Important life insurance eligibility update for positive people
Good news. You no longer need to have an undetectable viral load to be eligible for life insurance.
The only constant is change
Unusual Risks Insured has been helping people with well-managed HIV or diabetes get their life insurance sorted since we first opened in late 2013.
Initially, the eligibility medical rules for applications for life insurance were that 'a person had to be on treatments for at least 6 months and required to have an undetectable viral load'.
Due to recent developments in medical big data and our ongoing negotiations with one of our key providers, there has been a welcomed change in the eligibility criteria. Applicants are required to have an undetectable viral load or be close to it.
The inclusion of those last five words is welcomed relief for many clients who are looking to get their life insurance organised asap but who have not yet reached the goal of undetectable (but who are close to it).
Recent modeling from The Kirby Institute suggests the proportion of people with diagnosed HIV on treatment may be as high as 92% and possibly more than approximately 90% of these individuals have suppressed viral loads.
What does this mean if you've previously been unsuccessful in our life insurance pre-assessment?
If you've previously completed our online anonymous pre-assessment survey but received the red light due to a detectable viral load, we’d encourage you to visit us online again to complete our updated assessment survey and see if you now get the green light.
As always, when in doubt, please strike up an email conversation with us and feel free to provide some more details about your situation. We can then approach our medical underwriters on your behalf and make an individual case for you to get your life insurance cover in place.
Unusualrisks.com.au provides support to those people who insurance companies leave behind. We believe in giving every person the power to use life insurance products to protect & provide for their loved ones, their businesses and their legacy — free from barriers of stigma and discrimination.
We know that, as an LGBTQIA+ person (or someone who goes without labels entirely), you have specific financial advice, life insurance and privacy needs.
We're committed to serving the LGBTQIA+ community and its Allies. For us, it's about #AdviceEquality.
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The advisor to Unusual Risks Insured: Drew Browne is an Authorised Representative and Sapience Corporation Pty Ltd. ABN 29 086 679 718 is a Corporate Authorised Representative of an Australian Financial Services Licensee AFSL Shartru Wealth Management Pty Ltd #422409 ABN 46 158 536 871. Any information provided is General Advice Only and we have not considered your personal circumstances. Before making any decision on the basis of this advice you should consider if the advice is appropriate for you based on your particular circumstance. Unusual Risks is a Trauma Informed Organisation (TIO) and affirms the Darlington Statement on Intersex Human Rights Australia.
Unusual Risks Insured acknowledges the Traditional Custodians of Country throughout Australia and their continuing connection to land, waters and community. We pay our respect to them and their cultures, and Elders, past, present and future.
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