People with HIV can get life insurance although you will fall into a guaranteed issue situation.
Insurance companies are all about how long you are expected to live. Unfortunately HIV reduces the mortality. Most insurance companies will not underwrite these people.
Companies that offer a guaranteed issue or perhaps a graded benefit will look at giving you some life insurance however the death benefit available is limited.
Unfortunately, people with HIV have a very hard time getting life insurance. Even if they have had no symptoms and have lived for many years being HIV positive, they are put into the same category as those who have the final stage of HIV infection, which is AIDS.
If age 40 or over, there are guaranteed issue policies that can be purchased by persons with HIV. Younger people might want to look to credit unions or other sources that offer low face amount policies with no health questions, as a perk for signing up.
There is a Group policy available to individuals through a membership plan. The membership comes with $10,000 in Life Insurance with the option to buy-up in $10,000 increments up to $100,000 in total coverage. It is very inexpensive compared to those guaranteed policies and any age can purchase as long as you work 30 hours or more per week and the membership comes with advantages like discount dental, vision, pharmacy benefits also. It is not available in AK, MT, SD, UT VT, or WA. Contact me for more information
Agent Owner, Gilmore Insurance Services, Marysville, Washington State
Can people with HIV get life insurance? In the traditional sense? no. Some states allow for guaranteed issue or graded policies to be sold. These type of policies will be priced much higher than traditional life insurance, but if one path is closed, another opens up and any person with serious health conditions should weigh out the cost to the benefit of having life insurance.
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Insurance companies are all about how long you are expected to live. Unfortunately HIV reduces the mortality. Most insurance companies will not underwrite these people.
Companies that offer a guaranteed issue or perhaps a graded benefit will look at giving you some life insurance however the death benefit available is limited.
If age 40 or over, there are guaranteed issue policies that can be purchased by persons with HIV. Younger people might want to look to credit unions or other sources that offer low face amount policies with no health questions, as a perk for signing up.