The Association of British Insurers – HIV & Life Insurance – New Guiding Principles & Consumer Guide …

Our friends Chris Morgan, Unusual Risks and Compass have been working closely with the Association of British Insurers on their new Guiding Principles for HIV and Insurance over the last 12 months and they are very pleased to be supporting the recent launch of the new HIV and Life Insurance Consumer Guide.

They are very pleased to have contributed extensively to the new industry guiding principles and to have co-written the new HIV and Life Insurance Consumer Guide. Chris has a long history of working towards better treatment of HIV Positive people by the Insurance Industry and led a 10 year campaign to secure HIV Life Insurance for the HIV Community.

The new ABI Consumer Guide on HIV and Life Insurance is now available by contacting us via the email address below.

Chris Morgan’s official press comment is below which supports the ABI’s own press release.

HIV and Life Insurance Press Quotation – July 2016

Chris Morgan, The Lead Financial Adviser of our Contributors Unusual Risks and Compass, who are specialist financial advisers for the HIV and LGBT Communities.

“We would like to thank the Association of British Insurers for inviting us to participate in this consultation process and for allowing us to assist them in producing the new HIV and Life Insurance Consumer Guide”.

“Their new guiding principles and consumer guide are a very encouraging step by the Life Insurance Industry in their interactions with the HIV Community”.

“It is hoped that the new Consumer guide will help raise consumer awareness that Life Insurance products are available to HIV Positive people and also help to inform policyholders who are recently diagnosed with HIV, if they are still covered by their existing policies”.

Our friends at Unusual Risks are the UK’s leading financial advisers offering advice to clients living with HIV or Hepatitis on HIV Life Assurance, HIV Life Insurance, HIV Mortgages, Hepatitis C Life Assurance, Hepatitis C Life Insurance, Hepatitis C Mortgages.

They are also the UK’s leading experts at planning Life Assurance and Mortgages for HIV Positive Families and are able to assist HIV Positive people looking for advice on their Pensions and Investments.

For more information about these services please contact our sponsors Unusual Risks Mortgage & Insurance Services by phone 0845 474 3075. Email Enquiries@unusualrisks.co.uk or visit us online at http://www.unusualrisks.co.uk/

 

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HIV and Life Insurance – Cancellation Of Policies On Diagnosis

Our friends at Unusual Risks, the medical financial advisers are today announcing part two of the results from their latest HIV and Insurance Survey. The survey has looked closely at issues, such as awareness of Insurance products and the cancellation of Insurance products by HIV Positive people.

Unusual Risks discovered that 22% of respondents have cancelled an Insurance policy following their diagnosis with HIV. The respondents were asked to confirm if they had cancelled any Insurance’s including Life Insurance, Endowments, Income Protection and Critical Illness Cover.

The survey also established that 40% of the respondents who indicated they had cancelled their Insurance, would of in fact been covered by their policy for HIV. It is not uncommon for Life Insurance policies to continue offering Life Insurance to people who have been diagnosed with HIV.

Speaking about their survey, Chris Morgan, Lead Financial Adviser of Unusual Risks said;

‘The results of the survey indicate there is still a great deal of work to do to raise awareness around cancellation of policies for people living with HIV. HIV Positive people are still cancelling and surrendering Life Insurance policies that could continue to provide valuable benefits to them”.

‘I meet people every week who are thinking about cancelling their insurance, who have recently been diagnosed with HIV. There is still a great misconception that Life Insurance does not cover people living with HIV, when in fact in most cases these days it does’.

Chris Morgan and Unusual Risks have recently been working with the Association of British Insurers and have helped them to produce a new HIV and Life Insurance Consumer Guide. Copies of the new Consumer Guide are now available by contacting them at enquiries@unusualrisks.co.uk

The guide includes information about Sexual Orientation and Insurance, Key Principles of HIV and Insurance, HIV Testing, Availability of Insurance products, Cancellation of Life Insurance following diagnosis and disclosure of HIV status on Life Insurance applications.

