Finding burial insurance with AIDS or HIV is not an easy task because the choices for life insurance for people with AIDS or HIV are limited. It was once virtually impossible to find life insurance coverage for AIDS patients. Many insurance carriers decline life insurance applications from people who have AIDS or AIDS-related complex.
As of today, there are only a select few insurance carriers offering a standard life insurance policy to those people living with AIDS. With more than 800 life insurance companies in the U.S., only a handful will approve people with an AIDS diagnosis. These carriers will issue coverage at a rating. The harsh reality is traditional life insurance with AIDS can be extremely expensive, even exorbitant.
Here’s the good news!
The advancements in medical treatment and changes in state laws make it possible for people with AIDS to be eligible for burial and funeral insurance.
You can now get burial insurance. However, you will have a two-year waiting period before your policy will pay the full benefit. If you have been diagnosed with AIDS and want burial insurance to help protect your family financially, we will help you find your options.
In this article, we will discuss what options you have when you have been diagnosed with AIDS. In addition, we will teach you how to find affordable burial insurance with AIDS.
FOR EASIER NAVIGATION:
WHAT IS AIDS?
AIDS stands for Acquired Immune Deficiency Syndrome. It is caused by the human immunodeficiency virus or HIV which can be acquired through unprotected sex, hypodermic needles, contaminated blood transfusions, and from mother to child during pregnancy.
AIDS is the most advanced stages of an HIV infection. When the infection is very advanced and if left untreated, it will lead to death.
An individual is said to have AIDS when his immune system is weak enough that it can no longer protect itself against infection and the patient has developed one or more clinical conditions (including opportunistic infections and certain cancers).
The Centers for Disease Control and Prevention (CDC) defines AIDS as CD4 positive T-cell count of less than 200 per mm3 of blood. Healthy adults usually have CD4 positive T-cell counts of around 800 or more.
Life expectancy now is near-normal in HIV patients with CD4 counts over 350 a year after starting therapy. There is no known cure for HIV but with the right treatment people living with HIV can enjoy long and healthy lives. To attain this, it’s essential to commit to taking treatment correctly.
What are the symptoms of AIDS?
The early stage of AIDS:
Early HIV infection is defined as an infection in the past six months and includes acute infection. Within 2-4 weeks after HIV infection about 40 to 90% of people have flu-like symptoms. Some infected individuals do not feel sick during this stage.
Flu-like symptoms can include:
- Sore throat
- Night Sweats
- Muscle aches
- Mouth ulcers
- Swollen lymph nodes
These symptoms can last from a few days to several weeks. However, some people who are infected may not show any symptoms at all for ten years or more. During this time, HIV infection may not appear on HIV test, but people who have it are highly infectious and may spread the infection to others.
Do not assume you have HIV because you feel any of these symptoms. Each symptom can be caused by other illnesses.
Later symptoms of AIDS:
If you have HIV and you are not taking medications, eventually the virus will weaken your immune system, and it will progress to AIDS.
It is the late stage of HIV infection where your immune system will have a hard time fighting off diseases, and you’ll be sick from infections that generally wouldn’t hurt you.
The symptoms of AIDS include:
- Sore throat
- Deep, dry coughing spells
- Thrush or a thick white coating on your tongue or mouth
- Having fevers or night sweats for a long time
- Feeling short of breath
- Rapid weight loss
- Bad yeast infections
- Chronic pelvic inflammatory disease
- Bruising more easily than normal
- Skin Rashes
- Bleeding from the mouth, nose, vagina or anus
- Feeling numb in both of your hands or feet
- Not being able to move and losing strength in your muscles
- Losing control of your muscles and reflexes
What are the Treatments for AIDS?
The medicines used to treat HIV/AIDS are called antiretroviral drugs. There is no cure for AIDS, but many drugs are available to control the virus. There are over two dozen of them.
Each class of drug blocks the virus from progressing. Antiretroviral therapy (ART) is recommended for all who have HIV. It can help people with HIV live longer and reduce the risk of HIV transmission.
The classes of anti-HIV drugs include:
- Non-nucleoside reverse transcriptase inhibitors (NNRTIs)
- Nucleoside or nucleotide reverse transcriptase inhibitors (NRTIs)
- Protease inhibitors (PIs)
- Entry or fusion inhibitors
- Integrase inhibitors
WHY DO YOU NEED TO BUY BURIAL INSURANCE IF YOU HAVE AIDS?
AIDS causes the immune system to fail which allows life-threatening infections to thrive. There’s no cure for AIDS, but treatment can prolong life.
AIDS if not treated will lead to premature death. A person with AIDS is confronted with the harsh reality of death, and buying final expense insurance is an important consideration.
The first purpose of burial life insurance for AIDS is to cover your final expenses because funerals are expensive!
The average cost of a funeral and burial is about $10,000. AIDS life insurance can be used to pay funeral and burial cost. Burial insurance can provide financial protection against the funeral cost and provide peace of mind to your surviving family members.
More often people with AIDS leave their family with massive medical debt and burial expenses to pay. Burial insurance, final expense insurance or funeral insurance plans can provide a source of funds for the survivors to use so they can pay medical bills incurred before death.
