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 final expense insurance.
Advances in HIV & Aids Research
Over the past several decades, researchers have learned a lot about the human immunodeficiency virus (HIV) and the disease it causes, acquired immunodeficiency syndrome (AIDS). But still more research is needed 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 infants. Others have developed an index to help measure the role of alcohol consumption 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 people who are HIV-positive can now live much longer, healthier lives when regularly taking antiretroviral treatment.
Kaiser Permanente researchers found that the life expectancy for people living with HIV and receiving treatment increased significantly from 1996 on.
In 1996, the total life expectancy for a 20-year-old person with HIV was 39 years. In 2011, the total life expectancy bumped up to about 70 years.
|Earvin (Magic) Johnson shocked the world a bit over 28 years ago when he announced that he was HIV positive. That was on November 7th, 1991. He also announced on that day that he would be retiring from the NBA after 12 seasons. At that time many people thought the diagnosis was a “death sentence” in his own words.|
Magic Johnson was (and is) a beloved human being worldwide. “Magic is head-and-shoulders above everybody else,” Larry Bird once observed in the Chicago Sun-Times. “I’ve never seen [anybody] as good as him.”
- He was an all-star in 11 of 12 seasons, missing only because of a knee injury.
- He played in nine NBA finals and on five championship teams.
- He was a three-time most valuable player and three-time MVP of the finals.
- He left as one of the most popular players in NBA history. His endorsement income — an estimated $9 million — dwarfed his Laker salary of $3.1 million.
- Magic Johnson went on tto create a foundation in the fight against H.I.V.
Getting Final Expense Insurance with HIV / Aids
You can get burial insurance with HIV. But those who have HIV will have to face an unavoidable two year waiting period before the policy will pay its full death benefit, in spite of the advances mentioned earlier.
We’ve helped many people with HIV obtain cost-effective final expense life insurance. In fact, it is fairly straightforward.
The Facts About Final Expense Insurance for Those with HIV Or AIDS
Unfortunately, no final expense insurance companies offer plan which accept folks with AIDS or HIV. But there is another option available. You simply need to secure a guaranteed issue life insurance plan. These plans are different from a burial insurance plans and have a different set of rules. Bust the important part is that you can protect your loved ones at an affordable cost.
No Medical Exams
You will never need to take a medical exam with these policies. You simply need to answer some health questions honestly on your application. HIV and AIDS are conditions which 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
Knowing What Choices are Available to Those With HIV Or AIDS
Those with HIV or AIDS are disqualified for all types of final expense insurance that use underwriting in their policies. Life insurance who use underwriting determine 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.” Essentially, your prescription history is on this file, so if a prescription 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.
Below is a List of Medications Used for the Treatment of AIDS and HIV.
Having any of these medications show up on your prescription drug history file, you will be immediately disqualified for any burial insurance plan that has underwriting requirements. I know it doesn’t seem fair, but is just the truth.
This is Why You Need to Go with a Guaranteed Issue Life Insurance Plan
What Is Guaranteed Issue Life Insurance?
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 policies generally come with higher premiums because the insurance company 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 are able to leave something behind to their loved ones.
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.
Although there are some drawbacks mentioned with Guaranteed Issue Insurance, there are also some excellent aspects of it. You don’t have to be a policy genius to see why.
First of 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!
These policies are also have a very simple application process. All we will ask you for is your basic personal information, who you are selecting as your beneficiary, and your payment information. It’s really just that simple.
How to Get The Best Guaranteed Issue Final Expense Insurance With HIV Or AIDS
First off, it is incredibly import 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 these policies, it’s important 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 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.