Living with HIV? You can still invest in a life insurance policy to protect the people you love.
Life insurance is a fantastic financial tool that can help create a safety net for your family. This is why it’s a must for anyone who’s responsible for taking good care of the people they love. So, what makes life insurance important for those living with HIV? As it turns out, it’s the exact same reason.
Being the family breadwinner doesn’t stop when you’re diagnosed with HIV. In fact, an HIV diagnosis doesn’t have to change much of anything. Millions of South Africans are living with the disease and, thanks to leaps and bounds in modern medicine, are positively thriving.
Still, if you’re living with HIV you might wonder if it’s possible to get a life insurance policy and we’re happy to tell you that no insurer may discriminate against you because of your HIV status. But what they will do is assess your level of risk – and this is no different to how they’d consider anyone living with a chronic illness.
Applying for life insurance when you’re HIV positive
Many people don’t like the idea of applying for life insurance as they assume they might have to undergo rigorous or expensive medical testing to assess their risk but this is a myth. When you apply for a policy at MiWayLife, you won’t be required to do any invasive medical testing but we might request that you do an HIV test. Better yet, we make it easy by sending a professional nurse from a trusted service provider to test you in your own home. This way, we can be assured that the stringent life insurance industry testing protocols are adhered to.
Why your CD4 count matters
If you’re living with HIV you’ll know all about CD4 counts. This reflects the number of infection-fighting white blood cells in your body so the higher the better because that means your immune system is fighting fit. If your CD4 count is high, we’ll know you’ve been taking good care of yourself and managing your illness responsibly. This will play a factor in whether your policy is accepted as well as inform any loading fees.
What is a loading fee?
A loading fee is a small percentage increase in the premium rates that’s calculated using your level of risk. This fee is applicable to anyone prone to a particular form of risk. Those living with HIV aren’t the only people that might have loading fees attached to their policies. These are also applied to those with “risky” occupations – hello brave firefighters – or living with other chronic yet manageable illnesses like diabetes. Better yet, loading fees aren’t set in stone. If you manage your risk well, say for example, your CD4 count improves, your loading might be reduced or even removed.
At the end of the day, those living with HIV will have the same reasons to want to invest in a life insurance policy as anyone else – to protect their families. Why not apply for a quote with MiWayLife today for ultimate peace of mind?
Did You Know:
You can now take out life cover with us online in a few simple steps. No calls and no agents! Make sure to take care of those you love today by buying MiWayLife cover online.
