HIV Life insurance [Step by Step]
Getting life insurance coverage can be attainable.
Follow our step by step guide below to find which options are available to you.
STEP 1: Qualify
There are 2 options for coverage with HIV.
Depending on the benefit amount and/or your health history, you may qualify for
Option A or Option B.
Are you looking for a benefit of $100,000 or more?
There is a 2 Step process in order to secure coverage.
- ELIGIBILITY: You will need to pass the following eligibility questions in order to move forward with the application process.
- TimeSaver: Once you pass the Eligibility questions, you can then complete the last step, the TimeSaver.
Option A eligibility
You first need to make sure you pass all of the Option A eligibility questions before moving on to the next step.
If you’re eligible, simply click the GET STARTED (OPTION A) button below. You can always call us at 888-411-1329 if you have any question about eligibility.
Option A Eligibility Questions
Please note the following list is not comprehensive, and all applications are subject to complete underwriting.
- Age 30 – 65
- Diagnosed with HIV more than five years ago
- Treatment with antiretroviral therapy (ART) for at least 2-5 years without any lapses or delays in treatment Continuous monitoring by a qualified physician
- Undetectable HIV viral load for at least two years
- CD4 count of 350 cells/mm3 or higher for at least two years including a current CD4 count
No prior history of:
- Hepatitis B and/or hepatitis C infection, with proof of negative test results
- Resistance to antiretroviral medication
- Alcohol and/or drug (illicit or prescription) abuse
- Coronary artery disease, diabetes, cancer, or significant psychiatric conditions
Are you looking for a benefit of $25,000 – $50,000? Were you unable to pass the Option A screening questions? A Guaranteed Issue life insurance policy may be available to you.
This policy will have no health questions, so everyone is approved, however, product availability is not available to all 50 states.
Option B eligible?
Option B is is guaranteed if you meet the basic eligibility requirement. If you do meet them, you can’t be denied coverage as there are no medical or qualifying questions.
Option B Eligibility Questions
- Are you over the age of 18?
- Do you reside in one of the approved states below?
- Approved States: AL, AR, AZ, CA, CO, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, MI, MO, MS, NC, ND, NE, NJ, NM, NV, OH, OK, PA, SC, SD, TN, TX, VA, WV, WY
- *If you are age 50 or older & live in the USA, you may have additional companies & options to choose from.
Learn about life insurance with HIV
Want to learn more about life insurance with a diagnosis of HIV? We’ve put together a comprehensive article that goes over current companies that offer coverage as well as what the carriers will look into before offering coverage.
Life Insurance with HIV
UPDATE: There are now multiple companies offering HIV life insurance. Please read this article carefully for updated information on carriers that do and do not provide coverage.
When it comes to getting life insurance with HIV, you may have asked some of these questions:
- Do life insurance companies test for HIV?
- Can you get life insurance if you have HIV?
- How much will life insurance cost with HIV?
I’m sure you’re heard that it can be difficult to get approved.
Or is it?
Well, it turns out, there are some life insurance companies who are understanding that HIV isn’t a health condition that is as risky to insure as it once was.
Step 1: Complete the HIV Life Insurance Inquiry below. This will allow Life Insurance Blog to research which companies & types of policies are available to you. We’ll simply reach out to you as soon as our research is completed.
Want to compare rates?
Get instant life insurance quotes now.
HIV life insurance with Prudential
UPDATE: Prudential has currently suspended the Aequalis program and it is not currently known if it will be returning. The good news is there are now multiple companies in this market which can improve your chances of coverage.
Prudential Financial Inc. is one of the country’s top life insurers.
They are the first major life insurance company to offer this type of policy publicly. This shows that the industry is recognizing that HIV has moved away from a death sentence and into a manageable disease.
If you are living with HIV, The Prudential Life Insurance company provides a 10 year and 15 year individual term life insurance option.
Life insurance for someone with HIV
There are more than 1.2 million Americans who are currently living with HIV and there are approximately 50,000 people diagnosed with HIV each year.
For decades, HIV has been a condition that has prevented the majority of people from securing decent benefit amounts.
While the life insurance industry regularly covers other conditions and diseases like Heart Disease and Cancer (at a higher cost than healthier people).
In the past, if you had HIV, you would not get approved and would receive a life insurance decline. You would typically purchase a “Guaranteed Issue” policy as that was the only life insurance option.
