Can I buy occupancy go insurance for my aunt who lives within CA?
I live in Florida and was in recent times wondering if I can purchase a term life insurance policy for my aunt within California? Will the term life insurance policy be within my name or her name, because I will be paying for the policy?…

How to find good term life insurance?
Looking to get life insurance on myself. Need to replace 70K per year income in the event of my death. Need to support my wife and 4 year old son. What type of insurance would be best, and what type of investment advice could be given for my family to invest…

I am having trouble understanding the different types of Life Insurance.?
My husbavd and I have been married for 5 years.I have started looking into life insurance now that we are on our feet. I am SO confused about term life insurance and “non” term life insurance. My husband doesn’t want to deal with it because he “doesn’t…

Is it true that a occupancy vivacity insurance plan doesnt recompense out tthe full policy amount when you die?
example…my term ploicy is worth 30000. when i die, will the whole 30000 be given to me? occupancy type – renewable and convertible also, which company has the best term plans? As a common rule term life insurance policies…

I’ve just had a baby boy, and my girlfriend and I need term life insurance, can you help me find a great deal?
I live in Texas-San Antonio, I am 19 and she is 19 and we are both non-smokers in good health, we are full time college students, we have a very limited income, and even more…

Should I unload my Variable Life Insurance?
I have had this variable term life insurance policy for almost 10 years now and it hasn’t kept up with the projections the sales guy told me 10 years ago. This is mainly due to the high fees. About 55% of my yearly contribution is lost in “fees”. There would be…

What is a GTL plan?
GTL PLan is a Voluntary Group Term Life Plan provided by an employer for their employees. The employer buys a master policy and issues certificates to the employees evidencing coverage under the group life insurance policy. Group term life insurance is usually issued as yearly renewable term insurance. Employers may pay all…

Any disadvantages to having two (20 & 30 yr) term life insurance policies for half the amount each?
This is in place of one 30 yr term life policy for the entire amount. We have quotes that show a lower combined premium when we split the policies; by about 0 a year. Insurance is for 41 year old…

What’s better term life insurance or Variable Universal life insurance?
As an Insurance professional, I would be wrongly stating if one or the other was better. Both serve a purpose; which should be to replace income if a loss of life situation occurs. Term Life Insurane – The Pros – It is less expensisive than VUL so…

What’s the best term life insurance to go with?
I think I need around 0K. I’m 47. Healthy. Don’t smoke. Best company? Cheapest? There are so many choices out there its confusing. Not all companies write in all states. Your best bet is to contact a local, independent agent who can give you quotes with a variety of…

Which company has the best term life insurance premiums for a 47 yr old healthy man?
There are a few ways you can find out which companies have the best term life insurance premiums for a 47 yr old healthy man: 1) Look in the yellow pages for an insurance agent specializing in life insurance who can…

Which life insurance is better? Any ideas on ROP?
I am 28 years old/non smoker/good health/no existing health conditions. I am looking into get a life insurance policy. I am more inclined to get a term life insurance, but I heard about this ROP(return of premium)., do any of you have any advice regarding this kind of policy….

Why are metlife, prudential, and New York life allowed to keep selling whole life, variable life, and other bs
This goes out to all the idiots who answered me before saying take your personal problems elsewhere, or i was dooped for having a 5th grade education. But actually i have 0,000 term life insurance, max out my Roth…

Best term length for life insurance?
Looking to get term life insurance in the wake of a growing family. I’m 27 and looking to cover for my wife and daughter. So what is the best term length to be looking at? Most default to 10 or 20, although they seem to be out there up to 30 years….