The aim of the guide is to improve awareness of HIV and Insurance within the community and to deliver clear and accurate information about the availability of Insurance. Unusual Risks hope this will encourage HIV positive people to protect their families and look after their financial future.

Our Friends at Unusual Risks are the UK’s leading financial advisers offering advice to clients living with HIV or Hepatitis on HIV Life Assurance, HIV Life Insurance, HIV Mortgages, Hepatitis C Life Assurance, Hepatitis C Life Insurance, Hepatitis C Mortgages.

They are also the UK’s leading experts at planning Life Assurance and Mortgages for HIV Positive Families and are able to assist HIV Positive people looking for advice on their Pensions and Investments.

For more information about these services please contact our sponsors Unusual Risks Mortgage & Insurance Services by phone 0845 474 3075. Email Enquiries@unusualrisks.co.uk or visit us online at http://www.unusualrisks.co.uk/

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Life Insurance Advice For HIV Positive People … Cancellations and Disclosures

Our friends at Unusual Risks and their lead financial adviser Chris Morgan have been working with the Association of British Insurers over the the past year, to produce new guiding principles for insurers and also a new Life Insurance consumer guide for HIV Positive people. Both are due to be published very soon and they would like to talk about some of the main issues that they have asked to be included in the new consumer guide …

Cancellations and Disclosures! 

Every week they are approached by HIV Positive people with existing Life Insurance, who are unsure if their policies still cover them? Some of these people have paid premiums for literally years, without even knowing if their policy is valid. Many of these people found themselves in difficult circumstances at outset, that meant they decided not to disclose their personal information.

During the consultation process with the Association of British Insurers, they sited very strongly the need for Insurance Companies to do more to help HIV Positive people make informed decisions. Chris Morgan their Lead Financial Adviser has co-written the new Consumers Guide which aim to give clear and accurate information on these issues.

Ahead of the publication launch here’s some key issues for you to consider …

If you were HIV Negative at the outset of your Life Insurance and then subsequently became HIV Positive, then it is highly likely that you’re Life Insurance will continue to cover you. In Unusual Risk’s recent survey they discovered that 22% of HIV Positive people have cancelled an existing Insurance as a result of their diagnosis and that 40% of these people would in fact still have been covered by their insurance company.

If you were HIV Positive at the outset of your policy and failed to disclose this on the application form, then is it highly likely that your Life Insurance will be invalid and will not cover you. They understand that people do this for many different reasons and in fact sometimes applicants feel the need to make a false declaration to protect their confidentiality and private health information.

HIV positive people who have taken out Life Insurance without making the necessary disclosures may find themselves paying monthly premiums to an insurance company, without knowing if the their policy is valid. Unusual Risks are always happy to assist people in this situation and offer advice on the best way to handle sensitively any “Non Disclosure” situations you may have with an existing insurance company.

Many Life Insurance companies now offer Life Insurance to HIV Positive applicants, so it is no longer necessary to “Non Disclose” on application forms. Premiums and terms vary between the different companies, so be sure to approach an Independent Insurance Adviser like Unusual Risks for advice. Chris Morgan led a ten year campaign (1999-2009) to secure Life Insurance for HIV Positive people in the United Kingdom.

HIV Positive people who have existing Critical Illness Cover and Income Protection polices, should most definitely seek specialist financial advice before making decisions with their policies. There are so many variations of these types of policies that it’s advisable to consult a financial adviser before making any decisions. Unusual Risks are always happy to take a look at your existing policies if you feel unsure if they are still valid?

Watch this space for news of the new ABI Guiding principles for Insurance Companies and their new Consumer Guide, as both are expected to be published very soon.You can register your interest in receiving the new consumer guide by emailing your details to Unusual Risks at Enquiries@unusualrisks.co.uk When published the new guide will be available from us free of charge either by post or by email!

