Hiv Insurance Coverage (Compiled)

[Guest Curious HIV]

Hi all,

just wondering, if a person is a hiv positive currently, i think none insurance company will actually accept them for buying their plan/insurance.

is there?

[Guest guest]

Hi all,

just wondering, if a person is a hiv positive currently, i think none insurance company will actually accept them for buying their plan/insurance.

life insurance dun need medical check up so can buy . need not disclose u are HIV positive.any way HIV postive got no certificate.

[outernet]

When u buy life insurance u need to answer health declaration questionnaire. It's based on ur utmost true faith whether u wan to declare or not. If u dun & they later find out, they have the right to void ur policy.

[briax]

I think I spoke to an insurance agent before and there is an insurance policy for those who are HIV positive, of course the premium is quite high. Of course, there is a clause that says you are not covered for opportunistic infections. Like a HIV negative person, a HIV positive can die because of any other illness or accident. I need to check which insurance company if you are interested, memory is not good.

[superflawless]

I think I spoke to an insurance agent before and there is an insurance policy for those who are HIV positive, of course the premium is quite high. Of course, there is a clause that says you are not covered for opportunistic infections. Like a HIV negative person, a HIV positive can die because of any other illness or accident. I need to check which insurance company if you are interested, memory is not good.

If a person was later discovered to have heart problem, would the insurance company refused to accept him as a client? And if this person later has a traffic accident, would the insurance company later claim that because he has (preconditioned) heart problems, the accident was his own fault and would not pay out the money?

Unlike in the past, HIV is no longer a fatal illness; more like a chronic problem. So there is no reason why, with proper HAART treatment, a patient cannot lead a healthy life.

HIV isn't the only chronic disease out there. Asthma, Cancer, Diabetes are just examples of chronic diseases. Yet our local insurance schemes have no problem accepting these patients as clients.

Our local insurance schemes clearly discriminate against HIV patients.

Edited June 27, 2011 by superflawless

[Guest HIV no insurance]

I was diagnosed hiv+ some years ago. One of the important things to settle then after the bad news was insurance. After reading the fine prints of a critical illness insurance I bought from prudentials, I discovered that I couldn't claim if I contracted hiv after i had bought the policy. The same goes with another policy and I cancelled both. Of course I've not insurance now. From what I know up till now, there's no insurance that will cover hiv+ ppl.

Another thing I would like to highlight are the DPS (Dependant Protection Scheme from CPF) and HPS (housing protection scheme from HDB). If you are thinking of doing a hiv test or your are recently diagnosed but not registered in the local system yet. make sure you buy the DPS and HPS insurance first. Once you are registered in the local system you are disqualified from the DPS HPS.

I didn't have my DPS as I didn't opt in but couldn't qualify when I was diagnosed hiv+

[Guest insurance agent.]

Hi,

just to help you guys clarify.

If you are HIV positive. you cant buy any protection plan anymore. even you offer higher premium, No company will accept you.

However you may still purchase saving plans.

if i already have an insurance plan and i got hiv positive thru sex, it will not be covered thru Critical Illness. unless HIV is spread thru medical means.

you would want to purchase saving plans you may still contact me.

best wishes.

[gaycurious85]

--

Edited June 27, 2011 by gaycurious85

[briax]

I think I spoke to an insurance agent before and there is an insurance policy for those who are HIV positive, of course the premium is quite high. Of course, there is a clause that says you are not covered for opportunistic infections. Like a HIV negative person, a HIV positive can die because of any other illness or accident. I need to check which insurance company if you are interested, memory is not good.

I have checked with the insurance agent and my apologies. There is no insurance plan for those who are HIV positive. There is one for those who want to be insured against HIV infection though. Acceptance is still a long way.

[Guest tobin]

Hi,

just to help you guys clarify.

If you are HIV positive. you cant buy any protection plan anymore. even you offer higher premium, No company will accept you.

However you may still purchase saving plans.

if i already have an insurance plan and i got hiv positive thru sex, it will not be covered thru Critical Illness. unless HIV is spread thru medical means.

you would want to purchase saving plans you may still contact me.

best wishes.

[Guest frenc]

Hi, had been infected and cured of syphillis about 4 years ago. Now contemplating to buy Enhanced Income Shield with NTUC. For privacy, I was thinking of not to declare this in my application fior purchase. Will this cause any complication in the event of my filing a claim in the future for any ailment other than VDR. Really need your advise.

