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If you’re reading this article today, you’re most likely looking for information on life insurance options for individuals with an HIV positive or AIDS diagnosis.
Maybe you’re looking for insurance options for yourself, a family member, spouse, loved one, or even a friend.
Most likely, you’ve experienced some difficulty finding life insurance options for people with HIV and AIDS.
No matter who the information is for, or the difficulties you’ve had in the past, I want to assure you that you’re in the right place.
There ARE insurance options for those who are HIV positive or who have an AIDS diagnosis.
Today, I’m going to discuss:
- Why Do I Need Life Insurance?
- Can I Qualify For Burial Insurance With AIDS or HIV?
- What Type of Coverage Is Available To Those With Positive HIV or Aids Diagnosis?
- Insurance Companies That Offer Coverage for Individuals With AIDS or HIV Diagnosis
- Next Steps
So keep reading to find out more information about life insurance options available to those with AIDS or HIV.
Why Do I Need Life Insurance?
Everybody makes their life insurance decisions for different reasons.
However, most people usually purchase life insurance for one of two reasons:
- To cover burial expenses
- To pay off a large debt.
Let’s look at each of these reasons individually.
The truth is, final expenses can be pricey. It isn’t cheap to cover all the expenses when a loved one passes away.
Depending on where you live, cremation expenses can cost between $5,000 and $6,000 and burial expenses can be between $10,000 and $15,000.
Many people choose to purchase a life insurance policy simply to cover the cost of their burial.
They want to make sure that their loved ones have the money they need to cover any expenses associated with their burial or cremation.
It can be a huge relief to know that coverage is in place to cover the funds that will be needed when you pass away.
Large Debt Payoff
The other main reason people choose to purchase life insurance coverage is to pay off large debts when they pass away.
Do you have mortgage, car, business, or education loans? What about medical debts?
A life insurance policy can help pay off your debts so that your loved ones don’t have to.
The people that love you will already be having a hard enough time coping with your loss. They don’t need the added burden of trying to figure out how to pay off your debts as well.
Give yourself (and your loved ones) peace of mind by knowing you have life insurance coverage in place.
Can I Qualify for Burial Insurance With AIDS or HIV?
In short, the answer is “Yes”, you CAN qualify for burial insurance with an AIDS or HIV positive diagnosis.
However, whether you qualify or not depends on how old you are.
Although your options may seem limited, it’s important for you to know that life insurance IS available to you.
How Old Do I Have to Be to Qualify for Life Insurance With a Positive HIV/AIDS Diagnosis?
In order to qualify for life insurance with a diagnosis of AIDS or HIV, you must be AT LEAST 40 years old. As long as you are between the ages of 40 and 85, you can qualify for life insurance coverage.
If you’d like to learn more about your life insurance options, give me a call today!
What Type of Coverage Is Available To Those With Positive HIV or AIDS Diagnosis?
Next, I’m going to be talking to you about the type of coverage available for individuals with a diagnosis of AIDS or HIV.
Guaranteed Acceptance Whole Life Insurance
Guaranteed acceptance whole life insurance is the only option available to individuals diagnosed with AIDS or HIV.
Basically, it is designed to be “no questions asked”, affordable coverage that doesn’t require a medical exam.
You won’t be turned down for health reasons and it’s a great way for you to secure permanent coverage.
However, there are age restrictions and death from natural causes is limited during the first two years of coverage.
So, real quick, let’s review the pros and cons.
The Pros of guaranteed acceptance whole life insurance include:
- No medial exams required
- You don’t have to answer any health questions.
- You won’t be denied coverage because of your health.
The Cons of guaranteed acceptance whole life insurance include:
- Age restrictions–you’re only eligible for coverage if you’re over 40 years old.
- Full benefits will be paid during the first two years ONLY if you pass away from accidental causes.
As you can see, there are some restrictions to guaranteed whole life insurance coverage, but overall, it’s a great way to secure permanent coverage at an affordable price.
If you’re considering purchasing life insurance, don’t wait any longer.
Make sure you’re getting the most out of your life insurance policy and don’t delay another day.
Give yourself peace of mind by making sure your final expenses are covered and your loved ones are taken care of.
Insurance Companies That Offer Coverage for Individuals With AIDS or HIV Diagnosis
Different insurance companies offer different benefits and coverage.
However, today, we’re going to be looking at coverage options for two specific companies.
American International Group (AIG) and Great Western Insurance Company (GWIC) both offer quality guaranteed acceptance whole life insurance coverage.
GWIC’s guaranteed acceptance whole life insurance plan is referred to as “Guaranteed Assurance” and is a simple way to apply for life insurance coverage.
No medical exams or health questions are required and you cannot be denied coverage due to health.
Although not available in the state of Washington, GWIC’s Guaranteed Assurance is widely available in all other states.
You can qualify for between $1,000 and $40,000 in coverage and premiums are guaranteed level, meaning they will stay the same throughout the life of the policy.
If you are between the ages of 40 and 80, you can qualify for Guaranteed Assurance coverage.
Overall, Guaranteed Assurance is a great option for affordable, permanent life insurance coverage for individuals who have a diagnosis of AIDS or HIV.
AIG also offers guaranteed acceptance whole life insurance.
They offer hassle-free coverage that doesn’t require medical exams or answers to health questions, meaning you can’t be turned down for coverage due to the status of your health.
Coverage is widely available in all states except New York.
You can qualify for between $5,000 and $25,000 in coverage and premiums are guaranteed fixed so that they remain level throughout the life of the policy.
If you are between the ages of 50 and 85, you can qualify for AIG’s guaranteed acceptance whole life insurance coverage.
Overall, AIG offers an affordable option for quality life insurance coverage for individuals with a diagnosis of AIDS or HIV.
You may be wondering what to do next.
We’ve looked at the type of coverage that individuals with AIDS or HIV can qualify for and we’ve looked at two companies that offer quality coverage.
Well, that’s easy! I recommend you proceed with two simple steps:
Define Your Budget
It’s important that you clearly define your budget.
When you know how much you can easily afford, then you know how much coverage you can purchase.
It does not benefit you in any way to purchase a life insurance plan that you can’t afford and that you will end up having to cancel later on.
Make sure that you purchase a plan that you can actually afford so that you can make sure that you have coverage for the long-haul.
Work With A Broker
Insurance brokers aren’t just your run-of-the-mill insurance agents. We have expertise and access to information that regular agents just don’t have.
When you choose to partner with a licensed broker, you’re making sure that you’re getting the best plan to suit your needs.
And at Buy Life Insurance for Burial, we don’t represent just one company.
This means that we can focus on you as the client and utilize our vast resources to make sure you are getting the best coverage at the best price.
Additionally, we can answer any questions that you may have and help you with the application process as well.
Wouldn’t you rather purchase life insurance coverage from a professional that goes above and beyond to make sure all your needs are met?
If so, give me a call at 888-626-0439 today!
Today, I’ve given you a lot of information regarding life insurance options for individuals with a positive HIV or AIDS diagnosis.
The important thing to remember is that you DO have options available to you.
So, if you’re ready to find quality guaranteed acceptance whole life insurance, go ahead and give me a call today.
Call me at 888-626-0439 now!
Don’t delay purchasing life insurance coverage another minute.
Give yourself peace of mind knowing that your loved ones will be taken care of because you have quality life insurance coverage in place.
I look forward to partnering with you to find a plan that suits your needs!