Our Sponsors Unusual Risks are the UK’s leading financial advisers offering advice to clients living with HIV or Hepatitis on HIV Life Assurance, HIV Life Insurance, HIV Mortgages, Hepatitis C Life Assurance, Hepatitis C Life Insurance, Hepatitis C Mortgages.

They are also the UK’s leading experts at planning Life Assurance and Mortgages for HIV Positive Families and are able to assist HIV Positive people looking for advice on their Pensions and Investments.

For more information about these services please contact Unusual Risks Mortgage & Insurance Services by phone 0845 474 3075. Email Enquiries@unusualrisks.co.uk or visit us online at http://www.unusualrisks.co.uk/

Posted in HIV Finance, HIV Life Assurance, HIV Life Insurance, HIV Mortgages, Unusual Risks | Comments closed

HIV Life Assurance & HIV Life Insurance – Latest News

The Association of British Insurers (ABI) have recently been consulting with stakeholders from within the HIV Community about their new “Guiding Principles” for insurance companies around HIV and Insurance.

Some of the community stakeholders that have recently been consulted include National Aids Trust, Terence Higgins Trust, Nam Aidsmap, HIV Scotland, George House Trust and Waverley Care.

Chris Morgan the lead financial adviser at Unusual Risks, is part of the working group that created the new principles and following the consultation we are expecting them to be completed and published very soon.

Also, the new ABI consumer guide about HIV and Life Insurance, that fits alongside the new best practice, will be published soon and we will keep you informed of developments as they happen.

The new guide will be used to raise awareness of the availability of Life Insurance for HIV positive people. 33% of HIV Positive people in the UK still believe they cannot obtain Life Insurance when it is in fact available?

Case Example: Loretta is Aged 48 and works as a nurse …

Loretta Said …

“I currently have a mortgage in place for £210,000 and would like to protect both myself and my family against potential problems in the future. I have one daughter aged 18 and I would like the security of knowing that she is looked after should anything happen to me”.

Loretta Continued …

“I would like to know more about Life Assurance and protecting my mortgage payments against the effects of taking off work due to illness. I’m currently taking medication, my CD4 count is strong and my viral load has been undetectable for the last two years”.

Here’s the latest news with regards to Insurance products for HIV Positive people …

Every week people still contact Unusual Risks not realising that they can now apply for Life Assurance to protect their Mortgages, Families, Children and Businesses. The Life Assurance industry repeatedly told the HIV Community that we were uninsurable for over two decades, so this is not surprising.

However, due to the HIV and Insurance campaign that their lead financial adviser Chris Morgan led for over a decade the insurance industry decided to offer Life Assurance to HIV Positive people in 2009. Life Insurance products are now available at both realistic and accessible premiums.

And Loretta?

Unusual Risks arranged HIV Life Assurance for Loretta on her new mortgage for £210,000 after showing her a number of options from £190,000 to £250,000. They always tailor any Life Insurance policy to their client’s individual needs and affordability, so contact us of a quotation.

Our sponsors Unusual Risks are the UK’s leading financial advisers offering advice to clients living with HIV or Hepatitis on HIV Life Assurance, HIV Life Insurance, HIV Mortgages, Hepatitis C Life Assurance, Hepatitis C Life Insurance, Hepatitis C Mortgages.

They are also the UK’s leading experts at planning Life Assurance and Mortgages for HIV Positive Families and are able to assist HIV Positive people looking for advice on their Pensions and Investments.