Can I buy occupancy go insurance for my aunt who lives within CA?
I live in Florida and was in recent times wondering if I can purchase a term life insurance policy for my aunt within California? Will the term life insurance policy be within my name or her name, because I will be paying for the policy?…

How to find good term life insurance?
Looking to get life insurance on myself. Need to replace 70K per year income in the event of my death. Need to support my wife and 4 year old son. What type of insurance would be best, and what type of investment advice could be given for my family to invest…

I am having trouble understanding the different types of Life Insurance.?
My husbavd and I have been married for 5 years.I have started looking into life insurance now that we are on our feet. I am SO confused about term life insurance and “non” term life insurance. My husband doesn’t want to deal with it because he “doesn’t…

Is it true that a occupancy vivacity insurance plan doesnt recompense out tthe full policy amount when you die?
example…my term ploicy is worth 30000. when i die, will the whole 30000 be given to me? occupancy type – renewable and convertible also, which company has the best term plans? As a common rule term life insurance policies…

I’ve just had a baby boy, and my girlfriend and I need term life insurance, can you help me find a great deal?
I live in Texas-San Antonio, I am 19 and she is 19 and we are both non-smokers in good health, we are full time college students, we have a very limited income, and even more…

Should I unload my Variable Life Insurance?
I have had this variable term life insurance policy for almost 10 years now and it hasn’t kept up with the projections the sales guy told me 10 years ago. This is mainly due to the high fees. About 55% of my yearly contribution is lost in “fees”. There would be…

What is a GTL plan?
GTL PLan is a Voluntary Group Term Life Plan provided by an employer for their employees. The employer buys a master policy and issues certificates to the employees evidencing coverage under the group life insurance policy. Group term life insurance is usually issued as yearly renewable term insurance. Employers may pay all…

Any disadvantages to having two (20 & 30 yr) term life insurance policies for half the amount each?
This is in place of one 30 yr term life policy for the entire amount. We have quotes that show a lower combined premium when we split the policies; by about 0 a year. Insurance is for 41 year old…

What’s better term life insurance or Variable Universal life insurance?
As an Insurance professional, I would be wrongly stating if one or the other was better. Both serve a purpose; which should be to replace income if a loss of life situation occurs. Term Life Insurane – The Pros – It is less expensisive than VUL so…

What’s the best term life insurance to go with?
I think I need around 0K. I’m 47. Healthy. Don’t smoke. Best company? Cheapest? There are so many choices out there its confusing. Not all companies write in all states. Your best bet is to contact a local, independent agent who can give you quotes with a variety of…

Which company has the best term life insurance premiums for a 47 yr old healthy man?
There are a few ways you can find out which companies have the best term life insurance premiums for a 47 yr old healthy man: 1) Look in the yellow pages for an insurance agent specializing in life insurance who can…

Which life insurance is better? Any ideas on ROP?
I am 28 years old/non smoker/good health/no existing health conditions. I am looking into get a life insurance policy. I am more inclined to get a term life insurance, but I heard about this ROP(return of premium)., do any of you have any advice regarding this kind of policy….

Why are metlife, prudential, and New York life allowed to keep selling whole life, variable life, and other bs
This goes out to all the idiots who answered me before saying take your personal problems elsewhere, or i was dooped for having a 5th grade education. But actually i have 0,000 term life insurance, max out my Roth…

Best term length for life insurance?
Looking to get term life insurance in the wake of a growing family. I’m 27 and looking to cover for my wife and daughter. So what is the best term length to be looking at? Most default to 10 or 20, although they seem to be out there up to 30 years….

More insurance questions please visit : InsuranceFreeFAQ.com

Why term life insurance is the most popular kind of life insurance? Term life insurance prices are the cheapest and in general offers larger instantaneous death benefit amount for each dollar paid as premiums than any other life insurance types. It is suitable for someone who is looking for insurance coverage for a definite need that will end in certain time such as to pay for a child’s college education expenses, to pay off a loan, mortgages or to substitute income should death happen prior to retirement. With online insurance quotes it is very uncomplicated to buy term life insurance when you have the proper information.

What information do you have to have to shop and compare insurance rates for term life insurance policy ? What determines your term life insurance prices besides your health, coverage amount and terms ? One factor besides health, coverages and terms that will impact the term life insurance prices is the category of term life insurance you pick. In order to shop and compare insurance rates neutrally you should take into account the type of term life insurance in your quote. There are three major types of term life insurances and they  are level term life insurance, decreasing term life insurance and Annual renewable term insurance.

