A Brief Detail About the Life Insurance Choices for the HIV Positive Patients!!

HIV positive is treated as one of the dangerous diseases in medical records and do not have any permanent treatment. If you are detected with an HIV positive, it doesn’t mean you have AIDS but at the same time, your body immune system becomes weak to fight against diseases and infections reducing your CD4 immune cells finally leading to AIDS.

So if you are HIV positive, you are considered in the life-threatening category and in that case, it becomes hard to qualify for life insurances policies having greater protection. But, nowadays many insurance carriers have come up in the market and help you get insurance in the following ways:

Insurance Criteria for HIV+ People

1. a) Insurance policy for people with HIV generally comes as Term Life Insurance Policy with limited covers. If your HIV virus is detected at an early stage and you are responding well to the treatments even then maximum you can get a term insurance for 10 to 20 years and the premium mostly remains above average.
2. b) To qualify for the benefits of an insurance being HIV positive, your medical reports need to display your CD4 cells above 350 and the continuity proof of your antiretroviral therapy to improve CD4 count.

Consult multiple insurance agencies to get the quotes from various carriers so that you can manage to have an affordable policy though it c) will be quite expensive compared to the policies for general people. The agencies will help you get contacted through the carriers having a bit lenient medical tests so that you don’t get declined.

1. d) Be honest to mention about your case history to the insurers so that the companies come to know beforehand and don’t reject you straightaway in the medical examinations.

Insurance Choices for HIV+ Individuals

There are few beneficiary options offered by Insurance Companies in the policy for people with HIV.

1. Term Life Insurance

Term Life insurance is the first choice of the Insurance companies for the HIV positive individuals between 10 to 20 years maximum as per their medical history. The policy is effective for the individuals aged more than 50 as they are close to their expiry period within the time frame, but for young individuals around 21 to 35 years, the risk factor increases for the Insurance Companies. Carriers like Prudential Financial, Star Health, AEQUALS are best known for their term insurance having accelerated death benefits, while these can be renewed if you overcome the term period. Life insurance broker Reassured have written an in-depth article on how having HIV affect your ability to secure cover in the UK.

2. Group Life Insurance

These are insurance facilities offered from your working sectors where being an employee you can have a death benefit of $10,000 for your family and if you belong to the spouse category you can have till $5,000.

3. Voluntary Life Insurance

If your organization has undertaken a Voluntary Life insurance facility form the Insurance companies, being an HIV positive individual it can be highly beneficial for you to grab easily having higher death benefits up to $100,000.

4. Simplified Life Insurance

It is one of the easiest Life Insurance policy if you are HIV positive as you don’t need to qualify for any medical tests here but the premiums are generally high and many risk factors might not be covered. You can check out the Simplified Life Insurance by AEQUALS that issues coverage from $25,000 to $3, 50,000.

5. Guaranteed Life Insurance

This can be called a direct Life Insurance Policy irrespective of your medical records. If you are looking to benefit from such kind of policy, again AEQUALS is the best choice as it offers both term and permanent guaranteed life insurance and takes care that your premium remains same throughout the year. This type of life insurance is very expensive so AEQUALS is a very good choice in terms of affordability.

Conclusion

Through the above-mentioned insurance policies, it is now possible for an HIV positive individual to qualify for life insurance provided they are detected at an early stage otherwise it becomes a too much expensive affair.