If you have HIV, you may wonder whether you're eligible for life insurance. The good news is that most life insurers offer coverage for people with HIV, and many policies don't have any special exclusions for those with HIV.
However, it's important to understand your options and how life insurance can help protect your loved ones in case something happens to you. This post will explain everything you need to know about getting life insurance for people with HIV.
What is life insurance and should people with HIV consider it?
Life insurance pays out a sum of money to the named beneficiary in the event of the policyholder's death. The main purpose of life insurance is to provide financial security for loved ones in the event of an unexpected death.
It offers a vital safety net if you’re living with HIV. It can help to pay for funeral and burial expenses, as well as provide financial support for loved ones who may be left behind.
How does life insurance work for people with HIV?
Life insurance for people with HIV works in much the same way as life insurance for people without HIV. The main difference is that you are likely required to undergo medical underwriting to qualify for your policy.
Medical underwriting is a process through which life insurance companies assess an applicant's health and determine their risk of death. Insurers use a variety of factors to assess risk, including age, health history, family health history, and lifestyle choices.
Living with HIV, you may be required to take a medical exam because you are considered to be at a higher risk insurance candidate. However, it is important to note that life insurance companies use a variety of factors to assess risk, and many people with HIV qualify for affordable coverage.
Life insurance companies are prohibited from denying coverage to people with HIV on the basis of their HIV status alone (they may still decline you based on health condition and other lifestyle factors).
The benefits of getting life insurance if you have HIV

There are many benefits to getting life insurance if you have HIV. To start, it provides financial security for your loved ones in the event of your death, and it can also help to pay for funeral and burial expenses.
Life insurance may also be used as a financial resource to help you start a business, purchase a home, or go back to school. Whole life insurance policies can provide the cash value that builds up overtime. Eventually, that cash value can be used to make these types of major life purchases.
It is important to understand how life insurance works before purchasing a policy. Living with HIV, consider working with an experienced life insurance agent or broker to find the right life insurance policy for your needs.
How HIV affects eligibility for life insurance
HIV can affect your eligibility for life insurance in two ways: through medical underwriting and through the death benefit.
As mentioned above, life insurance companies use medical underwriting to assess an applicant's risk of death.
The death benefit is the sum of money that a life insurance policy pays out to the named beneficiary in the event of the policyholder's death.
People with HIV may be eligible for a life insurance policy with a lower death benefit than people without HIV. This is because insurers typically consider people with HIV to be at a higher risk of death than the general population.
What happens if I get HIV after I purchased a life insurance policy?
If you test positive for HIV after you have already purchased a life insurance policy, your will not be affected. Your policy is a contract between you and the life insurer, and that contract cannot be changed after the fact.
Even if you get HIV after purchasing a policy, your life insurance company cannot cancel your coverage or stop paying out the death benefit if you die as a result of your HIV status.
Also note that even though your premiums or death benefit will not be affected, you should inform your insurer about your conditions even after you've purchased the policy.
Cost of life insurance for HIV patients

