Types of Life insurance plans for HIV+
Published on March 19, 2023 last updated on March 20, 2023If you have HIV, there are several types of life insurance policies that may be available to you, depending on your individual circumstances and the insurance company you are working with. Here are some of the types of life insurance policies that may be available to you (ranked in order):
- Guaranteed issue life insurance: This type of policy is available to anyone, regardless of their health status. Guaranteed-issue life insurance policies typically do not require a medical exam or health questions, but they may have lower coverage limits and higher premiums than other types of policies.
- Traditional life insurance: Traditional life insurance policies are available to those with HIV, but they may be more difficult to obtain and may have higher premiums and lower coverage limits than policies for those without pre-existing conditions. Traditional life insurance policies may also require a medical exam and detailed medical history information. You generally must have exceptional health to qualify to get this plan and we would recommend you speak with one of our advisors here first before you consider this route. Here are some questions the insurance company would ask https://lifeinsurancehiv.com/what-are-the-questions-life-insurance-companies-will-ask/
- Accidental Death and Dismemberment insurance (AD&D): AD&D insurance policies only cover accidental death or dismemberment and do not provide coverage for non-accidental causes of death or disability. Additionally, the policyholder must die or become injured as a direct result of an accident in order to receive benefits under the policy.
It is important to work with an experienced insurance agent who is familiar with the unique challenges of obtaining life insurance with HIV. They can help you navigate the process and find the best policy to meet your needs and budget. Here at LifeInsuranceHIV, we have been providing coverage to folks with HIV since 2008 and can help you navigate through the process. Give us a call or message us for help!