While the traditional companies tanked on their idea of offering life insurance for those with well controlled HIV+, we do have an outlet that can provide life insurance for business purposes for those with well controlled HIV+. The company has the choice of covering or excluding death due to complications of HIV+ in the life insurance policy, but within the following parameters they have leaned toward not excluding it. Please keep in mind that this is only for business life insurance such as business loan collateral life insurance, key person insurance and buy/sell life insurance.
1. Diagnosis was made 3 or more years prior to application.
2. Client has been on Anti-retroviral drugs for 3 or more years.
3. Client has an undetectable viral load.
4. CD4 lymphocyte count is within normal range. Baseline CD4 and nadir will be requested.
5. Client has NO history of Hepatitis C.
6. Client has NO history of IV drug abuse and is a non smoker.
7. NO history of AIDS defining illness.
The criteria is what we were told was going to work for traditional life insurance, but that turned out to be a sham. But for business insurance we have two companies that will approve HIV+ life insurance and we have customers who have benefited from that. The business life insurance policies are in force. Even with the company prerogative of excluding complications of HIV, very few people are actively leading an existing company or pursuing the start up of a new company are concerned with the mortality experience with well controlled HIV+. They know that, given early detection and aggressive treatment, their life insurance will likely go unused, but the nature of business life insurance is such that not being able to get an approved policy can stop your business in its’ tracks. When a bank says they have to have life insurance for loan collateral, you provide it or don’t get the loan.
When a large business merger depends on the principals having life insurance in favor of each other, saying you can’t hold up your end could be throwing away a huge opportunity. Like a client that contacted us today, she was offered the chance to be a full partner in a law firm, but couldn’t hold up her commitment to provide key person life insurance because she had been declined by traditional life insurance companies. We can not only get the business life insurance approval, but can often have it in place and in force within 4-5 working days.
We know we’re speaking to a relatively small segment of those who need business life insurance, but we are also well aware that for those who are HIV+ and getting on with their business life, we have the only answer out there. For reasonable rates we can provide the life insurance that your bank, your CEO, your board of directors or the other half of a great business deal REQUIRE! If you have questions or need quotes any any major impairment, including HIV has stopped you from acquiring business life insurance, call or email us. We can help.
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