Can You Get Life Insurance if you Have HIV?

If you are currently seeking life insurance, but are unsure of your eligibility because of an HIV/AIDS diagnosis, do not lose hope! As a result of the outpouring of support for treatments and cures, as well as new medical research, the management of HIV/AIDS has come a long way over the past 30 years. There are life insurance options now available for those living with HIV / AIDS, and the healthcare available is only going to improve with time.

 Life Insurance for HIV-positive Individuals

What was once a disease that threatened to quickly end one’s life is now something that can be controlled and managed by the right combination of medication and treatment. An HIV diagnosis does not mean the end of one’s life, and what is even better is that it is now possible to get life insurance, even once you’ve been diagnosed.

HIV patients are living longer and healthier lives than ever before, which means that the life insurance options for people with HIV/AIDS are improving. In a setting where the options are very limited, the life insurance industry is finally beginning to realize that the prognosis for survival with HIV/AIDS is better than it has ever been before.

Issues Concerning Diagnosis and Treatment

In many cases, the life insurance options that are available to an individual with HIV/AIDS are dependent on their current stage of treatment. The number of insurance companies that offer coverage to those suffering from HIV/AIDS is limited, as the ones who only offer no medical life insurance.

This type of life insurance also comes with stipulations, which must be met before coverage is granted. There are two main stipulations that determine the eligibility of individuals with HIV/AIDS. The first deals with the time of diagnosis, as well as the immediate prognosis. The insurance company needs to know if you have been diagnosed with a medical condition, including HIV/AIDS, in which a doctor has given you twenty-four months or less to live. The second stipulation deals with treatment, specifically, if you have been diagnosed with or have begun the treatment for HIV/AIDS within the last three years.

Most other insurance companies that offer no medical life insurance policies won’t even allow coverage to applicant if they have any history of HIV/AIDS. The only way to receive life insurance as an individual diagnosed with HIV/AIDS is to reach your third year of treatment, at which stage, life insurance options exist.

If you or someone you love is not eligible for life insurance under these stipulations, there is still a chance to get guaranteed issue life insurance. Unlike other life insurance policies, guaranteed issue has no stipulations concerning your current medical condition or your progression through treatment. These policies guarantee your acceptance, regardless of your situation. Many guaranteed issue life insurance policies also offer a full or partial refund on premiums paid, if death occurs before the waiting period ends once the policy is in force (typically two years).

Speak to a Broker

If you or someone you know is living with HIV or AIDS, contact a broker today. Do not assume that you cannot get life insurance. You have options.

Article Submitted By Community Writer

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