Can I Get Life Insurance If I Have HIV?

There are very few diseases that can’t be cured yet and HIV/AIDS is one of them. Medical science still doesn’t know how to cure HIV completely. There are some temporary treatments but today or tomorrow the patient will face critical problems. That’s why getting life insurance for the patients with HIV becomes difficult and most of the times they end with failure.

Over 1.1 million people in the USA are living with HIV and the most hazardous thing is they don’t know that they are carrying this disease.

So, they are not looking for treatment until it’s too late.

Can You Get Life Insurance If You Have HIV or AIDS?
With HIV or AIDS, getting a life insurance was impossible before. But the days are now gone. Now, insurance companies are offering policies to the HIV people.

Though the policy is available, there are several limitations.
With HIV you can only obtain critical illness and guaranteed acceptance life insurance.

Critical Illness Life Insurance
Critical illness life insurance is offered to those people who have deadly disease and the disease is not curable. If you have HIV, it will be very difficult to get cheap policy but you can get a policy obviously. This policy is a big expensive as the insurer know that you have a disease that is dangerous for your health.

No Exam Life Insurance Policy
Another policy offered by the insurers is guaranteed acceptance life insurance that is popularly known as no exam life insurance. This policy requires no medical exam so there is no health issue for you. You can get this policy with any illness and that is not a concern for the company. So, the price is also expensive here. But it is guaranteed that you will get a policy that you are looking for.

The maximum coverage amount with this policy is $20k. This is because the insurance company doesn’t know much about your health and they are taking the complete risk.

Most of the times, there is a waiting period of 2 years. There will be no death benefit before the 2 years’ time period. If the client dies within 2 years, there will be no benefit provided to the beneficiaries. Only the paid premiums with 5-8% interest will be paid.

Verdict
There are several policies available and you can compare the rates otherwise it will never be possible to get affordable policy. You can get free quotes and compare them to find out which one is the best and suitable for you.

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