People with HIV may be required to pay higher life insurance rates than people without HIV, but this is not always the case. Life insurance rates are based on a variety of factors, including age, health, lifestyle choices, and death benefit amount. It is important to note that life insurance rates are not always increased for people with HIV.
Some companies offer special products for people with HIV. These policies typically have higher premiums than traditional life insurance policies, but they may also offer features such as guaranteed issue life insurance coverage and no medical underwriting options.
What insurance options are available for people with HIV?
It's important to shop around and compare policies before you purchase a policy. There are many life insurance companies that offer special life insurance policies for people with HIV.
The best life insurance option will depend on their individual circumstances and needs.
Some options include:
- Term life insurance: Term life insurance provides life insurance coverage for a specific period of time, such as 10, 20, or 30 years. Term life insurance policies typically have lower premiums than other types of life insurance, making them an affordable option for people with HIV.
- Whole life insurance: Whole life insurance is a type of life insurance that provides coverage for the policyholder's entire life. Whole life insurance policies typically have higher premiums than other types of life insurance, but they also have a cash value component that can be used as an investment or savings account.
- Universal life insurance: Universal life insurance provides coverage for the policyholder's entire life. Universal life insurance policies have both a death benefit and a cash value component, which can be used as an investment or savings account.
- Burial insurance: Burial insurance, or final expense insurance, is a type of life insurance that is specifically designed to cover funeral and burial costs. Burial insurance policies typically have smaller death benefits than other types of life insurance, but they can be an affordable option for people with HIV.
What life insurance riders are available for people with HIV?
Riders are optional add-ons that can be added to a life insurance policy for an additional cost. They can provide benefits such as accelerated death benefits or living benefits.
Some life insurance riders that are available for people with HIV include:
- Accelerated death benefit rider: An accelerated death benefit rider allows the policyholder to receive a portion of the death benefit while they are still alive if they are diagnosed with a terminal illness.
- Living benefit rider: A living benefit rider provides the policyholder with a portion of the death benefit while they are still alive if they are diagnosed with a life-threatening illness.
- Long-term care rider: A long-term care rider provides coverage for the policyholder's long-term care costs if they are diagnosed with a chronic illness.
What life insurance discounts are available for people with HIV?
Some life insurance discounts for people with HIV include:
- Good health discount: People with HIV who are in good health may be eligible for a good health discount on their life insurance premiums.
- Non-smoker discount: People with HIV who do not smoke may be eligible for a non-smoker discount on their life insurance premiums.
- Preferred risk profile discount: People with HIV who have a preferred risk profile may be eligible for a discount on their life insurance premiums. A preferred risk profile typically includes factors such as being non-smoking, having a healthy weight, and having no family history of early death.
How can I get life insurance if I have HIV?
Getting life insurance for people who have HIV is similar to those who don't. You can purchase life insurance through an insurance company ora life insurance broker.
If you purchase coverage through an insurance company, you will need to complete a life insurance application and undergo a medical exam. If you are approved for life insurance, the insurance company will issue a life insurance policy.
Purchasing through a broker involves a similar process. The main benefit is a broker can shop the market to find the best product among multiple life insurance companies. Once your application is approved, the insurer will issue a life insurance policy.
Getting covered if you have HIV does not have to be difficult. There are a variety of options available for people with HIV. And, there are a number of life insurance discounts available for people with HIV.
Things to consider when looking for a life insurance policy

When purchasing life insurance for people with HIV, it's important to consider:
- How much coverage you need: The amount of coverage you need will depend on your specific circumstances. These include your family's financial needs, your mortgage, and any outstanding debts.
- How much you can afford: Premiums depend on a number of factors, including your age, health, and the type of life insurance policy you choose. Be sure to consider how much you can afford to pay in life insurance premiums when choosing a life insurance policy.
- The life insurance company's financial stability: You'll want to choose a life insurance company that is financially stable and has a good rating from independent rating agencies
- The life insurance company's underwriting guidelines: Not all life insurance companies are willing to insure people with HIV. And, those that are willing to insure people with HIV may have different underwriting guidelines. Be sure to check with the life insurance company about their underwriting guidelines before applying for life insurance.
- The life insurance policy's features and riders: A number of life insurance policy features and riders that can be added to a life insurance policy. Be sure to compare life insurance policies to find the one that offers the features and riders that are most important to you.
Best life insurance policy for people with HIV
Many life insurance companies that offer life insurance for people with HIV.
Some life insurance policies to consider for people with HIV include:
Fully underwritten life insurance policy
This type of insurance offers the most coverage and the lowest premiums, but it also requires a medical exam and questionnaire. If you have HIV, this is still an option for you. The life insurance company will just consider your HIV status when determining your premium.
Guaranteed Issue Life Insurance
This life insurance policy does not require a medical exam or questionnaire, and it is available to people with HIV. You are guaranteed to get this type of coverage, but the premiums are typically higher and the coverage is lower than a fully underwritten policy. It is still a good option for people with HIV.
Simplified Life Insurance
This life insurance policy also does not require a medical exam, but you will have to complete a medical questionnaire. A perk of this type of policy is that it can be approved quickly. However, simplified issue policies typically have lower coverage limits and higher premiums. However, they do offer higher coverage amounts compared to guaranteed life insurance policies.
Conclusion
HIV can present some unique challenges when it comes to life insurance. However, there are a number of options and discounts available for those who have the virus.
By understanding how HIV affects your eligibility and rates, you can make an informed decision about what type of life insurance policy is best for you.
If you’re ready to get started on finding life insurance if you have HIV, we’re here to help. Our team of experts will walk you through the process and answer any questions you may have along the way.