HIV positive people have been greatly discriminated against worldwide by insurance agents. Many people living with HIV or AIDS have been unable to get home loans because they could not get life insurance or were offered life insurance at nosebleed prices.
Some companies in South Africa have came up with innovative ways to offer life insurance at an affordable rate, based largely upon the risk factors associated with how well the policy holders adhere to therapy. Moneyweb reports:
A key component of AllLife’s innovative model is the direct offering to consumers. Products include Term life insurance (duration of cover varies, with premiums remaining fixed for the duration of the policy - Level cover for ten years and twenty years is available); Whole Life “standard” life insurance, similar to life insurance policies available to non-HIV+ individuals that provides level cover for as long as premiums are paid, and is available on a fixed monthly premium or increasing monthly premium basis. This product is a pure risk life insurance policy and not a funeral policy; and Home Loan Protection insurance providing cover for the amount outstanding on the individual’s home loan. Central to the calculation of premiums is the prospective policy holder’s health profile and commitment to adherence to appropriate therapy. Cover is extended up to R1 million.
Read more: First ever broad based life insurance for HIV+ individuals to revolutionise industry
Your Comments
son amateur sex
poker os strip
company card debts credit
online prescription 260free hydrocodone
Side Ambien Effects dangers
Side Ambien Effects dangers
for amoxil
cd media rw cd-rw
an infobox
Wow, very interesting proposal. I wonder how it will work long term. Life insurance is based on law of large numbers of people living a long time. Usually anyway.
It's an interesting concept and wonder if they will be profitable with it long term. Keep us informed. This is a curious topic.
Nice blog!
quite informative, love to read this blog. It can compare the leading insurers for Life Insurance, Critical Illness, Income Protection
and Mortgage Protection quickly and easily, also you can find insurance companys in your state to request a free online quote.
A promise of compensation for specific potential future losses in exchange for a periodic payment. Insurance is designed to protect the financial well-being of an individual, company or other entity in the case of unexpected loss. Some forms of insurance are required by law, while others are optional.Everything you ever needed or wanted to know about disability and long term care insurance.
Pru, who are based in South Africa are now also able to consider HIV+ applicants in the UK too.
on What is in the name?? Good service needs no name
on Term Life Insurance – Private Insurers Dominate with 33%.
on Term life insurance to take on mortgage repayment??
on Term Life Insurance – Private Insurers Dominate with 33%.
on Term Life Insurance – Private Insurers Dominate with 33%.
on Term life insurance to take on mortgage repayment??
on Term life insurance to take on mortgage repayment??
on Term Life Insurance – Private Insurers Dominate with 33%.
on Term Life Insurance – Private Insurers Dominate with 33%.
on Term Life Insurance – Private Insurers Dominate with 33%.