Testing positive for HIV would very likely result in a decline for life insurance. As the medical advances for HIV and AIDS treatment advance, it could change how life insurance companies underwrite this risk.
Understand that anything that affects a person's expected life expectancy compared to the norm will determine the offer for life insurance.
Testing positive for HIV after a Life Insurance policy is in force has no affect on the policy. Once the policy is issued the company can not change it because your heath has changed.
Testing positive before applying for coverage will be a decline with most companies but not all. Testing positive during an Insurance exam will be a decline or at best postponed till you are rechecked by your own doctor.
Being HIV positive will result in higher premiums and restrictions on the amount of coverage. However, you can get coverage.
It is very important that you are completely honest with your agent before any formal application is submitted. An experienced agent will do an underwriting pre qualification with a company prior to submitting the application.
Agent Owner, Gilmore Insurance Services, Marysville, Washington State
Yes, a positive result on an HiV test will effect your ability to purchase life insurance. At this time, I am not aware of any carrier that will underwrite anything more than a nomial face amount of coverage at a large price. In my state because of current insurance laws a positive result on an HIV test means a decline.
I specialize in HIV Life Insurance and most of the people I have spoken to think it is always better to be tested anonymously when you get tested because if you test positive then the chances are it will end up in your MIB file forever.
As far as a HIV test for Life Insurance if you know your positive then don't waste your time on a company you know tests for HIV. It is not a requirement for every company.
I actually offer a Group Life Insurance policy through a membership that comes with $10,000 in life insurance and you can buy-up to $100,000 in $10,000 increments. It is very affordable and the only requirement is that you work 30 hours or more a week and live in the USA and not in AK, MT, SD, UT VT, or WA
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Understand that anything that affects a person's expected life expectancy compared to the norm will determine the offer for life insurance.
Testing positive for HIV after a Life Insurance policy is in force has no affect on the policy. Once the policy is issued the company can not change it because your heath has changed.
Testing positive before applying for coverage will be a decline with most companies but not all. Testing positive during an Insurance exam will be a decline or at best postponed till you are rechecked by your own doctor.
Being HIV positive will result in higher premiums and restrictions on the amount of coverage. However, you can get coverage.
It is very important that you are completely honest with your agent before any formal application is submitted. An experienced agent will do an underwriting pre qualification with a company prior to submitting the application.
Any health condition (not just HIV) that is expected to shorten your life will get you rated up or declined when applying for a life insurance policy.
If you policy is already issued there is no health condition that will get your premium increased or would cancel your policy.
That's why it's important to buy life insurance today rather than put it off until tomorrow.
As far as a HIV test for Life Insurance if you know your positive then don't waste your time on a company you know tests for HIV. It is not a requirement for every company.
I actually offer a Group Life Insurance policy through a membership that comes with $10,000 in life insurance and you can buy-up to $100,000 in $10,000 increments. It is very affordable and the only requirement is that you work 30 hours or more a week and live in the USA and not in AK, MT, SD, UT VT, or WA
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