The first and most popular type of term life insurance is level term life insurance.If level term life insurance is the type you choose,The amount of coverage you select will remain the same for the entire term period.The premiums you pay for this level amount of death benefit may also be level for the entire period.There is also option to pick the level for a specific period. You could also take an option such that level will grow over period. Perceptibly each option you choose will influence your rate and therefore you will have to choose the option that suits your need and budget.

The next form of term life insurance is is known as dcreasing term life insurance.With Decreasing term insurance the amount of the death benefit protection you get will drop over the term period. Premiums for a decreasing term policy usually remain level all the way through the term. Decreasing term insurance is commonly bought by persons who have financial obligations that drop over time such as a mortgage or a personal or a business loan.

The third type of term life insurance is the annual renewable term life insurance.With Yearly renewable term insurance,The amount of the death benefit protection you choose will stay equal for the term period. The premiums you will reimburse for this level amount of insurance will rise each year.

In order to shop and compare insurance rates without bias you have to comprehend the type of term life insurance as the total price for term life insurance rates can be tricky to determine. Some prices appear to be higher, however they may in reality be cheaper instead if you consider the total expense of the insurance policy for the entire time. For instance, annual renewable policies may require that the premium be raised every year which can make them seem to be more costly than level term life insurance policies where the premiums stay the same, even if the early premium for the level term policy may be much higher. So it is essential to factor in the term life type when you are obtaining and comparing your term life insurance rates.

The life insurance business in Pakistan was nationalized in March 1972. At the beginning of the life insurance companies 32 has been merged and placed under Beem three units called “A”, “B” and “C” units Beem. But later, these units were merged Beem and November 1, 1972, the Bureau of Life Insurance Corporation has been consolidated and assigned to the Life Insurance Corporation of Pakistan State.

State Life Insurance Corporation of Pakistan headed by a President and assisted by the Directors-General are appointed by the federal government. Up to July 2000 state life insurance Company was managed by the Board established under the Life Insurance Business (Nationalisation) Order 1972nd In July 2000, insurance federal government decree of 2000 restored the Conseil d’Etat of life, which operates in this case Corporation.

Basic structure of the State life Insurance Corporation consists of four regional offices, 26 zonal offices, some sub-zonal offices, 111 field offices and a network of 461 local offices across individual insurance country life, and four area offices 6 offices and 20 sectors under the heads of Group & Pension involved in marketing life insurance policy plans and State Life products and registered office. Area offices dealing only with sales and marketing. The subscription of life insurance policies and services. Regional Offices, which leads the regional head, to check the business activities of the areas below. The State life Insurance Corporation Headquarters, which is based in Karachi, is responsible for the operations of the company, such as investment, real estate, actuarial, foreign operations, etc.

Large Farms

An important role in the life of the State life Insurance Corporation of Pakistan has made life insurance , but is also involved in other related activities, including the holders of mutual funds in government bonds, stock market, real estate, etc. 

The main results of life of the state below:

1. At the start of operations, trains Corporation a very important step in making discounts of up to 33% of insurance premiums on the past life and the potential for the benefit of policyholders.

2. State Life is a profitable organization, and it paid Rs.2.657 billion in dividends to the government of Pakistan since its inception in 1972.

3. State of life plays a crucial role in the economy, create jobs for local people as permanent employees and as part of its labor market and investing huge funds in different sectors of the economy. The investment portfolio of the state of life on 31/12/2009 amounted to billions Rs.191.445.

4. Investments in securities including investments in real estate, where the book value Rs.2.538 billion 12/31/2009 believes that the fair market value of about Rs.21.681 billion during the same period.