Burial insurance will give you peace of mind knowing that your family will be taken care of when you pass away.
BURIAL INSURANCE WITH AIDS UNDERWRITING
Underwriting for burial insurance is different from term life and whole life insurance.
Currently, few carriers offer term life insurance for people with AIDS. Their underwriting departments will want to know the severity of your condition.
These are the typical requirements of standard life insurance with medical underwriting:
- 30 – 65 years old
- Diagnosed with HIV over five years ago
- HIV viral load undetectable for at least two years
- Treatment with antiretroviral therapy (ART) for at least 2-5 years without any lapses in treatment. Continuous monitoring by a doctor.
- A CD4 count of 350 cells/mm3 or higher for at least two years including a current CD4 count
- Must provide the APS of the doctor who follows them and looks at all virus load count; usual follow-up typically will be every six months
No prior history of:
- Resistance to antiretroviral medication
- Hepatitis B or hepatitis C infection, with proof of negative test results
- Coronary artery disease, cancer, diabetes, or significant psychiatric conditions
- Alcohol or drug (illicit or prescription) abuse
Underwriting is different with burial insurance with HIV or AIDS
The burial insurance companies don’t care about all that stuff mentioned above.
You don’t have to go through a medical exam or anything like that. You only need to answer a few health questions with a yes or no. They just want to confirm if you have AIDS or not.
Once you apply, insurance companies will run a health check through different databases to check if your answer on the application matches your record.
They will also check the medical information bureau (MIB) to see your insurance application history. MIB will reflect when you applied for insurance in the last few years. If you applied to several insurance companies in the past, the carrier would want to know why.
A MIB “hit” will raise red flags if your answer to the application does not match your previously released information on your application history.
The insurance company you are applying for will check your prescription history.
They can see it even if you answer differently. If your answer to the application question does not match the prescription medication you take, that will be a red flag. For example, you are taking antiretroviral meds, and you answer no to the AIDS question, they will know that you didn’t answer the AIDS or HIV question accurately on your application.
The health questions could be as simple as: “have you ever been diagnosed as having acquired immune deficiency syndrome (AIDS)?
If you say “no” to that question and you are taking antiretroviral drugs, the carrier will likely decline your application or suggest you get a guaranteed issue life insurance policy.
SHOULD I DISCLOSE MY AIDS STATUS TO INSURERS?
You are not forced to disclose your AIDS status in the insurance application, however, you must inform the company if they ask for it.
Reveal your condition only if they ask you that information to get insurance coverage. If the company doesn’t ask about AIDS or AIDS-related complex, you aren’t obligated to divulge that information.
However, it is vital, to be honest in answering health-related questions during application.
All insurance companies have a contestability period of two years after you purchase your policy. During this time, the carrier can cancel your policy or challenge a claim by your beneficiary if they found that you have lied about your health condition.
Even if you choose no medical exam policy, the insurance carrier will still run the Medical Information Bureau and check your prescription history. While having red flags doesn’t mean you will automatically be denied, it may increase your monthly premium.
WHAT MEDICATIONS WILL INSURANCE COMPANIES LOOK FOR WHEN I HAVE AIDS?
If you say yes to the questions about AIDS, the traditional insurance company will deny your application. If they find out you have taken a prescription for AIDS, you will be denied even if you say you do not have AIDS.
Here’s a list of prescription medications flagged for AIDS. If you are prescribed any of these drugs, you will not qualify for any burial insurance that has medical underwriting.
The presence of these drugs in your prescription history will confirm your HIV or AIDs condition.
- Tenofovir disoproxil fumarate
Always be honest when answering the health questions because it is illegal to intentionally lie on your insurance application.
WHY INSURANCE COMPANIES RESIST COVERING PEOPLE WITH AIDS
Insurance companies consider people with AIDS as high-risk, and they don’t want to deal with this financial risk. Their objective is to manage the risk that may affect an early payout because statistics weigh heavily against people with AIDS.
Medical advancements in AIDS treatment are enabling people with AIDS to live longer.
Despite the gains in life expectancy, people with AIDS are more likely to get AIDS-related complex or non-AIDS illnesses years before non-infected people. People with AIDS typically have heart attacks 16 years earlier than the general population. Non-AIDS associated cancers are diagnosed 10-15 years earlier in people with AIDS.
Normal life expectancies are achieved as a result of early antiretroviral therapy, but there is a big gap in the number of people who are able to sustain the undetectable viral load. There is an estimated 30% of those diagnosed with HIV who are able to achieve viral suppression, while less than 50% remain in care after HIV or AIDS diagnosis.
The insurance providers will always be concerned about the health of people with AIDS.
No matter how good the applicant can be, they cannot control how they manage their condition and whether they take their medications to prolong their lives.
Although, AIDS therapy is more effective today than in the past still the insurance companies view the chronic management of the disease as high-risk and places them in the same risk category as people with congestive heart failure.
