Life Insurance for HIV Positive Applicants

While some of the focus has been taken off of HIV these days, the sad reality is there are still many people contracting and living with this virus in the U.S.: according to, about 1.2 million people in the U.S. have HIV. Fortunately, we have made great strides in controlling the virus with medication, and those living with HIV can now go on to live long and normal lives, which brings up the question of life insurance. Will life insurance cover people who are HIV positive?

risk gage with green, orange, and red lines
Life insurers will provide a policy to people who are HIV positive, but they will first assess your risk.

HIV & Life Insurance

Because life insurance companies offer policies based on how risky it is to insure you, many life insurance companies will not insure you if you are living with HIV. With that being said, there are life insurance companies who will consider applicants who are HIV positive, and will offer traditional life insurance policies like term life, whole life, and even universal life insurance, with some limitations. 

For example, insurers will generally not consider an applicant who was diagnosed less than a year before applying for coverage, and there are often age limits on applicants. In addition, you will have to go through the underwriting process, which will determine your rates; living with an illness like HIV will usually mean that your premiums will be higher than other people’s. 

What To Expect During The Underwriting Process

When applying for life insurance, you have to disclose any health issues, including if you are HIV positive. Insurance companies will require that you provide information regarding:

  • The date of your diagnosis
  • Current CD4 count and viral load
  • Medications you have been prescribed and the dosage of each
  • Whether you are currently symptomatic or whether you have ever been symptomatic

In addition, during the underwriting process, life insurance companies will need to know what stage of HIV you have:know your HIV status written on a piece of paper

  1. Acute HIV, which is considered the earliest stage of the virus, extending from two to four weeks from the initial infection.
  2. Chronic HIV,  meaning that your number of CD4 cells is decreasing, leading to damage to the immune system.
  3. AIDS, which is the most advanced stage of HIV.

Insurers will also ask your age, because most insurance companies that will consider an HIV positive applicant will require that the applicant be no older than 50 years old. They will want to know your overall health, including anything that could raise a red flag for them, as well as if you are following a treatment plan prescribed by a doctor, including managing the virus by taking prescribed medications and regularly having your CD4 levels checked. 

Once you have disclosed all of the above information, you might have to wait a few weeks to a few months while the insurance company sifts through your medical records and the statements that they will request from your doctor. 

Life Insurance Options For HIV Positive Applicants

If you are unable to qualify for a traditional life insurance policy, you do have other options, most of which you can be approved for in a matter of days. These policies include: 

Final Expense Insurance

This type of insurance is usually bought to cover funeral and burial expenses, as well as any medical debts. A final expense policy is ideal for you if you are living with a chronic health condition like HIV, because you are guaranteed approval.

Simplified Issue Life Insurance

This type of policy will not require a medical exam, although there will be some medical questions on the application. Premiums are usually higher for simplified issue policies than for traditional term life insurance because there is no medical exam, and those purchasing these policies might be riskier to insure.

Guaranteed Issue Life Insurance

light bulb standing in front of 3 white doors with blue question marks on them
You have many options for life insurance, and if you are denied, then you can opt for a no medical exam plan.

This type of life insurance policy does not consider your health or health history during the underwriting process, which means anyone is eligible for it. The two downsides of guaranteed issue, though, are that your insurance company will cap the death benefit at $35,000, and your premiums will be higher than with traditional term life insurance, because you will be approved no matter how much of a risk you are to insure.

Term Life Insurance

If you are following a treatment plan, some life insurance companies will approve you for term life insurance.

Need Help?

Just because you are living with HIV does not mean you won’t be able to provide for your family when you are gone. Finding a life insurance plan that is affordable and will provide enough coverage for your family, though, means that you will have to do a lot of research and compare different insurance companies and their plans: some companies have strict underwriting guidelines, while others have looser guidelines, and they will all price plans differently. The best way to find the right life insurance policy for you and your specific needs is by working with an agent who specializes in life insurance. We have provided the top life insurance companies in the nation below; each offers hassle-free assistance and the most competitive rates. Always check multiple sites to make sure you have bargaining power and know the advantages of each company. Make sure a hard time isn’t made harder by a financial burden, check life insurance rates today.

Pros & Cons Of Guaranteed Universal Life Insurance

What are you looking for in a life insurance policy? The first thing you’re probably thinking about is coverage that will help your spouse, children, and grandchildren when you are gone, but price might also be a big consideration. If so, you should look into guaranteed universal life insurance. A guaranteed universal life insurance policy provides permanent life insurance coverage, without the higher price tag of regular universal life insurance. But before you choose this type of policy, you should be aware of all its pros and cons, in order to make sure it works for you and your needs.

