HIV Life Assurance, HIV Life Insurance and HIV Mortgage Blog

Our sponsors … Unusual Risks, the medical financial advisers are today announcing further results from their latest HIV Life Assurance research. After conducting the most extensive survey into the financial needs of the HIV community, they can now confirm that 70% of HIV Life Assurance applications are being made in connection with a mortgage.

This figure is very encouraging for a community that for many years was unable to get Life Insurance and in turn was reluctant to take out Mortgage finance. The survey shows that HIV positive people are starting to look after their financial future and protect their homes. The survey also established that 30% of Life Insurance applications are taken out as family protection for partners and children.

Speaking about their survey, Chris Morgan, Marketing Manager of Unusual Risks said;

‘We’re delighted to see that the HIV community are now protecting their homes and their families with Life Insurance and Life Assurance. The introduction of HIV Life Assurance products has been hugely successful because it has encouraged people to plan for the financial future and purchase a home for their family’.

‘Every week I’m contacted by HIV Positive people who are still unaware that they could apply for Life Insurance and Mortgage products without fear of discrimination. Unusual Risks are committed to helping the HIV Community find the best financial products from the wide range of those now available in the market place ’.

In their latest survey Unusual Risks have looked into the financial needs of the HIV community in greater detail, with the percentage of HIV Positive people that now have insurance running at 23%. They also established that 58% of those now holding life insurance had taken their policy after the introduction of HIV Life Assurance in May 2009.

Chris Morgan and Unusual Risks have been helping people living with HIV to find the best Mortgage and Life Assurance for their needs for the last fifteen years. Unusual Risks in the next few months are set to release more research into the other types of insurance that HIV+ people are likely to be interested in were they to become available in the market place.

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

Our Friends at Unusual Risks are the UK’s leading Mortgage and Insurance advisers within the HIV community …

Our Lead Financial Adviser Chris Morgan started the campaign to get HIV Life Assurance products in 1999 and continued negotiations with the Insurance Industry through until the introduction of products in 2009.

We are the UK’s most knowledgeable and experienced advisers on HIV Life Insurance and HIV Mortgages in the UK and constantly research the financial needs of the HIV community and the financial products available.

These are some examples of the research we have completed in the last two years and the results we have published in the national press.

* We are Independent advisers currently sourcing products from 40 different Mortgage lenders and 20 different Insurance providers.

*70% of Life Insurance providers now offer Life Assurance to people with HIV, however, the term and premiums for this type of cover can vary wildly.

*23% of HIV Positive people now have some form of Life Assurance policy in place to protect their Mortgage, Home, Family, Partners or Children.

*70% of HIV Life Assurance Applications are taken out to protect Mortgages and Homes, with 30% taken to protect Families, Partners and Children.

* The Average amount of HIV Life Assurance being taken out by applicants is currently £114,607.

*0% of UK Insurance Companies are currently offering Income Protection policies and Critical Illness Cover to people living with HIV.

We are currently collecting data relating to the needs of the HIV community around Income Protection and Critical Illness Cover in order that we can challenge the Insurance Industry on this important issue in the future

If you have been on HIV medications for at least 12 months and are either employed, or self-employed we would like to ask you to complete our latest  HIV Insurance Survey.

Click Here To Complete Our Survey https://www.surveymonkey.com/s/7HD379C

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

In the latest of a new series of mini articles the lead financial adviser at our sponsors Unusual Risks, Chris Morgan shares some of the themes that have been emerging since the introduction of HIV Life Insurance and HIV Life Assurance products in the UK …

Here’s some advice for those who are thinking about surrendering their Life Assurance following their HIV diagnosis.

The vast majority of Life Assurance polices do in fact cover HIV if the policy holder was negative at the start of the policy. If you bought your insurance in good faith before, then you should check the paperwork, maintain your premiums and continue the plan as you would have before your diagnosis.

If you have cancelled your Life Insurance plan in the past as a result of your diagnosis and are now without any Life Assurance, there are now many new options for taking Life Assurance that include HIV. Many people are now protecting their children, families, mortgages and homes with HIV Life Assurance.

Many HIV+ people still have endowment policies from the past that they may have elected to keep because they at least wanted some Life Assurance. If you do have an existing endowment it may be worth reviewing your options against the new Life Insurance options that are now available.

Our recent research shows that 76% of HIV+ people cancel their Life Assurance following their diagnosis in the belief that they are not covered on their policy. Before you cancel your policy please make certain that you are making the right decisions with your insurance policies and seek expert financial advice.

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

Our friends at Unusual Risks have once again attracted National Headlines with their latest research into the financial needs of the HIV community …

The leading UK Insurance Industry publications Cover Magazine and Health Insurance Daily, both ran the story that 23% of HIV Positive people now have Life Assurance.

To read their articles about HIV Life Assurance and HIV Life Insurance please follow the links below …

http://www.covermagazine.co.uk/cover/news/2329209/hiv-positive-people-entering-insurance-mainstream

https://www.healthinsurancedaily.com/health-insurance/product-area/life-critical-illness/article436940.ece

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

In the second of a new series of mini articles Chris Morgan, the lead the financial adviser from our sponsors Unusual Risks, shares some of the themes that have been emerging since the introduction of HIV Life Insurance and HIV Life Assurance products in the UK …

Should I disclose my HIV status to my Bank or Building Society?

