Is There Life Insurance For Hiv Patients?
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63333 POINTSview profilePeggy MaceMost of the U.S.Unfortunately, the only type of private life insurance that HIV patients can get is guaranteed issue life insurance. Guaranteed Issue policies are not available at every age, so there are some people who are HIV positive who may not be able to obtain a life insurance policy unless under a group plan through their work.Answered on June 21, 2013flag this answer
115 POINTSview profileApril JohnsonIndependent General Agent, April Johnson, CaliforniaThere is at least one private insurance policy available for persons, with HIV, between the ages of 0 to 85 which should include most who seek coverage. The policy is whole life as opposed to term life. Thus, as long as you pay your premiums your coverage won't lapse during your life time. In addition, this policy provides for benefits up to $10,000. There is a 3 year waiting period before the full benefit kicks in but if you pass during this 3 year period all premiums paid to date plus 10% will be paid out to the beneficiary. Accidental death benefits can be attached to the policy which become effective immediately upon issuance of the policy. So, even within the first 3 years of the policy, if death is due to accident, the policy will pay double face value up to $20,000. Finally, there are no medical exams, only two medical questions and there are no medication restrictions.Answered on June 22, 2013flag this answer
610 POINTSview profileRobert ColePresident-ROCO Insurance Agency,LLC,, WWW.ROCOINSURANCE.COM, Dallas,TXThere is a new Group policy that individuals can purchase through a membership that comes with $10,000 in life insurance with the option to buy-up to an addition $90,000 in $10,000 increments. You must be working at least 30 hours per week and live in the USA. It is coverage to age 100 and can be purchased at any age as long as those requirements are met. It is very inexpensive compared to those Guaranteed Issue policies everyone keeps talking about. Contact me for more info or search ROCO Insurance for more information.Answered on January 30, 2014flag this answer
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