Zurich Life is to offer life insurance to gay men for the first time in a
policy U-turn that follows media criticism of its procedures.
It changed its policy after it told an online survey by gay website
queercompany.com that it would not insure gay men. The survey led the ABI
to call for life companies to reassess the issue of insuring gay men and
related concerns about HIV and Aids.
This week, Zurich reportedly told the website it did not quote on
homosexuals as it had difficulty assessing the risk.
But, speaking to Money Marketing, a Zurich spokeswoman says: “We have
reviewed our position and will be offering life cover to gay men within the
next few months.”
Commenting on improved treatments and changing patterns of HIV and Aids,
ABI spokesman Malcolm Tarling says: “The industry must look at the way it
deals with HIV and Aids to make sure the industry's stance reflects the
true risks out there.”
The ABI is reviewing its statement of practice on the issue in conjunction
with HIV charity the Terrence Higgins Trust.
Massow Rainbow Group consultant Jeff Monk says:”I would welcome the change
as long as Zurich does not move to a position where they make gay men pay
through the nose for cover.”