Nearly 1 in 4 people with HIV have life insurance

Fri, 21 Feb 2014

Almost one-quarter of those who are HIV-positive now have life insurance.

New figures from medical financial advisers Unusual Risks showed 23 of the 100 people surveyed have some form of cover. This is a rise from the figure of 18 per cent recorded in 2011.

The majority (58 per cent) of respondentstook out their policy after the introduction of HIV life insurance.

Unusual Risks marketing manager Chris Morgan said he was delighted with these statistics, which showed a significant improvement in the number of HIV-positive people taking out life assurance policies.

"For the first time ever,we have checked the percentage of HIV-positive people holding insurance both before and after the introduction of the new HIV life assurance products in May 2009," he commented.

Mr Morganadded how the data demonstrated a greater willingness for those who are HIV-positive to protect their homes, mortgages and families.

It recently transpired that Aviva was set to pay out compensation to more than 500,000 life insurance customers, due to historical errors. The insurer has already paid out 163 million to almost 400,000 with such policies.

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