Many people feel that life insurance is at the top of their priority list, especially those who have loved ones who depend on them for their financial security. Life insurance policies offer comfort to those who want to make sure their dependants can survive after they are gone. Finding out you are HIV positive may make things harder when searching for a policy that will cover you now. Some life insurance companies will offer enough insurance to cover the cost of the funeral for someone who is HIV positive but there will be very few willing to offer lump sum payments to your dependants after you pass away.
You may have life insurance policies already in place and you should locate them and start reviewing them to see if they include any riders. Your employer may have a life insurance policy included in your employment package or you could have one that is linked to your home mortgage. Any existing policies should be kept active and be very careful not to allow them to terminate or lapse, upon doing so you may find that you cannot get them back with your HIV status.
The social security department should be contacted to find out what your death benefits are and who the beneficiaries are for those benefits. You can find out how the payments will be made and make any changes if necessary at this time.
You can speak to an attorney to have any questions you may have answered about social security benefits, other existing policies and beneficiaries.
Speak with human resources at your current employer and find out if there life insurance programs that you might qualify for as part of your employment package. Many employers will take out automatic life insurance policies for their employees that will pay out a lump sum pr make payments that are a percentage of the employees current wages. The type of group policies require no underwriting or qualifications. If your employer offers this type of benefit you will be able to obtain it and might even be able to include a rider policy with it as well.
If you are employed where no policies are available for death benefits then you may choose to look for an employer who does offer the benefits and switch jobs. Even if you take a cut in pay it is worth the peace of mind that your loved ones will be taken care of. Be sure this does not affect your health insurance coverage as many policies will refuse pre existing conditions.
Your HIV AIDS counselor will also be able to help with finding you programs or life insurance companies that may be able to assist you in your search for peace of mind. There are several insurance companies that are now accepting clients that are HIV positive because of the great results the AIDS medications has on their life span.
Guaranteed insurance companies are available to anyone even if they are terminally ill. The policies will usually only cover the cost of your funeral or burial and will have much higher premiums.
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