Life Insurance For People With HIV

​Life insurance companies treat HIV the same way they treat most other chronic conditions. Although it's not impossible, finding a traditional or private policy can be challenging for someone with HIV.

If you are among the people who live with HIV, you may not be eligible for life insurance coverage from the majority of large life insurance providers. 

Even so, if you need life insurance right away, you have a few options, including obtaining a smaller policy through your company or trying to apply for burial insurance that doesn't call for a medical examination, such as secured issue insurance coverage.

How Does HIV Impact a Person's Ability to Obtain Life Insurance?
To determine how risky you are to insure, the insurance company uses recapitalization when you submit for a life insurance policy. Insurance providers are typically concerned about your health since you can live a full life after receiving an HIV diagnosis. 

Even though some life insurance firms provide insurance to applicants who test positive for HIV, many refuse to do so because of the COVID-19 crisis.

Typically, some insurance carriers won't give you a plan until at least a year after the beginning of HIV diagnosis and won't give you a policy until they've seen you for at least six months of steady health and care. 

Lacking five years of consistent health history and failing to fulfill extra health and testing requirements will result in coverage denial from more conservative providers.

Can Someone with HIV Purchase Life Insurance?
The ability to purchase life insurance has been made possible by improvements in medicine. Conversely, your infection rate, CD4 level, and other pre-existing circumstances may affect the insurance coverage you could get, such as the premiums and duration of the policy.

Keeping your HIV status a secret or lying when seeking insurance are bad ideas. Non-disclosure is grounds for cancellation of insurance. 

Spending money on plans you won't pay after your death is risky. Insurance firms are beginning with the data protection act and should maintain your medical information private.

Conclusion
It is essential to verify the accuracy of your healthcare professionals' data. Some insurance companies will allow you to check what your medical providers transmit. You can ask for a copy of their disclosures if this is unavailable. Your premiums and whether you receive insurance may vary depending on the details a healthcare practitioner provides.

At Arnold, Bruce & Doerfler Insurance, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (503) 222-1951. You can also request a free quote by CLICKING HERE. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!