Guaranteed Universal Life Insurance Vs Whole or Term Life

Guaranteed universal life insurance, also known as “No Lapse” insurance, is an affordable way to buy permanent protection, and can be viewed as a kind of middle ground between term and whole life insurance. For some people, whole life insurance might be too expensive; others might like the price of term life but want coverage for a longer period of time than term life insurance offers. Guaranteed universal life insurance might be the answer, although you need to know what you are and aren’t getting with this type of policy.

different numbers on buttons
Guaranteed universal life insurance policies last until you reach a specific age.

Like whole life, guaranteed universal life lasts your entire life, but, unlike whole life, it doesn’t build cash value over time. Because there is no cash value building up, your monthly payments will remain low, and you do not have management fees (like whole life), making this type of life insurance policy financially doable for most people.

Guaranteed universal life insurance is similar to term life insurance in that it has fixed rates that will not change throughout the life of the policy. But there is one major difference between these types of policies: while term life policies last for a specific number of years, guaranteed universal life insurance policies last until you reach a specific age. For example, when you sign the policy, you will choose an age for when the policy ends; most companies’ choices include ages 90, 95, 100, 105, 110, or 121. The older you are when purchasing a policy, the higher the price of your premiums will be. 

Pros Of Guaranteed Universal Life

The above similarities and differences between guaranteed universal life and whole and term life mean that there are both advantages and disadvantages to this type of policy, and you’ll have to carefully weigh these pros and cons before making your decision. First, let’s take a closer look at all the positive things that guaranteed universal life insurance has to offer:

Guaranteed Fixed Premiums & Death Benefits

As mentioned above, guaranteed universal life’s premiums will remain at a fixed rate throughout the life of your policy, meaning there will be no increase in rates until you reach the age at which your policy is set to expire. This could make one of these policies more desirable than non-guaranteed universal life insurance: with these policies, your investment or cash value has to perform well, otherwise your rates will increase. 

In addition, with a guaranteed universal life policy, your death benefit will never change, which means when you pass away, your beneficiary is guaranteed to receive the amount agreed upon when you purchased the policy. The cash value that whole life policies accumulate is essentially a loan, and will be taken out of the benefits your beneficiaries will get when you pass away; guaranteed universal life does not accumulate cash value, so you will not have to worry about your loved ones getting less money when you are gone. 

No Market Riskstock market

Unlike whole life or regular universal policies, a guaranteed universal life policy has no cash value. This can be a positive thing, because the money your beneficiaries will receive will not be tied to the performance of investments in the stock market, and you will not have to worry about the market or interest rates. 

Cheaper Premiums

A universal guaranteed life insurance policy will have lower premium rates as compared to non-guaranteed life insurance policies because you will not have to pay extra to accumulate cash value (because there is no cash value). The monthly premium price of non-guaranteed universal life policies is about 3-4x those of guaranteed universal life policies!

Easy To Understand

These policies are very simple and easy to understand: you pick the amount of coverage you want and the age you want your policy to last until, and you will pay the same fixed premium throughout the life of your  policy. Your premiums are locked in and will not increase as you age. 

Cons Of Guaranteed Universal Life

Some of the above differences between guaranteed universal life insurance and other types of policies could be seen as drawbacks. For example:

No Cash Value

If you would like to build cash value that you can use at some point as a loan, or to help pay for your premiums, you will not get it with this type of life insurance. 

No Flexibility On Payments

With regular universal policies, you have the option to miss or skip payments by building cash value in your policy, but you do not get this type of flexibility with guaranteed universal life insurance. Instead, if you miss a payment, you run the risk of losing your policy.

exam room with bed and medical equipment
You will have to undergo a medical exam for a guaranteed universal life insurance policy.

Medical Exam

With some life insurance policies, you can skip the medical exam, which is helpful to those who have major pre-existing conditions. Unfortunately, guaranteed universal life does not offer this advantage: you will be required to undergo a medical exam when applying for your policy. 

More Expensive Than Term Life

Term life insurance offers you coverage for a set number of years (10, 20, 30 years), and after that time has passed, you will need to purchase a new policy, or choose to renew your policy at a higher rate. The one advantage to this is that it keeps premium prices lower than those of other policies, including those of guaranteed universal life policies. Because guaranteed universal life policies offer guaranteed coverage until you reach old age, they are more expensive than term life policies.

Weighing Your Options

As with most types of life insurance, guaranteed universal life insurance policies have some very strong advantages, as well as some downsides that you need to consider before making your choice. When deciding on a life insurance policy, consider using online tools to see what is available, as well as working with an agent who will help you compare plans and see which is the right fit for you. To get you started, we have provided the top insurance companies that offer guaranteed universal life insurance policies below; each can give you hassle-free assistance and the most competitive rates in the nation. Always check multiple sites to make sure you have bargaining power and know the advantages of each company. Make sure a hard time isn’t made harder by a financial burden, check life insurance rates today.