Getting a life insurance policy can be complicated, but the situation becomes even more difficult if you have a serious precondition such as HIV. There are three different categories of Life Insurance that consumers can choose from: traditional, simplified or guaranteed issue.
Unfortunately, not all the policies are available if you have a HIV. Generally, people with HIV / AIDS can not apply for standard or, also called, traditional life insurance but there are still several options available – see below. If you are interested in getting a free quote for Life Insurance for HIV, please, click on the button below or complete a form below.
If you are interested in understanding better different life insurance types such as traditional life insurance, simplified issue life insurance and guaranteed issue life insurance and want to know what types of life insurance for HIV are available for you, have a look at our infographic further below. It will also inform you what life insurance types are available for other serious preconditions.
People with HIV: Key question asked by insurance companies
Most insurance companies that provide life insurance for people with HIV will be interested in the following question: “How advanced is the disease and is the applicant undergoing medical treatment?” That will determine the type of an insurance policy that you can apply for:
Less advanced stage and treatment
If HIV is in a less advanced stage and you are able to work and you receive treatment, you can often qualify for simplified issue life insurance. It means that your maximum coverage limit can typically vary between $50,000 and $300,000. This insurance comes either with immediate payouts (your claim will be paid even if you die directly after buying a policy) or deferred payouts (your claim will not be paid if a death occurs within initial 1-2 years (timing depends on the policy).
More advanced stage and need for care
If HIV is in a more advanced stage and you need care, you can qualify only only for guaranteed issue life insurance. It means that your maximum coverage limit can typically not be higher than $25,000. This insurance typically has a 2-year waiting period, meaning if you die within the first 2 years, no claim will be paid.
Interested in life insurance for HIV / AIDS case?
Contacting an experienced, licensed broker (see a form below) will help you to find a life insurance for HIV that fits you needs or simply answer all your questions related to this topic. Discussion with broker is entirely free and there is absolutely no obligations to buy.
Key insurance types and serious preconditions
An overview below provides a brief overview of various life insurance types. It also explains what insurance types are available to you, if you have a serious precondition. Any other question left? Please feel free to connect with an insurance professional to discuss your situation in details.
Click on the link if you are interested in downloading this infographic Life Insurance for HIV as PDF.