Many banks and building societies have a policy of offering insurance products with every mortgage they arrange. This means that if you are HIV Positive you may be faced with answering difficult questions about your health history and HIV status at some point during the mortgage process.

In the majority of cases you are not obliged to take Life Assurance through your bank or the financial adviser they may have introduced you to. The majority of banks do not offer Insurance products to HIV Positive people, so if you need HIV Life Assurance you should seek independent advice.

Unusual Risks are specialists at looking after the HIV and Hep C communities and will be able to help you find Life Assurance or Mortgages without answering the personal questions from your bank. We are able to help you find Life Assurance to protect your mortgage, children or family.

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

Our Sponsors … Unusual Risks are the UK’s leading experts at finding Mortgages for people living with HIV or Hepatitis C.

We  offer services that are specifically designed for people with HIV or Hepatitis C, that avoid the personal health questions that are sometimes associated alongside taking Mortgages and Insurances. Our experience of looking after people with HIV dates back some 15 years in regards to offering Mortgage Advice to people with HIV or Hepatitis C.

The most popular question that people ask us when taking out a new Mortgage is simply

… How Much Can I Borrow?

There have been so many changes to the way that Mortgages are agreed recently it has created a lot of confusion. It was not so long ago that people could “self-certify” their income and a Mortgage lender would take their word for the amount that they earned in income, without seeing any hard evidence.

This has now completely changed so here’s some advice for people who are now looking to take out a Mortgage.

1) You will now be required to prove your income before a lender agrees a Mortgage. It is advisable to have your last three months payslips handy if you are an employee and your last two year’s accounts / tax returns to hand if you are self -employed before speaking to a Mortgage Adviser.

2) Lenders also require you to have a cash deposit to place against the property as security. Most lenders will require at least 5% of the purchase price, but some require up to 10% , or even 15% of the purchase price before agreeing a Mortgage. Mortgage lenders offer better interest rates for those placing bigger deposits as security.

3) Mortgage lenders have completely changed the way that they calculate the amount that they will lend to you. In the past they offered set multipliers of your income. Now, they look very closely at your past credit record and contractual outgoings  like existing loans and credit cards before making their final calculations.

4) Lenders will even look at your regular bills like gas, electricity, water, phone bill before calculating the amount of Mortgage they will offer you. This new detailed process has created a lot of confusion and sometimes frustration for people trying to take out a new Mortgage.

Unusual Risks are constantly in discussions with Mortgage lenders about their changing criteria and are experts at maximising the amounts that clients can borrow from lenders. We offer completely “Independent” Mortgage Advice in return for “Set Fees”, which means you don’t have all of the worry about finding the right lender for your needs.

If you are having trouble finding the right Mortgage then why not give us a call?

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

Our Friends … Unusual Risks, the medical financial advisers are today announcing the results of their latest HIV Life Assurance research. After conducting the most extensive survey ever into the financial needs of the HIV community, they can now confirm that 23% of HIV Positive people now have some form of Life Assurance policy.

This figure compares favourably with research that was conducted during 2011 showing that 82% of HIV People had no Life Assurance whatsoever. Also within this more detailed survey Unusual Risks has established that 42% of those insured had taken their policy before the introduction of HIV life Assurance in 2009 and 58% had taken their policy after this date.

In their latest survey Unusual Risks have looked into the financial needs of the HIV community in greater detail, with a focus not only on the headline figure of people holding insurance, but also looking at when they took out their insurance policy. This was to highlight to people that are newly diagnosed they should always check if they are still covered on their existing policies before cancelling any taken before May 2009.

Chris Morgan and Unusual Risks have been helping people living with HIV to find the best Mortgage and Life Assurance for their needs for the last fifteen years. In the next few months they will be releasing further detailed research into the reasons that HIV+ people take insurance and the other types of insurance HIV+ people are likely to be interested in if they were to become available in the market place.

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

In the first of a new series of mini articles our sponsors lead financial adviser, Chris Morgan shares some of the themes that have been emerging since the introduction of HIV Life Insurance and HIV Life Assurance products in the UK …

Where Can I Find HIV Life Assurance or HIV Life Insurance?

When I started campaigning on HIV issues more than 15 years ago, it was my dream that people living with HIV would be able to access Life Assurance and Mortgage products in the same way as any other community and that they would not feel excluded or discriminated against.

Things have changed so much recently that we’ve been getting many enquiries for Life Insurance and Life Assurance from people who are being offered Insurance by their own bank. People are coming to us after being offered Life Insurance or Life Assurance by there bank and being asked questions about their health status.

Times have changed dramatically in a relatively short space of time on these issues, which has meant that people living with HIV are now facing new challenges when interacting with their bank. We are receiving calls every single week from people not wishing to answer questions from their bank.

If you are asked about your HIV status by your bank when taking a Mortgage or Insurance and you are not comfortable with sharing this information then you should seek independent financial advice. Unusual Risks are specialists at finding Life Assurance and Mortgages for people living with HIV.

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