Having a life insurance policy in place can bring peace of mind to individuals who want to ensure the financial security of their loved ones even after their death. If you have been diagnosed as HIV positive and you do not already have a life insurance policy in place it can be extremely difficult to obtain one. While many insurance companies will turn you down immediately, others will offer high premium policies that will cover only the cost of your funeral.
You should look to see if you already have any policies in place that include death benefits and also to determine if they have any rider policies. You may have a life insurance policy through your mortgage on your home or even one that was offered as part of your employment package at your job. If you do have any policies in place keep them current, it is extremely important not to allow them to end as you may not be able to get them back with the HIV status.
Social security offers death benefits to your beneficiaries. Go to your local social security office and find out what the life insurance benefits are and make sure you have updated the information for the correct beneficiaries to get it. If any changes need to be made they will assist you on how to do this.
An attorney can be helpful to explain the death benefits that you have in place and to answer questions about beneficiaries and how they are to be paid after your death.
Speak with human resources at your current employer and find out if there life insurance programs that you might qualify for as part of your employment package. Many employers will take out automatic life insurance policies for their employees that will pay out a lump sum pr make payments that are a percentage of the employees current wages. The type of group policies require no underwriting or qualifications. If your employer offers this type of benefit you will be able to obtain it and might even be able to include a rider policy with it as well.
If your employer does not offer this type of life insurance policy or any that you qualify for you might consider changing jobs. You could possibly be making less than you do now and might not be in your dream job but if the employer offers a life insurance policy in your employment package it could be worth the change.
An HIV AIDS case worker will be able to help you find programs that you would be qualified for if you express your desire to obtain life insurance. Many insurance companies are beginning to include policies to HIV positive people since the effectiveness of the AIDS medications are far better and create a much longer life for the individuals.
You can find guaranteed life insurance policies from companies that will insure anyone. The premiums will be much higher on this type of policy and you can expect that the pay outs will be much less. Some insurance companies will only offer burial costs at an extremely high premium for terminally ill clients such as someone who is HIV positive.
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