We work with two specialist insurers. They have different criteria and it's important to check that you meet them before applying. If you meet the criteria of both insurers, you can apply to both and compare quotations. If you don’t meet the criteria for either insurer, please don’t complete the form as your application will automatically be declined.
These are currently the criteria for the first insurer:
These are the criteria for the second insurer, who doesn't require you to be on medication:
If you meet the criteria of either or both insurers, simply complete the application form and we will get back to you as quickly as possible with the indicative premium. Proceed to the application form. We will forward your application to either or both insurers, depending on which criteria you meet.
There are different kind of life assurance policies. It’s important that you understand the differences, so you can choose the one that best meets your needs. Below is an outline of the policies. We are not allowed to offer you advice, so if you’re not sure which is best for you, please consult an independent financial advisor.
Term Assurance is a life assurance policy that runs for a specified period of time. In the context of HIV, the current maximum term is 10 years. At the end of that period, you can apply for another policy.
Cash lump sums are free from Income and Capital Gains Tax and will only be paid out to the estate or beneficiaries if the life assured dies within the policy term.
Terminal Illness Option: All policies come with the additional option to include Terminal Illness Cover. This will pay out a guaranteed tax-free lump sum to the value of the sum assured if you are diagnosed with a medical condition which is expected to cause death within 12 months where the diagnosis is agreed by our Chief Medical Officer.
For term policies, the diagnosis must be made whilst there are more than 18 months before the policy expiration date for the claim to be valid.
Please note, the Terminal Illness Option incurs an additional 1% charge.
Level Term Assurance: Straight forward life cover if you want to leave a cash lump sum to provide for your partner or family or business (Business Protection) if you die within the policy term.
Decreasing Term Assurance: Life cover that is often used to repay the outstanding balance of a mortgage or other reducing loan if you die before the mortgage or loan has been repaid.
Family Income Benefit: This policy allows you to make provision for your family in the event of your death. The Family Income Benefit is a long term assurance policy which will pay out a regular tax-free income, upon your death, for the remainder of the policy term. Alternatively, your dependants have the option of converting the income payments to a single lump sum.
Gift Inter Vivos: This is a special type of term assurance, designed specifically to match the Inheritance Tax (IHT) liability on any gifts you make that HMRC could consider a Potentially Exempt Transfer (PET). The policy has a seven year term and the sum assured decreases in line with the IHT liability on the gift(s) you have made. If you die within the policy term, the sum assured will be paid to your beneficiaries as a tax-free lump sum, to cover any remaining IHT liability on your gift(s).