Life insurance for HIV patients - Do such policies exist?

Posted: Tue Jun 30, 2009 02:15 am Post Subject:

Don't confuse being HIV + with having AIDS. The life expectancy for a young person who is HIV+ is actually more than 20 years. In the 90's, the life expectancy for someone with AIDS was less than 5 years. I assume that it is longer now, but I don't know.

Posted: Tue Jun 30, 2009 10:26 am Post Subject:

I was commenting strictly about life expectancy. To the best of my knowledge, no company using full underwriting will insure someone with HIV.

Posted: Wed Jul 08, 2009 07:39 pm Post Subject: HIV Thread

I hear all the hoopla about whether guaranteed life is this or that. All I know is that my younger brother who is 25 is not particularly savvy about this kind of stuff and was recently diagnosed with HIV. I was referred by a close friend who told me about an insurance agent and that she might be able to help. Long and short of it is that he has 10000 whole life policy whereas if he dies in the 1st 2 yrs all the premium are refunded plus 10% and 20% on top in the 2nd year after that he has the full death benefit of the policy. In addition he has 20000 in accidental and it doubles or quadruples depending on the nature of the accident and thats good from day 1. So help me understand, if he dies say in 4 years, knowing that funerals are expensive as hell (trust me I know from experience), where am I or my family supposed to come up with 7-12 thousand dollars on the spot. As long as the money paid in is refunded with way more interest than you would get from sticking it in a bank and then provided you take you meds and follow doctors orders there should be no reason why you shouldnt live two years to receive the full death benefit. Everyone saying save and invest is just plain silly in this economy, just put something in place, would you have the same argument about car insurance or homeowner's insurance? Is you life worth more of a risk than material things? Oh and BTW my brother's coverage costs him less than 60 dollars a month so its not a fortune like previously said...This argument is silly IMHO! Stop scaring folks, HIV is enough to deal with!

Posted: Thu Jul 09, 2009 02:10 am Post Subject:

Insurance novice, the issue isn't whether he will live for 2 years. If he had AIDS instead of just being HIV+, I would would say buy the coverage.

However, a 25 year old who is HIV+ and takes care of himself can very possibly live another 25 years. If he were to invest this $60/month at 0% interest, it would equal $18,000 instead of $10,000. At 5%, it would equal $35,000. At 10%, it would equal $74,000.

If we just look at the 5% figure, he just needs to live 11 years to have more money for a funeral than he would have by having the life insurance.

The real financial problem in your case, and sorry to be so blunt, is that nobody in your family has figured out how to earn a decent amount of money. Paying for a loved one's funeral should not be a financial issue.

$60/month is a fortune for $10,000 of coverage for a 25 year old.

Posted: Thu Jul 09, 2009 04:30 am Post Subject:

To put that into perspective, a healthy 25-year-old can get $1,000,000 of coverage guaranteed for 30 years for that same $60/month. That's quite a bit more than $10,000....

Posted: Fri Jul 10, 2009 01:35 pm Post Subject:

i think yes they will but will bump up the premium...

if you are doing a job, best thing is to take your company insurance... and you will end up paying less premium as most of company insurance enroll you without medical tests

Hope this helps

Posted: Fri Jul 10, 2009 02:13 pm Post Subject:

i think yes they will but will bump up the premium...

Posted: Wed Jul 22, 2009 10:37 pm Post Subject: HIV

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?

Posted: Wed Jul 22, 2009 10:47 pm Post Subject:

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?

Posted: Thu Jul 23, 2009 10:53 am Post Subject:

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?