5. PUC increased Rs 10 million in 1972 to Rs.1, 100 million in 2009.

6. Premium income rose Rs.0.317 billion in 1972 to 28,367,000,000 in 2009. Likewise, investment income, including rental income increased by Rs.0.81 million in 1972 to 274,152,000,000 in 2009.

7. Total statutory fund of the State Life stood at Rs.199.445 billion in 2009 against Rs.1.494 billion in 1972.

8. State of life is the pursuit of satisfying its goal of making life insurance available for a large part of the community, extending to the common man. In December 2009 INFORCE total number of policies related to individual life was 2,895,000 and the number of people covered by group life insurance was 3,754,000.

Getting right life insurance is an important decision that should be taken wisely. A lot of people neglect the importance of getting life insurance but the fact is, if you don’t want your family to suffer badly, in case something tragic happens to you, better get a life insurance with suitable coverage according to your budget and situation. Being in United States means you are virtually surrounded by innumerable insurance companies and hence can easily find US best life insurance company to get good life insurance coverage according to your needs. Following are some tips to find one easily.

1. Yellow Pages

If you still prefer the old ways, you can take help of yellow pages to get information about US best life insurance company in your area and also about the life insurance agents. You can let the agents know about your needs and they can help you find life insurance cover, you need.

2. Review Sites:

Review sites are by far one of the best ways to find US best life insurance company. Though there may be a lot of companies that provide biased reviews, yet you can still find a number of review sites, providing genuine reviews and customer ratings. You can select some of the companies with the most positive reviews and satisfied customers and then check out their individual sites to see what they have to offer, in terms of premiums etc.

3. Quote Comparison:

If you want to find US best life insurance company, make sure you don’t settle for the first company, you come across. The key to get success in finding best quotes is to shop around and get quote comparison of at least 3-4 companies and then choose the most suitable one.

4. Clear Your Mind:

Well, now that you have chosen the US best life insurance company, you had better clear your mind about the type of life insurance you basically need; full life insurance or term insurance. This will put you in a better position to negotiate things at the insurance company. A lot of companies offer various types of discounts to people with certain type of diseases or to those who are already getting auto or health insurance from the same company etc., so you should check that out as well.

If you are searching in the market for a cheap life insurance policy, finding cheap and quick life insurance quotes is very easy if you go online. However, if you want to find out if you are getting the right value for your money may take some time and effort. To determine the best value in life insurance what should you consider other than price? Well, price of the life insurance is important, but the financial strength and the integrity of the insurance company is also very important.IWant to buy a cheap life insurance policy? You can get the information online with cheap and quick life insurance quotes. Be sure to buy the life insurance policy from a reputed company who offers better value for your money. Moreover the financial strength and the integrity of the insurance company are also very important. Cheap life insurance policies often do not yield desired returns if bought hastily.  Spend some time and effort and take the help from a life insurance agent or broker to know more about your life insurance policy.IIf you want to do the market survey for cheap life insurance policy then go online and find cheap and quick life insurance quotes. What to need to do is feed in your age and your personal details and the quotes are offered to you easily.  If you are concerned about the value for the insurance policy that you want to buy then consult your agent or broker who can give you hands on knowledge of selecting a policy that is of good value. Price of the life insurance policy is important but reputation and financial strength and the integrity of the insurance company is also to be checked.

You may get several term life insurance quotes from various life insurance companies. Some may be good and some may be even better at first glance. You need to get into the real depth of the term life insurance quotes before you select any one quote. If you have several term life insurance quotes in front of you and you are unable to decide, make sure to see the financial strength of the life insurance company too.IMany term life insurance quotes from various life insurance companies are offered over the net. Some of them may be really lucrative at the first look but make sure of the terms and conditions associated with them. If you are confused which one to select from the array of policies consult your agent. Also confirm that the life insurance company is financially sound.IThe first thing to do while deciding upon an insurance policy is to get the term life insurance quotes from various life insurance companies. Do not go by the look of the quotes because the quote that may be shown to you may not be offered to you. For better understanding of the life insurance quotes take the help of an insurance agent or a broker. Gather all the information about the financial strength of the company where you are investing.

