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People with HIV+ urged to check T&Cs before cancelling protection

Unusual Risks marketing manager Chris Morgan has urged people diagnosed as HIV+ to check the terms and conditions of their protection contracts before cancelling them as they may still be covered.

Morgan’s warning comes after research carried out by the specialist medical financial adviser which shows around 76 per cent of people who are HIV+ cancel a protection insurance policy following their diagnosis.

Of the 123 HIV+ people asked whether they had cancelled an insurance policy following their diagnosis, 93 said yes and 30 said no.

When asked, if yes, which type of policy was cancelled, 63 said life assurance, 37 said income protection, 18 said critical illness and 41 said private health insurance.

Unusual Risks marketing manager Chris Morgan says: “It is quite shocking to think that over three quarters of people diagnosed with HIV are cancelling their insurance policies after their diagnosis, it would appear that this is without checking the terms and conditions of the contract first.

“We have found that the majority of income protection, critical illness and private medical insurance policies do not cover people in the event of HIV. However, the majority of life assurance and life insurance plans do in fact cover people in the event of a HIV diagnosis.”


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There are 3 comments at the moment, we would love to hear your opinion too.

  1. Who the hell are these advisers that allow their clients to do that? Let me guess, online execution only brokers.

    I actually do agree wih the the move to ending indemnified initial despite the pain it will cause. It’s got to be the way forward in aligning clients interests with our own.

  2. People don’t always chose to disclose why they’re cancelling their insurance with a broker or adviser – If they did the adviser would almost certainly try and convince them to stop. Nobody benefits from a cancelled policy. – If people are as honest as they can be with an adviser it benefits them tremendously. If you’re looking for insurance use a compare site like Quotesupermarket – they are a comparison site you can talk to. Advisers help guide you through the insurance process, answering any questions you may have. Always safer to speak to someone if you have any queries or concerns.

  3. Nice plug for your website mike, love it!

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