Guaranteed Issue life insurance typically provides a maximum death benefit of no more than $50,000.
Some companies offer a maximum much less than $50,000!
These small benefit policies limited the majority of those seeking coverage for higher benefit amounts.
Those wanting to protect their mortgage, salary, and their family’s future were not able to do so with a single Guaranteed Issue life insurance benefit policy.
Updated HIV life insurance companies
There are now multiple life insurance companies offering coverage for those with HIV.
With multiple life insurance carriers providing coverage it can significantly improve your chance at securing a policy with a much higher death benefit than a Guaranteed Issue policy.
HIV Life Insurance Companies
Prudential was one of the few companies that provided life insurance for those with HIV.
The type of coverage that Prudential offers will be 10 or 15 year term life policies.
The best part?
These policies will also be able to be converted into a permanent policy…
…that can cover your entire life.
Convertible term policies are when you change your 10 or 15 year term policy into a permanent life insurance policy. An example of this would be changing from term life into whole life insurance.
Do life insurance companies test for HIV?
When you apply for life insurance, companies will research your health, lifestyle, and finances.
This process is called underwriting and they want to know how much of a risk you are before offering you a life insurance policy.
Not everyone may qualify for these policies however. You may qualify for Prudential’s policies if you are living with HIV under the following conditions.
- A permanent U.S. resident.
- You are between the ages 30-60.
- You meet minimum basic requirements
- Scroll to the bottom of this post and complete our simple HIV Life insurance screening form.
- You undergo standard underwriting.
Mike McFarland, chief underwriting officer of Prudential Individual Life Insurance, stated “As medical technology advances, we continuously evaluate and update our underwriting criteria, which has resulted in our ability to offer insurance to people dealing with various medical or chronic conditions.”
He also added that…
“With advances in the successful treatment of people with HIV, we are now able to offer this population the opportunity to apply for life insurance- a milestone we see as a significant step in the right direction.”
HIV Life Insurance Coverage
Prudential is the first major life insurance company to provide term life coverage.
They have done the research with medical underwriting data and with HIV life expectancy in order to develop and offer this product.
Now that Prudential has opened the door, it should encourage other life insurance companies to follow. The life insurance business is very competitive which ultimately helps the consumer.
Often times when one company has a focus or niche on a certain health condition other companies will follow.
Scott Schoettes, HIV Project National Director of Lambda Legal, an organization that works to protect the rights of the LGBT and HIV/AIDS community, stated “Finally, an insurance company has realized that this is the right thing to do and that it is profitable from a business perspective to offer this product to people living with HIV.
Now that there is one company out there doing this, it will encourage others to do the same when they see that there is money to be made in this market.”
How much will life insurance for HIV positive cost?
The exact costs for this product will be determined after you have gone through the underwriting process.
It is not guaranteed that you will qualify for coverage.
However, if you are approved life insurance for HIV – your rates would be comparable to policies that are offered to people with some forms of cancer, diabetes, and heart disease.
Your term life insurance policy will be table rated with a flat extra.
This means that the policies won’t be inexpensive and will cost more than standard term life insurance rates.
Want to get sample rates?
Use our “INSTANT LIFE INSURANCE QUOTER” located at the side of the article (top if on mobile). Select 10 or 15 year term & $100,000 or more. Choose “Standard” as your health class rating. Locate the quotes for American National, Symetra, Americo & John Hancock and multiply by 200%.
A table rating simply adds approximately 25% to every table above standard. So if your health condition was a Table Rating 1 (or Table A), you would add 25% to the Standard rate.
We’re seeing a Table 8 (or Table H) rating for life insurance with HIV and with a Flat Extra.
The HIV term life options will be a significant upgrade from minimal and basic coverage that typically comes with a Guaranteed Issue policy.
Prudential Life Insurance
Prudential has been an excellent company for several health conditions, tobacco users and marijuana smokers. For over 80 years, Prudential has underwritten life insurance for prostate and breast cancer survivors. Offering life insurance for people with HIV is the next logical step.
If you are HIV positive and are looking for life insurance, please contact me at 888-411-1329 or complete our CONTACT US form. I look forward to helping you secure your future.
Thank you for reading our post, HIV Life Insurance with Prudential. Please leave a comment or complete our HIV for below. We look forward to helping you.