[Guest guest]

I have checked with the insurance agent and my apologies. There is no insurance plan for those who are HIV positive. There is one for those who want to be insured against HIV infection though. Acceptance is still a long way.

a person who is HIV positive don t have to die of hiv, wat if he commit suicide and die of unnatural death.insurance still need to pay out.

[Guest SunShine]

I have a question. If a person contracted HIV long AFTER he started his policy (i.e bought his policy before became HIV+), will he be able to claim from insurance if a non HIV-related sickness or accident or hospitalisation happens to him?

[tblee]

You should check with your agent but I think insurance just does not cover HIV-related treatment, ie drugs to treat HIV. Existing cover should not be affected by HIV status, but premiums may go up.

[tblee]

BTW: not many insurance policies will pay up if the cause of death is suicide.

[FallenAngel]

Hello,

I'm Aaron representing Prudential, the terms are quite definite. (Btw: Suicide clause is in effect only for the first year)

HIV once diagnosed will void all death coverage, except in the situation of an accidental death.

"What is not covered: Life assured is diagnosed with AIDS, AIDS-related complex or infection by HIV"

It would be interesting to discuss this further, even as I try to look for possible ways for HIV individuals to get covered (slim chance really).

Regarding discrimination:

Yes you are right to say that HIV is like any other form of chronic disease, and with proper management, the individual may enjoy the same quality of life as he used to.

However, the premise of insurance is that the company will be willing to take over your individual RISK for a fee, and this RISK is the potential for something bad to happen to you without you being able to do anything about it because you do not know when it will happen. Eg. Diseases - you don't know when they can hit you. HIV, I assume here we are talking of the sexually transmitted kind is born of your choice of actions (lack of protection, checking your partner's status etc.) thus, by the insurance viewpoint, it is a "self-inflicted" action (we do still cover for HIV due to blood transfusion & Occupationally Acquired HIV). It would then be unreasonable for the company to take over the risk for self inflicted injuries.

That being said, I don't think the industry is trying to discriminate anyone, in fact we are constantly pushing for new products to cover more niche areas, just that HIV coverage hasn't come to that stage yet. Perhaps due to the small sample size, no one can come to a fair agreement of how premiums can be charged or even how the risk may be assessed by the actuaries.

At the end of the day, it is a sad reality check, so please be safe and careful. Please feel free to pm me for my number, I will be glad to discuss this issue further.

[Guest guest]

pay upon death ,that wat insurance agent always say.regardless how u die.

[koolkai]

pay upon death ,that wat insurance agent always say.regardless how u die.

So what is the use of having insurance if they pay after death? We would need money now not when we died?

[Guest guest]

koolkai are u retarded? topic is non acceptance hiv isurance cover. ppl talking about pay upon death.

[FallenAngel]

So what is the use of having insurance if they pay after death? We would need money now not when we died?

Indeed, thats why usually for people like us with no younger dependents, the focus is more on critical illness coverage rather than death.

[Guest guest]

Fallenangel we asking if death is due to HIV. is it consider upon death, and is it payable?even critical illness HIV is not in the list.fallenangel think u not answering our question as a professional agent?

[FallenAngel]

Fallenangel we asking if death is due to HIV. is it consider upon death, and is it payable?even critical illness HIV is not in the list.fallenangel think u not answering our question as a professional agent?

Dear Guest,

I was making a direct reply to koolkai above hence I quoted him. As for your question I believe I've given an answer: "What is not covered: Life assured is diagnosed with AIDS, AIDS-related complex or infection by HIV", though I haven't seen a HIV death claim, this may be debatable because unless we can prove that the death is not due to an opportunistic infection from HIV - so what I am saying is, there is a GREY area and thus would depend on whether your agent is competent in fighting for you, as well as whether the company wishes to honour the claims.

I have spoken to a few colleagues about this and we are of two minds about it. I will try to get a definite answer soon I hope.

Regards

Aaron

[Guest guest]

it all depends on the doctor. if the doctor state that patient die due to accident or other critical illness than is claimable even though he is HIV positive. if doctor state patient die due to AIDS than not claimable.so simple.

[babyboy88]

well. suicide... is still payable after one year u sign on de dotted line.

for hiv positive person. my suggestion is to get a savings policy whereby there is no health declaration. so at least at a certain years u struck with a critical illness such as cancer u can take part of the money out.

[Guest Guest]

Asked agent about Personal Accident policy: What if bought before HIV will normal accidents still be covered? Answer was YES if not directly related to illness. Exact details to be determined by assessors.

