A diagnosis of HIV or AIDS is devastating on a person and their family. Although there have major breakthroughs in HIV/AIDS treatment and research, it is still incredibly scary. But here’s some good news. Having AIDS or HIV means you can’t get burial insurance for people with AIDS.
What Is AIDS?
Acquired Immune Deficiency Syndrome or AIDS is a life-threatening illness that can be caused by unsafe sex, contaminated blood transfusion, hypodermic needles, or even from a mother to her child during pregnancy.
As the most advanced stage of HIV infection, AIDS can be fatal. It attacks when a person’s immune system is dwindling, and they have one or more other medical conditions like cancer.
AIDS Symptoms You Must Know
The early-stage infection of HIV occurs in the previous six months. During the first 2-4 weeks after the infection, nearly 40-90% of the patients have flu-like symptoms that may include:
- Night sweats
- Mouth ulcers
- Sore throat
- Muscle ache
- Swollen lymph nodes
The symptoms usually last for a few weeks or just some days depending on individual conditions. Sometimes, in rare cases, people affected with HIV may not show any symptoms for ten years or beyond. During this time, they may spread the infection to others as well.
When HIV reaches the advanced stage without the patient taking any medication, the virus attacks the weakened immune system and causes AIDS. The symptoms will include sore throat, dry coughing spells, rapid weight loss, short breaths, night sweats, or fevers for a long time, headaches, numbness in your limbs, or diarrhea.
Sometimes, the patients may have more than normal bruising, chronic pelvic inflammatory disease, or lost reflexes. Bleeding from nose, mouth, anus, or vagina can also happen. Patients are unable to move or control their muscles in extreme cases of AIDS.
What Are the Potential Treatments of AIDS?
Over the past decades, researchers have studied a lot about the human immunodeficiency virus (HIV) and acquired immunodeficiency syndrome (AIDS). Still, more research is required to help the millions of people whose health continues to be threatened by the global HIV / AIDS pandemic.
Some of the amazing researchers in this field have found a practical, economical method to cut HIV transmission from infected mothers to their breastfed children. Others have developed an index to measure the role of alcohol misuse in illness and death of people with HIV/AIDS.
The outlook for people living with HIV has considerably improved over the past 20 years. Many HIV-positive people can now live much longer, healthier lives when regularly taking antiretroviral treatment.
Why Do People With AIDS Need Burial Insurance?
AIDS attacks your immune system and causes life-threatening infections. Although treatments can improve your life expectancy, there is no cure for this disease, leading to a premature demise. A person affected with AIDS has to confront death every day, making buying burial insurance a viable decision.
With this insurance, you can cover the funeral costs since they are exorbitantly expensive. Burial and funeral may cost up to $10,000, and your final expense insurance can cover this cost to provide financial protection to your family.
Don’t forget that people with AIDS leave their loved ones with massive debts and hospital bills. Burial life insurance for people with HIV gives your survivors the necessary funds to pay these debts and give you the funeral that you’d want.
What Goes Into Burial Insurance Underwriting for AIDS?
The underwriting process for burial insurance largely differs from the term or whole life insurance. Very few companies offer term life insurance for people with HIV. The underwriters need a lot of information to understand the severity of your infection and health conditions. Some basic requirements for standard life insurance with medical underwriting include:
- You should be 30-65 years
- HIV should be undetectable for a minimum of the last two years
- Diagnosed with HIV infection more than five years ago
- Undergoing ART for 2-5 years without any lapse
- You have to provide the doctor’s APS with follow-ups every six months
- Have CD4 count up to 350 cells per mm3 or more for at least previous two years
- Have no prior history of hepatitis B/C, coronary artery disease, diabetes, cancer, alcoholism, drug abuse, psychiatric conditions, or resistance to ART medications
Unfortunately, no final expense insurance companies offer a plan which accepts folks with AIDS or HIV. But there is another option available. It will help if you secure a guaranteed issue life insurance plan. These plans are different from burial insurance plans and have a different set of rules. But the important part is that you can protect your loved ones at an affordable cost.
Those with HIV or AIDS are disqualified for all types of final expense insurance that use underwriting in their policies. Life insurance underwriting determines one’s health eligibility in 2 ways. One is a health questionnaire. The second is by pulling your MIB file.
“MIB’s Underwriting Services are used exclusively by MIB’s member life and health insurance companies to assess an individual’s risk and eligibility during the underwriting of life, health, disability income, critical illness, and long-term care insurance policies.”
Your prescription history is essentially on this file, so if a prescription is used to treat HIV or AIDS is detected, you will get turned down.
Honesty is key when completing the health questionnaire. If you omit that you have HIV or AIDS, it will come up in your prescription history record, and you will still be declined.
Should You Tell Insurance Company About Your AIDS?
Although you will not be forced to disclose your AIDS conditions to the insurance carrier, you shouldn’t hide it if the company asks. When answering a health-related questionnaire during the application process, you should be honest with the company.