You need to by affordable term life insurance policies from a big and financially strong life insurance company. The good news is that most big life insurance companies have affordable term life insurance policies to suit everyone’s budget. This was not the case ten years ago, where the big and good companies came at a premium price. To keep the term life insurance policy at a level throughout the policy tenure is also very important. The ability to convert a term life insurance policy to a permanent plan of insurance is also very important.IWith the growing competition in the market of life insurance many new companies have come to Indian market. They offer new marketing strategies and good policies. To face the competition, old and existing companies have also started giving affordable term life insurance policies which suit everyone’s budget. You no longer need to pay a premium price to buy a policy from a reputed company. Conversion options are also available with term life insurance policies wherein you can convert a temporary policy to a permanent one.INowadays many big and established companies offer affordable term life insurance policies which suits everyone’s budget. Earlier you had to pay exorbitant prices for buying insurance policies but the scenario is not the same any more. It is important to keep the term life insurance policy at a level throughout the policy tenure. The life insurance policy that you buy should have convertibility facility as you might feel like converting your present policy to some other policy at a later stage in your life.

The more the policy is flexible; the better the policy will be. You should be able to convert the term life insurance policy in to a whole life or universal life with ease. The transfer must also happen at the same rate classification so that you don’t feel the pinch of the transfer. Some companies have child riders that are very important. Such things can be the difference between a good company and a not so good life insurance company.IThe policy must be flexible wherein conversion option is there at the same rate classification. In this way you will not have to pay more if you are converting your existing policy to a whole life or universal life insurance policy. Some companies have child riders also.ILife insurance policies should be flexible. You should be able to convert temporary policies to universal life or permanent policies. During this process the transfer rate should be similar so that you do not end up paying more after conversion. Some companies offers riders which are additional benefits that you can add with your policy by slightly paying more with your premium.   

The length of time the rates are guaranteed are also a key aspect of life insurance and you may want to have a good look at it. Sometimes, you may get some very attractive term life insurance quotes, but there are chances that you may not qualify for those life insurance policies. Thus, affordable term life insurance policies are subject to availability on certain condition laid down by the life insurance company. Some cheap term life insurance policies may look cheap, but what matters the most is that you must get it.IGetting a cheap term life insurance policy is not an easy task. Several strict rules and conditions are laid down by life insurance companies which you will have to qualify. Hence affordable term life insurance policies are subject to availability on certain condition laid down by the life insurance company. The term for which the rates are guaranteed is also a key factor of life insurance.IIn some life insurance policies the rates are guaranteed for a specific period. Some life insurance policies may look very lucrative but to qualify for those you have to qualify as per the rules laid down by the insurance companies.

Price of the life insurance policy is the single biggest consideration when people are buying a life insurance. However, the above mentioned factors are also very important. Financial strength of a life insurance company is very important especially when there is a global meltdown. When a life insurance company gives you the promise of giving you a cover of 0,000, you must check if the life insurance company has the financial strength to back that claim.  You must pick a:
o    Strong life insurance company
o    Highly rated insurance company
o    Stable insurance company
IAn individual usually decides on the amount he can invest for life insurance and then looks for policies that meet his budget. That is why the price of the life insurance policy is the biggest factor.  To ensure that you get what you are promised it is important that you buy the policy from a reputed company.  The life insurance company should be strong financially especially at times of global meltdown. You can pick the insurance company based on these factors:
o    Strong life insurance company
o    Highly rated insurance company
o    Stable insurance company
IWhen you buy a life insurance policy the deciding factor mostly is the face value or the cost of the policy. When investing for life insurance policy make sure that you are investing in the right company which can give you right returns even in times of global meltdowns. The insurance company you are investing in should have a strong market presence, should be highly rated and above all should be stable at times of crisis.