[Greenman]

Recently, a friend of mine wanted to purchase an accidental plan from me. He is a bit discreet. Till I ask him a particular question on the simple declaration. He then stopped and told me is positive. I went back to enquire from underwriter and it is decline.

But rest assured, single premium like CPF OA/SA, SRS Or cash, these don't need any medical underwriting. In other words, they can purchase these accordingly. (",)

[FallenAngel]

Recently, a friend of mine wanted to purchase an accidental plan from me. He is a bit discreet. Till I ask him a particular question on the simple declaration. He then stopped and told me is positive. I went back to enquire from underwriter and it is decline.

But rest assured, single premium like CPF OA/SA, SRS Or cash, these don't need any medical underwriting. In other words, they can purchase these accordingly. (",)

=( thats a real pity..

[sexilover69]

there policies available for guaranteed acceptance that mirror life policies.. do pm me if interested to knoe more..

[Guest Guest]

I think I spoke to an insurance agent before and there is an insurance policy for those who are HIV positive, of course the premium is quite high. Of course, there is a clause that says you are not covered for opportunistic infections. Like a HIV negative person, a HIV positive can die because of any other illness or accident. I need to check which insurance company if you are interested, memory is not good.

 

 

If a person was later discovered to have heart problem, would the insurance company refused to accept him as a client? And if this person later has a traffic accident, would the insurance company later claim that because he has (preconditioned) heart problems, the accident was his own fault and would not pay out the money?

Unlike in the past, HIV is no longer a fatal illness; more like a chronic problem. So there is no reason why, with proper HAART treatment, a patient cannot lead a healthy life.

HIV isn't the only chronic disease out there. Asthma, Cancer, Diabetes are just examples of chronic diseases. Yet our local insurance schemes have no problem accepting these patients as clients.

Our local insurance schemes clearly discriminate against HIV patients.

 

 

I was diagnosed hiv+ some years ago. One of the important things to settle then after the bad news was insurance. After reading the fine prints of a critical illness insurance I bought from prudentials, I discovered that I couldn't claim if I contracted hiv after i had bought the policy. The same goes with another policy and I cancelled both. Of course I've not insurance now. From what I know up till now, there's no insurance that will cover hiv+ ppl.

Another thing I would like to highlight are the DPS (Dependant Protection Scheme from CPF) and HPS (housing protection scheme from HDB). If you are thinking of doing a hiv test or your are recently diagnosed but not registered in the local system yet. make sure you buy the DPS and HPS insurance first. Once you are registered in the local system you are disqualified from the DPS HPS.

I didn't have my DPS as I didn't opt in but couldn't qualify when I was diagnosed hiv+

 

 

Hi,

just to help you guys clarify.

If you are HIV positive. you cant buy any protection plan anymore. even you offer higher premium, No company will accept you.

However you may still purchase saving plans.

if i already have an insurance plan and i got hiv positive thru sex, it will not be covered thru Critical Illness. unless HIV is spread thru medical means.

you would want to purchase saving plans you may still contact me.

best wishes.

 

 

Hello,

I'm Aaron representing Prudential, the terms are quite definite. (Btw: Suicide clause is in effect only for the first year)

HIV once diagnosed will void all death coverage, except in the situation of an accidental death.

"What is not covered: Life assured is diagnosed with AIDS, AIDS-related complex or infection by HIV"

It would be interesting to discuss this further, even as I try to look for possible ways for HIV individuals to get covered (slim chance really).

Regarding discrimination:

Yes you are right to say that HIV is like any other form of chronic disease, and with proper management, the individual may enjoy the same quality of life as he used to.

However, the premise of insurance is that the company will be willing to take over your individual RISK for a fee, and this RISK is the potential for something bad to happen to you without you being able to do anything about it because you do not know when it will happen. Eg. Diseases - you don't know when they can hit you. HIV, I assume here we are talking of the sexually transmitted kind is born of your choice of actions (lack of protection, checking your partner's status etc.) thus, by the insurance viewpoint, it is a "self-inflicted" action (we do still cover for HIV due to blood transfusion & Occupationally Acquired HIV). It would then be unreasonable for the company to take over the risk for self inflicted injuries.

That being said, I don't think the industry is trying to discriminate anyone, in fact we are constantly pushing for new products to cover more niche areas, just that HIV coverage hasn't come to that stage yet. Perhaps due to the small sample size, no one can come to a fair agreement of how premiums can be charged or even how the risk may be assessed by the actuaries.