For more information about their services please contact Unusual Risks Mortgage & Insurance Services by phone 0845 474 3075. Email Enquiries@unusualrisks.co.uk or visit them online at http://www.unusualrisks.co.uk/

Posted in HIV Finance, HIV Life Assurance, HIV Life Insurance, HIV Mortgages, Unusual Risks | Comments closed

HIV Life Assurance & HIV Life Assurance Featured by My So Called Gay Life …

Unusual Risks and their latest research have been featured by the leading Gay publication “My So Called Gay Life” …

You can read the full article by clicking here …

http://mysocalledgaylife.co.uk/pub/2016/02/15/hiv-and-insurance-awareness/

Unusual Risks are the UK’s leading financial advisers offering advice to clients living with HIV or Hepatitis on HIV Life Assurance, HIV Life Insurance, HIV Mortgages, Hepatitis C Life Assurance, Hepatitis C Life Insurance, Hepatitis C Mortgages.

They are also the UK’s leading experts at planning Life Assurance and Mortgages for HIV Positive Families and are able to assist HIV Positive people looking for advice on their Pensions and Investments.

For more information about these services please contact Unusual Risks Mortgage & Insurance Services by phone 0845 474 3075. Email Enquiries@unusualrisks.co.uk or visit us online at http://www.unusualrisks.co.uk/

Posted in HIV Finance, HIV Life Assurance, HIV Life Insurance, HIV Mortgages, Unusual Risks | Comments closed

HIV and Insurance – Awareness

Our friends at Unusual Risks, the medical financial advisers are today announcing the first part of the results of their latest HIV and Insurance Survey. The survey has looked closely at issues, such as awareness of Insurance products and the cancellation of Insurance products by HIV Positive people.

Unusual Risks discovered that 33% of respondents still believed that Life Insurance was unavailable to HIV Positive people, even though products have been available since 2009. 67% of respondents correctly believed that Life Insurance was available to people with HIV.

42% of respondents believed that Income Protection and Critical Illness Cover were available to HIV Positive people, even though these products are yet to be offered by Insurance Companies. 58% of respondents correctly believed that IPP and CIC products were not available.

Speaking about their survey, Chris Morgan, Lead Financial Adviser of Unusual Risks Said;

‘The results of our latest survey show that there is still a great deal of work to do to promote awareness of HIV and Insurance products within the HIV Community. There still seems to be a great deal of confusion around the subject of Insurance for HIV Positive people’.

‘A third of respondents still believe that Life Insurance is unavailable to them, when in fact these products are available and  half of respondents believe that Income Protection and Critical Illness Cover is available, when in fact they are still unavailable.’

‘This survey was conducted amongst the widest group of HIV Positive people we have ever managed to reach. We would like to thank our friends at Baseline Magazine, NAM Aidsmap, The National Aids Trust and The Terence Higgins Trust for helping to promote this latest HIV and Insurance Survey’.

Chris Morgan and Unusual Risks have recently been working with the Association of British Insurers, during the drafting of their latest HIV and Insurance Guiding Principles. The ABI are now calling for stakeholders from within the HIV Community to consult on the new proposed guidance for Insurers.

The ABI’s new guidance includes principles on underwriting approach, collection of information, use of information, company policy, and HIV Testing. There is also a new HIV and Life Insurance Consumer Guide expected in the near future that Chris Morgan has assisted the ABI in writing.

The aim of the consumer guide is to improve awareness of HIV and Insurance within the community and to deliver clear and accurate information about the availability of Insurance. Unusual Risks hope this will encourage HIV positive people to protect their families and their financial future.

Unusual Risks are the UK’s leading financial advisers offering advice to clients living with HIV or Hepatitis on HIV Life Assurance, HIV Life Insurance, HIV Mortgages, Hepatitis C Life Assurance, Hepatitis C Life Insurance, Hepatitis C Mortgages.

They are also the UK’s leading experts at planning Life Assurance and Mortgages for HIV Positive Families and are able to assist HIV Positive people looking for advice on their Pensions and Investments.

