HIV + and who because of some mutant gene, luckily is healthy and undetectable without the use of meds? I want life insurance, but because of the HIV stigma, even thou I am considered non -reactive/progressive am denied such coverage even thou I am very healthy? |
An insurance company doesn't care about "health". They care about life expectancy. You are HIV positive. People who are HIV positive have a lower life expectancy.
Life insurance should be purchased before one has things that compromise their life expectancy... before they get fat, before they start smoking, before they get cancer, before they get HIV, before they get high blood pressure, before they have an undiagnosed stomache issue, etc.
When are these things going to happen? We don’t know. Life insurance is purchased with one’s health more than with their dollars. This means that one shouldn’t wait until they are married with a child to buy coverage. If coverage is needed in the future, it needs to be purchased today.
What can you do about insurance now that you are HIV+? Go tell all of your friends to purchase coverage before something happens that lowers their life expectancy. |
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InsuranceExpert
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| Posted: Sat Jul 25, 2009 12:41 pm Post subject: |
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Hi Scot,
| Quote: | | People who are HIV positive have a lower life expectancy. |
Did you understand why Expert is stressing hard on life expectancy? Actually, you'd need to understand that a lower life expectancy signifies more risk for the insurance carrier. Insurance is meant to cover your unforeseen risks, so more the chances lesser the coverage options and higher the premiums.
Hope you got that!
Plasticmind
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Plasticmind
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Pirate91
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| Posted: Wed Jul 29, 2009 12:54 am Post subject: |
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| If he lives for 24 months and then dies, the life insurance is great. If he lives for 15 years, the life insurance isn't a good value. |
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InsuranceExpert
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| Posted: Wed Aug 19, 2009 1:57 am Post subject: |
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| I am learning many things over here. lots of knowlegde is there, thanks |
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garry4
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| Posted: Mon Aug 24, 2009 11:56 pm Post subject: |
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| Another option for this individual would be to look at a Second to die policy. Some insurance companies will allow a policy to be written on an otherwise uninsurable person if the policy pays out on the death of the second individual and there is another healthy indivdual on the policy. These policies can sometimes work if the parents are still alive in good enough health to be insured and have a life expetancy less than the unhealthy individual. |
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Norwayguy
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