Hey Lynn!

I have a life policy which I took from a previous job (it had a conversion option) with a face value of $225,000. I pay $320 per month for it. IT does build some cash value but its not great. It will be worth $88,000 at 65 or so. I am 42 now. Anyway, is it worth it? Are there other companies which will provide similar coverage at a cheaper rate or is this pretty good for an HIV positive person?

The only way to determine this is to get competitive quotes. Life insurance policy premiums vary based on age, whether or not you are a smoker, etc. Typically conversion policies are more expensive than other policies because usually only people who would have difficulty getting coverage apply for them. NY Life and Guaranteed Trust Life Insurance Company will insure HIV+ individuals.

You might be able to buy a term policy instead of a policy with a cash value. At $320/month for coverage, you will spend approximately $88,000 over the next 23 years until you are 65. With a cash value of $88,000 at age 65, that translates into a "refund" of premium. A term policy would be cheaper and the cash flow today might be more valuable to you. Only you can decide that. An insurance broker should be able to assist you with quotes or you can contact the insurance carriers directly.