Average Gay Life Assurance Increases …

Here’s some Gay Life Assurance news from Compass our sponsor’s older brother …

Compass, the gay mortgage and insurance advisers have today published their latest research into the amounts of Life Assurance that gay men and women insure themselves for. The research, which follows on from similar surveys in previous years, shows that the average Life Assurance policy taken by the gay community is now £242,578*.

 This figure means that the gay community are now insuring themselves for far more than the previous year’s figures being £189,311 (2009), £217,887 (2010) and £228,524 (2011). This year the figure has grown further by an astonishing £14,000, which is a 6% annual increase on the previous year’s survey.

Compass this year have also looked at the amount of gay & lesbian people taking out Income Protection policies (accident & sickness cover), alongside their Life Assurance. They are able to report that this figure currently stands at 20%*, which is very similar to last year’s Critical Illness Cover figure of 22%*.

Compass is able to arrange Life Assurance, Critical Illness Cover, Income Protection and Private Medical Insurance for gay men and women. They are also specialists at finding mortgages and life assurance for people living with HIV, without unnecessary personal questions and blood testing.

*Chris Morgan surveyed over 100 policies taken out by gay men and women between 1st January 2011 and 31st December 2011 and recorded the sum assured of each policy. Of the people surveyed only 20% included Income Protection and only 22% included Critical Illness alongside the Life Assurance they were applying for.

*Chris Morgan surveyed over 100 policies taken out by gay men and women between 1st January 2011 and 31st December 2011 and recorded the sum assured of each policy. Of the people surveyed only 20% included Income Protection and only 22% included Critical Illness alongside the Life Assurance they were applying for.

If you require more information on HIV Life Assurance & HIV Mortgages you can contact our sponsor Unusual Risks Mortgage & Insurance Services on 0845 474 3075, or email at mailto:enquiries@unusualrisks.co.uk.co.uk and on the web http://www.unusualrisks.co.uk/

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