For more information about these services please contact our sponsors Unusual Risks Mortgage & Insurance Services by phone 0845 474 3075. Email Enquiries@unusualrisks.co.uk or visit us online at http://www.unusualrisks.co.uk/

Posted in HIV Finance, HIV Life Assurance, HIV Life Insurance, HIV Mortgages, Unusual Risks | Comments closed

HIV Mortgage Survey …

Our friends at Unusual Risks are currently asking HIV Positive Mortgage Consumers to complete this very short two minute survey. This will help us to campaign for better treatment of HIV Positive people by the Mortgage Industry,

https://www.surveymonkey.co.uk/r/HBQNWN8

Posted in HIV Finance, HIV Mortgages | Comments closed

Are you HIV Positive? … Looking For Financial Advice or Life Insurance Advice?

Our friends at Unusual Risks are specialist financial advisers, that offer Mortgage and Life Insurance advice for HIV Positive clients. They offer a safe environment for people to discuss their private financial affairs, without fear of discrimination.

They have an unrivalled track record in securing equal rights for HIV positive people, within the UK financial services industry.  Their lead financial adviser Chris Morgan, represents HIV Positive consumers, within the Industry working group that creates the “Best Practice” guidance for Insurance companies.

He was also responsible for the introduction of Life Insurance for people living with HIV and is UK’s most knowledgeable financial adviser for HIV Life Assurance and HIV Mortgages. His commitment to offering financial advice to the HIV Communities has been unwavering for almost two decades.

They are sometimes asked … Why are Financial Advisers still needed in the HIV Community? 

DISCLOSURE

Some of of their clients find it difficult to disclose their HIV status to their bank, building society or local financial adviser. They feel safer and more comfortable disclosing what they consider to be private affairs, to a specialist financial adviser. They take client privacy extremely seriously! 

DISCRIMINATION

Sometimes they still hear stories of “changing attitudes” from bank staff, building societies and financial advisers once their client had disclosed their HIV status. You wouldn’t think that in 2016 that this would still happen in society, but sadly it still does. If you ever feel discriminated against when taking a financial product, they are here to help and represent you!

CONFIDENTIALITY

They often meet clients who wish to take out a mortgage or life insurance with their partner and are worried that their family, bank manager or doctor finding out about their private and confidential information. They are here to represent HIV Positive people and to help protect your personal identity!

KNOWLEDGE

Nobody in the United Kingdom has more knowledge than Chris Morgan and Unusual Risks about advising people living with HIV about their finances. People with HIV have specialist financial needs and most financial advisers do not have the knowledge to give the best advice possible to someone who is HIV Positive. They are here to help you find the best financial products and look after your financial future!

Unusual Risks are the UK’s leading financial advisers offering advice to clients living with HIV or Hepatitis on HIV Life Assurance, HIV Life Insurance, HIV Mortgages, Hepatitis C Life Assurance, Hepatitis C Life Insurance, Hepatitis C Mortgages.

They are also the UK’s leading experts at planning Life Assurance and Mortgages for HIV Positive Families and are able to assist HIV Positive people looking for advice on their Pensions and Investments.

For more information about these services please contact our sponsors Unusual Risks Mortgage & Insurance Services by phone 0845 474 3075. Email Enquiries@unusualrisks.co.uk or visit them online at http://www.unusualrisks.co.uk/

Posted in HIV Finance, HIV Life Assurance, HIV Life Insurance, HIV Mortgages, Unusual Risks | Comments closed

Unusual Risks Featured In Financial Times – FT Adviser – HIV Life Assurance

Our friends at Unusual Risks have recently been featured in the Financial Times – FT Adviser Newspaper, which is the UK’s leading Financial Industry publication.

Unusual Risk are very grateful to FT Adviser for their continued support on HIV and Insurance issues. This article features our recent HIV and Insurance Survey, where they established 72% of insurers are now offering some form of HIV Life Assurance.

Unusual Risks also discovered that 0% of Insurance providers currently offer Income Protection and Critical Illness Cover.