At the end of the day, it is a sad reality check, so please be safe and careful. Please feel free to pm me for my number, I will be glad to discuss this issue further.

 

 

Dear Guest,

I was making a direct reply to koolkai above hence I quoted him. As for your question I believe I've given an answer: "What is not covered: Life assured is diagnosed with AIDS, AIDS-related complex or infection by HIV", though I haven't seen a HIV death claim, this may be debatable because unless we can prove that the death is not due to an opportunistic infection from HIV - so what I am saying is, there is a GREY area and thus would depend on whether your agent is competent in fighting for you, as well as whether the company wishes to honour the claims.

I have spoken to a few colleagues about this and we are of two minds about it. I will try to get a definite answer soon I hope.

Regards

Aaron

 

 

The solution can be found in America and some other countries that have Viatical settlements for people covered by a lifelong insurance, viatical companies buy off your insurance policy then they pay about 70 % of your insurance coverage that you get when you die.

 

A lot of people want their insurance protection money when they are alive, but insurance companies only pay you and you beneficiaries when you die of your illness.

 

It is a business trade off, viatical companies get your 100% of insurance money , but they pay you 70%to 80% of you money to you now, they are in a business and they have to pay their business costs, so don't begrudge them , but you get a large part of your money now, the problem is if you outlive the money the viatical companies pay you , some HIV patients want to claim the remaining 20% to 30% that is now belongign to the viatical companies.

 

Haven't anyone heard of viatical settlements companies , they have been around in the US for at least 20 years already.

 

Just that Spore have not come around to implementing this for those people who have a lot of insurance coverage before they caught HIv and are long term survivors of HIV and they need their insurance money for medical treatments related to HIV control.

 

There is hope I guess, since the governement have accepted reverse mortage to fund some retirees for their retirement expenses, viatical settlements is quite similar to reverse mortage , it pays when the person is still alive and get to see the money while still alive.

 

Anyone wants to bring this up with their MPs.

 

http://en.wikipedia.org/wiki/Viatical_settlement

 

A viatical settlement (from the Latin "Viaticum")^[1] is the sale of a policy owner's existing life insurance policy to a third party for more than its cash surrender value, but less than its net death benefit.^[2] Such a sale provides the policy owner with a lump sum.^[3] The third party becomes the new owner of the policy, pays the monthly premiums, and receives the full benefit of the policy when the insured dies.^[3]

"Viatical settlement" typically is the term used for a settlement involving an insured who is terminally or chronically ill. ^[3] A person generally is chronically ill if the person (1) is unable to perform at least two activities of daily living, such as eating, using the toilet, bathing oneself, or dressing oneself; (2) requires substantial supervision to protect himself or herself from threats to health and safety due to severe cognitive impairment; or (3) has a level of disability similar to that described in (1) as determined by the U.S. Secretary of Health and Human Services.^[1] A person generally is terminally ill if the person has an illness or sickness that can reasonably be expected to result in death within two years.

As medical advancements improved the lives of those persons living with terminal or chronic illnesses, the life settlement industry emerged.^[3]

From the perspective of the investor, purchasing a viatical is similar to buying a zero coupon bond with an uncertain maturity date[however an annual maintenance fee is payable i.e. the policy premium]. The return depends on the seller's life expectancy and when he or she dies.

 

A viatical settlement (from the Latin "Viaticum")^[1] is the sale of a policy owner's existing life insurance policy to a third party for more than its cash surrender value, but less than its net death benefit.^[2] Such a sale provides the policy owner with a lump sum.^[3] The third party becomes the new owner of the policy, pays the monthly premiums, and receives the full benefit of the policy when the insured dies.^[3]

"Viatical settlement" typically is the term used for a settlement involving an insured who is terminally or chronically ill. ^[3] A person generally is chronically ill if the person (1) is unable to perform at least two activities of daily living, such as eating, using the toilet, bathing oneself, or dressing oneself; (2) requires substantial supervision to protect himself or herself from threats to health and safety due to severe cognitive impairment; or (3) has a level of disability similar to that described in (1) as determined by the U.S. Secretary of Health and Human Services.^[1] A person generally is terminally ill if the person has an illness or sickness that can reasonably be expected to result in death within two years.