BURIAL INSURANCE OPTIONS WHEN YOU HAVE AIDS
Guaranteed Issue Life Insurance
If you have AIDS and you cannot qualify for standard life insurance because of rigid underwriting, guaranteed issue policy is your only option.
A guaranteed life insurance policy is available to everyone regardless of health condition. It does not require an applicant to take a medical exam or answer any health-related questions to qualify.
This policy is typically reserved for people who cannot be eligible for any other type of life insurance. As long as you are a U.S. citizen, and you are between the ages of 45-85 you will qualify.
Guaranteed final expense insurance policies are small whole life insurance policies reserved for covering final expenses. The coverage ranges from $1,000 up to $25,000 although some burial insurance companies offer a maximum of $50,000.
Advantages of Guaranteed Issue Life Insurance:
- Easy To Qualify – You can secure a policy without undergoing a medical exam or answering health questions. All you need to do is fill out an application, pay the premium, and you are covered.
- Fixed Death Benefit – Your death benefit will never decrease for any reason. Your beneficiary will receive the amount on your policy.
- Level Premium – Your monthly insurance bill is fixed. It will never increase in the future. You lock the rate at your current age, and the price will never go up for any reason.
- Tax-Free – Your death benefit will be given to your beneficiary tax-free.
- You Can Choose A Smaller Amount Of Coverage – You can choose between $1,000 to $25,000 coverage amounts.
- Non-Cancellable – Your burial insurance policy can never be canceled by the carrier as long as your premium payments are made on time.
You need to understand that guaranteed acceptance life insurance also have drawbacks.
There are potentially three major disadvantages of guaranteed issue policy:
- Guaranteed issue is one of the most expensive types of life insurance because the insurance company takes a higher risk compared with policies with medical underwriting.
- Guaranteed issue life insurance can only provide up to $25,000 in coverage.
- Guaranteed issue life insurance contains a graded death benefit.
Graded Death Benefit for AIDS or HIV
The graded death benefit is a clause written into the policy which states that in order for the life insurance policy to pay the death benefit for a non-accidental cause of death, you will have to live for two to three years after your policy goes 100% into effect.
If you die of natural causes during this waiting period, your guaranteed issue policy will not pay the full death benefit to your beneficiary. Instead, the company will refund all the premiums paid plus 10% interest.
We work with different guaranteed issue carriers. If you need more information on this type of coverage, please call us at (888)862-9456.
OTHER BURIAL INSURANCE OPTIONS FOR PEOPLE WITH AIDS
Insurers are now offering insurance coverage to people with AIDS because the advances in medical treatment enable them to live a normal life. Standard life insurance like term life and permanent life insurance are not yet available for people with AIDS, although new types of policy are being created for this market. Currently, Prudential Life Insurance offers life insurance to HIV positive patients. The coverage amount in these new insurance policies is much affordable compared with standard life insurance.
If you had bought a life insurance policy before your AIDS diagnosis, it’s crucial to keep your policy in force. Don’t let the policy lapse because if it lapses, it will be difficult if not impossible to get the same insurance coverage in the future.
HOW MUCH WILL BURIAL INSURANCE WITH AIDS COST?
Generally speaking, AIDS is a severe health risk; therefore burial insurance coverage for people with AIDS is more expensive than other medical conditions.
People with AIDS are expected to pay three to five times higher premium than an individual in perfect health. If you want a cheaper premium, you can buy a policy with a lower face amount.
As medical treatment progress and life expectancy increases for people with AIDS, insurance companies are now offering insurance coverage for this market.
The exact costs for burial insurance with AIDS will be determined after the underwriting process. If you are approved for burial insurance for AIDS – your rates would be comparable to those offered to people with some forms of diabetes, heart disease, and cancer.
HOW TO FIND AFFORDABLE BURIAL INSURANCE WITH AIDS
To find affordable burial insurance with AIDS work with an independent life insurance agency like Funeral Funds who have access to many different insurance companies.
We can research hard to find coverage for your needs. Contact us to compare AIDS life insurance quotes to see what company will give you the best rate.
Trying to find a policy if you have AIDS can be frustrating, but working with us will make the process easier. We will work with you side by side to find a plan that fit your needs.
HOW CAN FUNERAL FUNDS HELP YOU?
Trying to find a policy with HIV or AIDs needn’t be a frustrating process, but working with an independent agency like Funeral Funds will make the process easier and quicker.
If you have a history of HIV or AIDs, let us help you; we will work with you side by side to find a plan that fits your needs.
You don’t need to waste your precious time searching for different insurance companies; we will do the work for you. We will compare life insurance plans. We can shop your case to different companies to get your application approved.
Here at Funeral Funds, we specialize in obtaining life insurance coverage for people with a history of HIV or AIDs.
We work with many A-rated insurance companies that specialize in high-risk clients. We will search those companies to give you the best rate ever. We’ll match you up with your best funeral and burial insurance option.
We will assist you in securing the coverage you need at a rate you can afford. So, if you are looking for funeral or burial insurance with HIV or AIDs in your medical history, we can help. Fill out our quote form on this page or call us at (888) 862-9456 and we can give you an accurate burial insurance quote.