Life insurance for HIV patients - Do such policies exist?

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PostPosted: Thu Oct 14, 2010 8:29 pm   Post subject:   

Any new news on Inurance Police for People living with HIV?

geministyle
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PostPosted: Thu Oct 14, 2010 9:08 pm   Post subject:   

Other than what's already been posted? NO. And don't hold your breath for any major changes any time soon.



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PostPosted: Fri Oct 15, 2010 8:25 am   Post subject:   

MaxHerr, what about a Jet issue policy as mentioned before?

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PostPosted: Fri Oct 15, 2010 9:25 am   Post subject:   

Jet issue still asks about HIV. One needs Guaranteed issue to qualify. They are usually limited to $50,000 and have limited benefits for the first 2-3 years.


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PostPosted: Fri Oct 15, 2010 2:11 pm   Post subject:   

Insurance companies do cover HIV, as long as its not full blown AIDS. But one has to pay higher terms.

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PostPosted: Fri Oct 15, 2010 2:49 pm   Post subject:   

I just wanted to say, that I am a consumer. I originally tested positive in 1988, when it WAS a death sentence, yet lo & behold here I am still healthy. I work out 5 times a week, & my viral load is undetectable. My doctor has told me theirs no reason I can't live another 20 years. HIV hasn't been a death sentence in a while, what you do ABOUT it is. I was just looking into life insurance because I'm in the process of having a child, & even though the child would be taken care of with my veteran's benefits, was just looking into the most affordable (or possible) way to get an Insurance Policy. I may just have to wait until Insurance catches up with medicine.

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PostPosted: Sun Oct 17, 2010 2:38 am   Post subject:   

You can submit an application to any insurance company on a COD basis for underwriting consideration. Obviously your diagnosis needs to be disclosed, but who knows, maybe there is an insurance company that has "caught up" with the current state of HIV/medicine. An independent agent working through an IMO/FMO will have access to private undewriters who may know of companies that would be favorable to your personal status, or make inquiries to see what their decision might be.



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PostPosted: Sun Oct 17, 2010 2:44 am   Post subject: Life insurace for HIV patients  

I understand from another agent Forrester Insurance Company. However I am not familiar with the company, but you are welcome to google and look them up

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PostPosted: Sun Dec 11, 2011 3:44 pm   Post subject: Adding  

Honestly,



We all know that the life expectency has increased, while living with HIV is not the end of the world. Many insurance companies think it is Sad

I would usually advise my clients if you are going to purchase life insurance purchase a small amount of insurance enough to cover the burial/ final expenses for the family. Next, take the extra money and obtain a retirement account such as 529 College savings plan if you have kids, Roth IRA, Annutiy. This allows your money to grow, however if death occurs before the funds have time to accumulate cash the family will not be left with a burden.



The Benefit Center


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PostPosted: Mon Dec 12, 2011 1:14 pm   Post subject:   

Quote:
obtain a retirement account such as 529 College savings plan if you have kids . . .


Now that's some mistake in describing a 529 plan . . .

Quote:
. . . if you have kids, Roth IRA, Annutiy. This allows your money to grow, however if death occurs before the funds have time to accumulate cash the family will not be left with a burden.


Please explain what happens if the person puts a few thousand dollars into their Roth IRA or annuity and then dies, and how "the family will not be left with a burden."



Anytime agents commingle discussions of retirement plans with life insurance or, as in this case, attempt to equate retirement plans with life insurance payouts, the prospect with limited knowledge is at risk of being harmed.



Life insurance, annuities, and retirement plans are not the same things. Each product has a specific purpose, and some people need a combination of two or even all three to make sure their individual needs are being properly met.



There is no ONE-SIZE-FITS-ALL product in this industry.


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PostPosted: Mon Dec 12, 2011 8:22 pm   Post subject:   

Max, hopefully that person was talking about only buying burial insurance because they were referring to someone who could not qualify for affordable life insurance. I don't know if that is the case. If it wasn't, I can completely agree with you.


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PostPosted: Fri Dec 16, 2011 6:21 pm   Post subject: insurance  

A friend of mine passed away, about 4 or 5 years ago, now. He was HIV and had full blown Aids. He did have Life Insurance to cover expenses, etc...however,..I don't know where he obtain it. He lived in PA. I DO know he was paying a quite a bit to have it.

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PostPosted: Thu Jan 30, 2014 6:59 am   Post subject: HIV life insurance  

There are a couple life insurance policies available for HIV + persons. There is a group life insurance policy where the only requirement is you work at least 20 hours per week and up to $100,000 is available with no waiting period and the orther is a 2 year graded benefit that only pays out for accidents not sicknesses the first year but only available to 40 and above. Go to [link deleted per TOU]


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PostPosted: Fri May 02, 2014 12:20 pm   Post subject: UnInsurable Risk...  

I am a licensed insurance agent in Missouri that specializes in Final Expense Insurance. First of all, there are a number insurance companies that will insure high risk at a reasonable premium. I offer a number of plans, mostly for the senior areas, specifically for people that are not able to buy insurance at a preferred or standard rate. All plans will be graded, or guaranteed issue for typical uninsurable diseases. None require any health questions or medical exams. The cost is very reasonable considering the risk the insurance companies are taking. These plans are all similar in that they give you 1st day coverage on accidents and either a 2 or 3 year waiting period on sickness. They all pay a full return of premiums to your beneficiary, tax free, if death occurs prior to the waiting period. Most insurance companies pay an extra 10 to 20% on premiums paid during the first 2 years, should someone pass. If you live over 24 months, the policy will pay the full Face amount you purchased. Typically, most uninsurable clients need 5 to 15k to handle their final expenses and that amount is not expensive, considering the problem. Think of it this way, if you don't have the money in place, or what you do have is earmarked to take care of your loved ones long term, what other choice do you have? So, what does it cost?



As, an example, I just helped a 64 year old female client obtain 5k for $31.00 per month. I hope this has helped those of you that thought there was no solution. If you have a question or require coverage, I would be happy to get you any additional information you require by emailing me at [email address deleted per TOU].



disclaimer...this is not an advertisement for insurance or a exact representation of what all insurance companies offer, it is only a response to concerned people who are looking for answers to a real problem on this forum.


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PostPosted: Fri Aug 01, 2014 10:53 pm   Post subject: Yes  

Life insurance for person with HIV is possible nowadays. HIV is now a treatable illness and with right human habits person could live long and without difficulties. Therefore there is a opportunity to make a good deal with life insurance and one of the most payable option in my opinion can be found on this link:

[Link deleted per TOU]


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