You will never need to take a medical exam when buying burial life insurance for people with HIV. You simply need to answer some health questions honestly on your application. HIV and AIDS are conditions that surely affect and limit your choices when it comes to life insurance. But fear not, there are still options available for those with HIV / AIDS.
But those who have HIV will have to face an unavoidable two-year waiting period before the policy will pay its full death benefit, despite the advances mentioned earlier.
We’ve helped many people with HIV obtain cost-effective final expense life insurance. In fact, it is fairly straightforward.
Medications That Can Disqualify You from Insurance
Having any of these medications show up on your prescription drug history file, you will be immediately disqualified for any burial insurance plan with underwriting requirements. I know it doesn’t seem fair, but it is just the truth.
Why Do Insurance Companies Consider People With AIDS as High-Risk Individuals?
Since the data and statistics go against the people with AIDS, insurance companies refrain from dealing with this huge financial risk. Some advancement in the medical industry is helping in AIDS treatment to increase life expectancy. However, people with AIDS get other illnesses years before non-infected persons. They may have a heart attack 16 years earlier than a healthy person.
Despite the promising ART treatment results, many patients still are unable to fight the undetectable HIV viral load. Nearly 30% of HIV infected people can get viral separation, while less than 50% of them have to live in medical care. Hence, insurance providers are so wary about the health of people having AIDS.
Burial Insurance for People with AIDS FAQs
Are There Policies for You?
Due to medical advancement, burial insurance companies now offer life insurance for people with HIV or AIDS.
What Are the Plans Available?
If you want to buy burial insurance despite having AIDS, you can look for guaranteed issue life insurance policies that will accept you regardless of your medical conditions.
Do You Have Other Options?
Some insurers are creating new policy terms for HIV positive patients with affordable coverage amount.
What Are the Underwriting Considerations?
The best plan is determined by your HIV or AIDS diagnosis and antiretroviral treatments.
Do You Need A Medical Exam for Policy?
Regardless of your AIDS conditions, you don’t need the medical exam to qualify for funeral expenses. The application process needs you to answer some health questions instead.
Is It Possible to Get Same Day Approvals?
Most insurance providers offer same-day approvals over the phone if you work through an independent agent like us.
What Are Your Options for Burial Insurance If You Have AIDS?
Guaranteed issue life insurance, or guaranteed acceptance life insurance, is a life insurance policy with no health qualifications. Policies are often geared toward the elderly or those with serious health problems since most conventional insurance policies require higher premiums and come with medical conditions. Most people who apply for guaranteed issue life insurance cannot be turned down. The only reason someone may be turned down is if they are under or over the age requirement.
Guaranteed issue life insurance for people with HIV generally comes with higher premiums because it knows nothing about the insured’s health. This also means that death benefits will be lower. Despite these considerations, it is still valuable for folks who can’t otherwise get insurance, assuring they can leave something behind to their loved ones.
The coverage under this policy may range from $1000 to $25,000, though some insurance carriers may also offer coverage up to $50,000.
Graded Death Benefit in a Guaranteed Issue Policy
In addition to having higher premiums, Guaranteed Issue has a two-year waiting period. This is due also to the fact that the Insurance Company has no idea if you are near death or are on borrowed time.
Due to this clause, you have to live for the waiting period after your policy becomes effective to get the death benefits. If you die due to natural causes within this period, the policy will not pay the full coverage amount. The company will instead refund the premiums with 10% interest.
What Are the Benefits of Guaranteed Issue Plan?
Although there are some drawbacks mentioned with Guaranteed Issue Insurance, there are also some excellent aspects. You don’t have to be a policy genius to see why.
First of all, you can get insurance coverage where you may have given up at this point. Maybe you have been turned down in the past and feel hopeless. We are here to restore that hope and let you know that we can help people with AIDS or HIV!
Life insurance for people with HIV also has a straightforward application process. All we will ask you for is your necessary personal information, who you are selecting as your beneficiary, and your payment information. It’s really just that simple.
The death benefits are tax-free, and they never decrease throughout the policy term. Your insurance premiums also remain unchanged throughout your remaining life.
Which Companies Can Offer Coverage for People With AIDS?
A few insurance providers offer coverage for people with HIV or AIDS. They include AIG, Gerber Life Insurance, and Great Western Insurance Company. Thankfully for you, all these companies are financially stable and highly rated for their product and services.
How to Find the Best Insurance Company If You Have AIDS?
First off, it is incredibly important to with an independent agency, like Insurance for Final Expense.
We work with multiple carriers, and we know which ones offer the most competitive policies. With many insurance companies offering burial insurance for HIV patients, it’s essential to work with a trusted agent who knows which companies have the most affordable rates. Mutual Of Omaha, Gerber Life, & AIG, by far, outcompete all of the others.
Feel free to use the Quote Tool on our website to see what is available to you!
If you need help with a guaranteed issue or final expense insurance, it would be our honor to assist you. Please call us at 1-800-400-8319. If you would rather that we call you, just fill out the quote form on this page, and a licensed agent will be in touch with you promptly.