Renewable privileges and conversion rights are also very important aspects of a life insurance especially with term life insurance. Renewability has to do with the ability to keep the contract for a long period of time with a predictable premium. The conversion rights are important because as you may get older the health situation changes. There may be a need to convert the temporary insurance to a permanent life insurance and if you are not in good health, you may not be able to convert that temporary life insurance policy.I Keep in mind the renewability privileges and the conversion rights in terms of life insurance policy. Renewability has to do with the ability to keep the contract for term life insurance policies and for long terms with a predictable premium. It is a good option to keep the conversion facility as situations may differ as the policy holder gets older. There may also be the need for conversion as the health condition of the policy holder may change with time.IYou should be able to renew and convert your life insurance policy. Renewability is important as the contract is for a long time period with a fixed premium unless you add on riders to your policy. The conversion rights are important in terms of changing health conditions and liabilities.

Level term life insurance is also very important and you must definitely give this a consideration when you are going to buy the life insurance policy. Most people get confused with the term level in the level term life insurance. There are some life insurance companies that offer a guarantee for the premiums only for certain number of years within the term. In other words, a product may be called 20-year level term and you may get guaranteed rates for 5 or 10 years. This is very alarming but this is a fact and you must be aware of it.IA new kind of life insurance policy is the level term life insurance and must be considered at the time of buying a life insurance policy. According to the level term life insurance policy the benefit on the premiums is guaranteed for a specific time period. For example a product may be called 20-year level term and you may get guaranteed rates for 5 or 10 years.I Level term life insurance is very important as the rates are fixed only for a stipulated time period in these types of policies. The rates changes as the time period expire. A term life insurance policy may be for 25 years and yet the rate can be 5 to 10 percent for only the first 10 years after which the rates may change depending upon the market situation.

Life insurance otherwise known as temporary insurance, is something that covers a person against death for a limited amount of time. There are different terms which can either be, until the person’s children are grown, or until their education is paid for, or even until retirement. You are the one that pays for the policy period and at the end of the term the contract or policy expires. If there have been no claims made to the policy during the term, then unfortunately no benefits will be paid out after the policy expires. It is the same thing as auto or homeowners insurance.

There is another kind of life insurance which is known as whole life insurance however otherwise known as permanent insurance, this is something that does not expire as long as you pay the premium amount that you are suppose to. It gives you the same coverage as term life insurance but it also gives you an investment vehicle.

Part of the premium goes for life insurance, and the other part goes to an investment account. This account can be either an interest bearing account or something else like a stock or bonds investment account. The best life insurance companies will provide you the best quotes on both of these.

Almost all life insurance companies good or bad sell their products through people that are called agents. Some companies use agents that can only represent their company. The best life insurance companies according to the source Budget Life Top 15 are Ohio National Life Assurance Corporation, Western Reserve Life Insurance Company of Ohio, ReliaStar Life Insurance Company, West Coast Life Insurance Company, Savings Bank Life Insurance Company of Massachusetts. They used a third party database of top term life insurance companies so that they would be able to rank the companies by the lowest life insurance rates.

By Michelle Matlock, Life Quotes, Inc.

Although there have been medical advancements that have helped to prolong the lives of HIV patients, finding life insurance coverage for HIV infected individuals continues to be elusive.

According to the most recent statistics by The Henry J. Kaiser Family Foundation, the number of new HIV infections in the U.S. reached 56,300 in 2006. The number of people living with HIV/AIDS was 1.1 million, with 468,000 of those individuals living with AIDS. The U.S. Department of Health and Human Services reported in 2007, that the largest number of new HIV/AIDS diagnoses for persons aged 40 to 44 accounted for 15 percent of all HIV/AIDs diagnoses in that year.

Respectively, the use of antiretroviral (ARV) Therapy or highly active antiretroviral therapy (HAART) such as protease inhibitors with a combination of other HIV drugs have extended the life of those living with HIV by slowing the progression of the disease to full-blown AIDS. A study by the National AIDS Treatment Advocacy Project in New York and the ATHENA National Observational Cohort Study in February 2010 found that the average life expectancy of people living with HIV has been extended from seven years (before 1995) to 24 years — if they follow the proper drug therapy regimen. This includes those who take their medications on a regular basis and maintain a healthy lifestyle.