You can read the full article here …

http://www.ftadviser.com/2015/10/28/insurance/nearly-three-quarters-of-providers-offer-hiv-cover-RX7nKcInvcLauKdgRzwnKN/article.html

Our friends Unusual Risks are the UK’s leading financial advisers offering advice to clients living with HIV or Hepatitis on HIV Life Assurance, HIV Life Insurance, HIV Mortgages, Hepatitis C Life Assurance, Hepatitis C Life Insurance, Hepatitis C Mortgages.

They are also the UK’s leading experts at planning Life Assurance and Mortgages for HIV Positive Families and are able to assist HIV Positive people looking for advice on their Pensions and Investments.

For more information about these services please contact our sponsors Unusual Risks Mortgage & Insurance Services by phone 0845 474 3075. Email Enquiries@unusualrisks.co.uk or visit us online at http://www.unusualrisks.co.uk/

Posted in Critical Illness Cover, HIV Finance, HIV Life Assurance, HIV Life Insurance, Income Protection, Unusual Risks | Comments closed

HIV and Insurance Survey … HIV Life Assurance Research

Our friends at Unusual Risks, the medical financial advisers are today announcing the results of their HIV Insurance Survey. After contacting all of the major Life Assurance providers in the UK, they can report that 72% of insurers are now offering some form of HIV Life Assurance.

This is the fifth year that Unusual Risks have surveyed the availability of HIV Life Assurance in the UK, with the earliest survey result in 2011 indicating only 50% of insurance providers were offering any form of HIV Life Assurance.

This year Unusual Risks have broadened the focus of their survey by highlighting the lack of availability of Income Protection and Critical Illness Cover to people living with HIV. The Campaign to secure IPP & CIC for HIV Positive people has now been running for just over 12 months.

Speaking about their survey, Chris Morgan, Lead Financial Adviser of Unusual Risks said;

‘We recently surveyed the top eleven life assurance groups, servicing brokers and were delighted to see that 72% of companies are offering Life Assurance to HIV Positive people. It is encouraging to see an increasing number of Life Assurance providers and products available to the HIV community’.

‘Unusual Risks are actively campaigning for Insurance providers to offer Income Protection and Critical Illness Cover to HIV Positive people and are currently in discussions with the Association of British Insurers over these matters on behalf of the HIV Community’.

‘Over the last twelve months we have seen an increase from 61% up to 90% of HIV Positive people, that would consider IPP & CIC if it were available in the market place. Every week HIV Positive people contact my office looking for these products to protect their mortgages, partners and families’.

In this year’s HIV Insurance Survey Unusual Risks once again established that currently 0% of the major Insurance companies currently offer any form of Income Protection Insurance or Critical Illness Cover to people already diagnosed with HIV.

Earlier in the year Unusual Risks released research supporting the suggestion that Insurance companies should consider doing so, as 89% of the respondents had taken less than 7 days off work due to sickness in the last twelve months and 74% of respondents had taken less than the national average of 4 days or less.

Chris Morgan at Unusual Risks led the campaign for the introduction of HIV life Assurance from 1999 through to its introduction in 2009.  He believes that it’s now time the UK Insurance industry take a serious look at providing Income Protection and Critical Illness Cover for people with HIV.

Our sponsors Unusual Risks are the UK’s leading financial advisers offering advice to clients living with HIV or Hepatitis on HIV Life Assurance, HIV Life Insurance, HIV Mortgages, Hepatitis C Life Assurance, Hepatitis C Life Insurance, Hepatitis C Mortgages.

They are also the UK’s leading experts at planning Life Assurance and Mortgages for HIV Positive Families and are able to assist HIV Positive people looking for advice on their Pensions and Investments.

For more information about these services please contact our sponsors Unusual Risks Mortgage & Insurance Services by phone 0845 474 3075. Email Enquiries@unusualrisks.co.uk or visit us online at http://www.unusualrisks.co.uk/

Posted in HIV Finance, HIV Life Assurance, HIV Life Insurance, HIV Mortgages | Comments closed