As medical advancements improved the lives of those persons living with terminal or chronic illnesses, the life settlement industry emerged.^[3]

From the perspective of the investor, purchasing a viatical is similar to buying a zero coupon bond with an uncertain maturity date[however an annual maintenance fee is payable i.e. the policy premium]. The return depends on the seller's life expectancy and when he or she dies.

 

 

also;

 

http://en.wikipedia.org/wiki/Life_settlement

 

A life settlement is the sale of an existing life insurance policy to a third party for more than its cash surrender value, but less than its net death benefit.^[1] There are a number of reasons that a policy owner may choose to sell his or her life insurance policy. The policy owner may no longer need or want his or her policy, he or she may wish to purchase a different kind of life insurance policy, or premium payments may no longer be affordable.^[1] Policy owners often learn about settling their policies from a financial planner or advisor, insurance broker, attorney, friends or family, or estate planning presentations.

Viatical settlements are similar but not the same as life settlements. For a viatical settlement, a person who is selling his policy (viator) is terminally or

 

chronically ill.

lthough the secondary market for life insurance is relatively new, the market was more than 100 years in the making. The life settlement market would not have originated without a number of events, judicial rulings and key individuals.

The U.S. Supreme Court case of Grigsby v. Russell, 222 U.S. 149 (1911) established a life insurance policy as private property, which may be assigned at the will of the owner.^[2] Justice Oliver Wendell Holmes noted in his opinion that life insurance possessed all the ordinary characteristics of property, and therefore represented an asset that a policy owner may transfer without limitation.^[2] Wrote Holmes, “Life insurance has become in our days one of the best recognized forms of investment and self-compelled saving.” This opinion placed the ownership rights in a life insurance policy on the same legal footing as more traditional investment property, such as stocks and bonds. As with these other types of property, a life insurance policy could be transferred to another person at the discretion of the policy owner.

This decision established a life insurance policy as transferable property that contains specific legal rights, including the right to:

• Name the policy beneficiary
• Change the beneficiary designation (unless subject to restrictions)
• Assign the policy as collateral for a loan
• Borrow against the policy
• Sell the policy to another party

In the 1980s, the U.S. faced an AIDS epidemic.^[2] AIDS victims faced short life expectancies, and they often owned life insurance policies that they no longer needed.^[2] As a result, the viatical settlement industry emerged.^[2] A viatical settlement involves a terminally or chronically ill person (with less than two years life expectancy) who sells his or her existing life insurance policy to a third party for a lump sum.^[2] The third party becomes the new owner of the policy, pays the premiums, and receives the full death benefit when the insured dies.^[2] Because of medical advancements, people with AIDS started living longer and therefore viatical settlements became less profitable.^[2] As a result, the life settlement industry arose.^[2]

A life settlement is similar to a viatical settlement, but in a life settlement transaction, the insured is typically at least 65 years old and is not chronically or terminally ill.^[2]

In 2001, the National Association of Insurance Commissioners ("NAIC") released the Viatical Settlements Model Act, which set forth guidelines for avoiding fraud and ensuring sound business practices. Around this time, many of the life settlement providers that are prominent today began purchasing policies for their investment portfolio using institutional capital. The arrival of well-funded corporate entities transformed the settlement concept into a regulated wealth management tool for high-net-worth policy owners who no longer needed their policies.

On April 29, 2009, the United States Senate Special Committee on Aging conducted a study and came to the conclusion that life settlements, on average, yield 8x more than the cash surrender value offered by life insurance companies.^[3]

Providers

[Guest BadBlood]

Hello Internet,

I am currently in my mid 20s,HIV+, employed and still relatively healthy. I understand lots of medical insurance will not cover me because of my condition (correct me if I'm wrong).

Just wanting to understand what options there are around to cover me if (and when) I get an illness or get hospitalised etc.

I'm generally a noob when it comes to insurance matters so forgive me if there are gaps in my understanding.

Thanks in advance!

[lostintranslation]

I would be interested to know If there are any additional insurances I could buy as well, e.g. Mortgage insurance, car insurance (maybe?). Would be nice if someone could share.

[Guest Guest]

If no children, why not just get inexpensive annual accident or travel insurance, which needs no medical exam, just fill form?  Forget about making discriminatory insurance industry rich? Almost all insurance will not cover until really old age, with some benefits stopping earlier, even before retirement.

 

Do your own savings and investment plan for retirement medical expenses so you can pay in cash. Remember $100 per month compounded until 70 = $$$ When old you end up paying "killingly" high extra loading for any available coverage you might find if lucky or cashing in your property, etc, anyway.