Ryan Pinney, brokerage director and life impaired risk specialist at Pinney Insurance Center Inc. in Roseville, Calif. says following the introduction of drug cocktails that counter the infection— people with HIV can expect to live longer healthier lives.

“If you contracted HIV in the late 70s or early 80s, it was a death sentence. Nowadays, with the addition of antiviral drugs, it is not uncommon for people with HIV to live 20 years without the condition developing into AIDS,” says Pinney.

If you have a strong prognosis at the start of the illness, meaning you have managed to keep your CD4 T-cell count above 500 cells for at least three years, chances are you will have a greater life expectancy. In July 2008, a study conducted by the University of Bordeaux, France found that HIV-positive males whose CD4 count was above 500 cells for an average of three years, had death rates that were identical to those in the general population. Unfortunately, among HIV-positive women, the death rates didn’t balance out even after five years of maintaining a count above 500 cells. In fact, HIV-positive women experienced a 2.4 percent increase in death rates when compared to the general population. More studies are pending that help explain this phenomenon.

Pinney notes that for people who contract the disease at a young age, the improbability of receiving a life insurance policy is higher. However, if you have lived longer with HIV, it might be easier to get a policy.

“The reason for this is because you have a proven track record of maintaining the illness,” says Pinney.

Dr. Ann Hoven, chief medical officer for the Individual Life Division at the Hartford, says that insurers have considered the possibility of covering HIV, but there are still a number of unknowns.

“The basic dilemma is that although the life expectancy for someone with HIV can be over 20 years, those who become newly infected are younger people,” says Hoven. “The life expectancy of a person with HIV is more like 40 to 50 years of age, and most people expect to live to be in their 60′s, 70′s and 80′s.”

She adds that it can be difficult to make assessments of a person’s life expectancy with HIV and set premiums based on the information they receive.

“The data really isn’t there yet,” she says. “There are people who seem to be resistant to infection where their immune system takes care of it, and then there are others that are completely vulnerable to this illness. The results of the studies that have been conducted haven’t provided any definitive data to pull from when it comes to estimating how long an individual can live with this illness. It’s very case by case.”

Limited options

When it comes to purchasing life insurance, most people who have been diagnosed with HIV will be faced with an automatic decline or enormously high premiums.

“You would have to have a breakthrough to make the numbers work out when trying to write a policy for someone with HIV,” says Hoven. “When you look at the numbers the cost would be so astonomical that no one would buy it [the policy].”

“If you have been diagnosed with HIV, getting life insurance may be tough, but it’s not unheard of,” says Pinney. “It can be accomplished if you receive insurance through a group plan, such as an employer, trade association or union.”

However, if you are HIV-positive and you attempt to get life insurance on your own, most insurance companies will refuse to sell you a policy, this includes companies that offer “simplified issue” life insurance coverage where you would only have to answer a few health questions. Even when applying for a simplified issue policy, you will likely be required to answer questions about HIV/AIDS. Other, more traditional individual life insurers may also ask that you take an HIV test.

“The requirement by insurers of an HIV test varies by state and the face value of the policy,” says Kim McKeown, spokesperson for the Society of Actuaries. “Nonetheless, the underwriting process is used to discern information on one’s medical profile, and if the person is taking antiviral drugs which would be found in the medical record, this might prompt an insurer to ask for an HIV test. Even with the best medication, folks with HIV do have a shortened life expectancy so the best information possible is critical during the underwriting process.”

Mckeown adds that from an insurance company’s perspective, asking a potential policyholder to take an HIV test is really no different than asking someone about his or her family health history, what types of prescriptions they take daily, or if they smoke.

If you are able to get a simplified issue insurance plan, they have a limited face value amount, typically 0,000 to 0,000 on the high-end of the spectrum.

