Life Insurance for HIV-Positive People

The insurance company Prudential will begin to offer life insurance policies to HIV-positive people in the United Kingdom, London's Daily Telegraph reports. According to the Telegraph, PruProtect -- a partnership between Prudential and a South African firm -- initially will offer the insurance to 7% of HIV-positive people and hopes to extend coverage to 20% of HIV-positive people. The policy will offer up to 250,000 British pounds -- or about $368,000 -- for a maximum of 10 years. The policy premiums will be higher than standard premiums for life insurance "to accurately and fairly reflect the risks involved." Premiums will be determined on an individual basis and dependent on medical history, the Telegraph reports.

Kevin Carr, director of protection development at PruProtect, said, "We are pleased to be the first mainstream insurer to provide life cover for people living with HIV," adding "I believe it is better to provide some cover for some people than nothing at all." The Terrence Higgins Trust said, "We welcome this move from PruProtect and are glad to see an insurer who recognizes the reality of living with HIV in the U.K. in the 21st century." The group added that it "hope[s]" the program "will be the start of a wider move to offer appropriate financial products to people with HIV" (Simon, Daily Telegraph, 4/29).