Average life assurance sum increases for those with HIV

A new survey by Unusual Risks, Mortgage and Insurance Services shows the average amount that HIV Positive men and women are insuring themselves for has substantially increased.

Currently HIV Positive people who are taking out Life Assurance in the UK are insuring themselves for an average of £137,192. This latest survey was conducted as a follow-up to a similar survey that was released last year where the average figure was only £114,607.

The substantial increase this year is mainly due to some of the insurers increasing the maximum amounts of Life Insurance they’re now prepared to offer someone living with HIV.

Chris Morgan, from Unusual Risks, said; “Initially when HIV life Assurance was launched the amounts of cover were limited to below £250,000. It is wonderful news that Insurance Companies are now starting to offer larger policies that can be used to back large mortgages, commercial mortgages and private equity business deals”.

“Although the ongoing development of HIV Life Assurance products has been wonderful for both the insurance industry and HIV Positive people, we would like to take this opportunity of highlighting that Income Protection and Critical Illness Cover policies are still unavailable to people living with HIV.”

Chris lead the campaign back in 2009 that resulted in changes within the insurance industry that meant those with HIV could get life assurance. He was also responsible for the removal of the Gay Question from Life Assurance proposals back in 2005.

Unusual Risks continue to campaign to ensure that those with the virus will also be able to get Income Protection and Critical Illness Cover.