A more viable option is purchasing a “guaranteed issue” life insurance plan. When a policy is considered “guaranteed issue” this is the maximum amount of coverage allowed to an individual without a medical evaluation. Anyone can purchase a guaranteed issue plan since they do not require a medical exam, but they are usually nuts and bolts policies that only provide a death benefit. The death benefit is generally ,000 or less and if you die within the first two years after you buy the policy, your loved ones could receive nothing.

There are also small group plans to consider that are essentially employer-sponsored specialty plans that cover key employees at a company.

Pinney recalls a situation where a group of partners at a firm requested a guaranteed issue group plan that would cover all the senior and junior partners at the firm. One of the individuals was HIV-positive and the group managed to negotiate a policy that provided over a million dollars in life insurance to each person in the group.

While it’s clear that this method can work, Pinney says that because of the stigma attached to people living with HIV, this is primarily the reason why most employees won’t suggest this type of coverage to their employer.

While someone with HIV may be able to get a life insurance policy from an insurance company that specializes in high-risk cases, it’s certain that it will most likely be a costly policy with a graded benefit. For example, a 40-year-old HIV-positive male can get a ,000 whole life policy, but he would pay a high annual premium of ,600.

“There are very few companies, maybe three or four that offer policies for people with HIV,” explains Pinney. “What they amount to is a guaranteed issue whole life policy with a graded death benefit or a benefit that increases gradually with age and eventually levels off during the life of the policy.”

Still, Pinney says that if you die during the first, second or third year of the policy you may only receive your premiums and dividends with interest, other companies may only payout a specified percentage of the benefit amount if you die within that timeframe.

Will insurers cover HIV in the future?

Guaranteed Trust Life Insurance Co. based in Glenview, Ill., was the first insurance company to offer “impaired risk” whole life insurance to HIV-positive individuals. The company ceased selling the policies in 2004.

“One of the biggest problems with pricing an HIV policy is figuring out how to price it without getting beat up,” recalls Pinney. “At the start of offering such a product policyholders were looking at a flat extra of per ,000 in insurance.”

Pinney said that recently he attended a life insurance conference and posed the possibility of an HIV life policy to major life insurers. Unlike HIV, other medical conditions, such as cancer or heart disease have a longer track record of people having these conditions and better statistical data that an insurer can draw from. Even though HIV/AIDS has been around since the early eighties, Pinney notes that the underwriting science hasn’t caught up with medical science yet.

“I don’t see this type of product entering the market again anytime soon,” notes Pinney.

“Part of the problem is there is no mortality data available to create an accurate pricing model. I would be surprised if any insurance company would even remotely consider it for quite awhile.”

“When we solve the societal issues concering HIV and find better ways to treat the illness or even a vaccine, I think that will be when the situation changes,” says Hoven. “I really don’t see this happening in the next five years, but we’re definitely getting closer to it. “

Hoven recommends that if you have been diagnosed with HIV and your employer offers life insurance, it’s best to take advantage of it.

“You wouldn’t go through medical underwriting and you would receive the group-based premium that includes people who have a variety of different medical concerns,” says Hoven. “Also, if you retire, most group plans allow the policy to be converted to a whole life policy.”

Whose at risk?

From 2004 to 2007, the numbers of HIV/AIDS diagnoses increased among men who have sex with men (MSM).

In that same timeline, the estimated numbers of HIV/AIDS diagnoses increased among male and female adults and adolescents with HIV infection attributed to high-risk heterosexual contact.

Cumulatively, MSM (53 percent) and persons exposed to high–risk heterosexual contact (32 percent) accounted for 85 percent of all HIV/AIDS cases diagnosed in 34 states in 2007.

By gender, 77 percent of adults and adolescents living with AIDS were male. Of the 104,560 female adults and adolescents living with AIDS, 66 percent were exposed through heterosexual contact.

Source: United States Department of Health and Human Services

This article was originally published at Life Quotes, Inc.

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