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logopolis
New User

Reged: 05/23/09
Posts: 10
Loc: UK
Life Insurance
      #248751 - 12/10/09 05:04 PM

Hi Folks,

OK so now everything has settled down and life is carrying on pretty much as normal i am starting to look at policies, in particular life insurance to cover the mortgage.

Had a read through my current policy and surprise surprise HIV infection is not part of the critical illness cover unless through proffesional accident (nurse) or in an attack.

<My question is for the UK, does anyone know of a company that offers cover for HIV positive people as my curent policy is nul and void if anything happens. Have searched the web and it still seems very hit and miss.

Thanks



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lucky2b
New User

Reged: 02/09/10
Posts: 2
Re: Life Insurance new
      #249365 - 02/10/10 08:01 AM

I am new here, hi everyone..weew, you and i have a similar problem..I am in South Africa, i have done a little bit of research on the insurance companies, most of what i had before i became positvive are also nul and void, is there anyone in South Africa who can give me a lead to a reputable insuarnce company that caters for HIV people?I have so far heard of Allife, anyone else?

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Angel_Ronnie
Regular

Reged: 06/01/06
Posts: 256
Loc: Gauteng, South Africa
Re: Life Insurance new
      #249380 - 02/11/10 02:50 AM

ok life cover or life insurance do not cover hiv and the ones that does is overly priced which most people can't afford. Alllife works on the following basis, if you have a drop in CD counts your premiums go up, so say you have a cd4 of over 600 your premiums will be low but as soon as your cd4 drops your premiums excelate. if you miss one payment you lose cover. Altrisk can give you quotes but then again depending on the cover you are looking for that can also be costly specially in our economic state that we are in here in South Africa. what both of you can consider is to have endowment policies where you can put money away and when the need arises you can use it, if not then it can grow to a substancial amount over a period of 20 years.

--------------------
"Live for today, because what you do today is what you use to make your future"

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lucky2b
New User

Reged: 02/09/10
Posts: 2
Re: Life Insurance new
      #249387 - 02/11/10 07:46 AM

Thanks for the info, much appreciated. I will look into topping up my endowment to compensate for the loss of my life cover.

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klclt
New User

Reged: 03/03/10
Posts: 19
Re: Life Insurance new
      #249747 - 03/13/10 12:33 AM

I actually got my diagnosis because I went to get some life insurance, and found out that I'm no longer "insurable."

Unless I'm willing to go with some of those "no medical questions asked" policies that only pay out 10K or less with super high premiums, I'll never have life insurance again. For reference, I'm in the US.

I decided that's fine by me. This might not work for everyone, but I figure it this way. While I can pay someone out the nose to pay out 10k or less in the event of my death, I can also do something more proactive. I'm very recently infected, 30, and in pretty much awesome health otherwise. I started an IRA a few years ago because I don't trust Social Security to ever pay me out. I've spoken to my broker about the situation with life insurance, and what I decided to do was take $500 and start an account. Each month, I put a little more into it than no-questions-asked life insurance premiums would have cost me. I've got it set so that my broker will take on investments that are in line with my risk comfort level (which is pretty low, honestly), and I've set it on automatic debit. Basically, I'm building my own life insurance policy. It won't be much, probably, but it'll be more than 10k by the time I die, unless I'm run over by a bus in the next couple years.

Since I'm "un-insurable," and I hate insurance companies in the US for their blatant greed, I'm just happy on principle with that. I don't have kids, and very few debts, so I understand that this isn't an option for everyone. However, if I miss a payment, so what? It's my money. They can't cancel me. They can't ask me questions, they can't tell me I can't spend it on something else--although I just count on this as an account I don't touch. If you can find a broker that you trust, this might be a viable option.

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