In conjunction with World AIDS Day, the Association of British Insurers has produced a guide for gay men which aims to explode the myths surrounding the way insurance companies deal with issues of sexuality.
Over the previous decade, many gay men applying for life insurance felt they were treated unfairly because of the practice of asking about sexuality on application forms for life insurance, critical illness cover and income protection insurance.
The ABI ended this practice in October 2005 when it issued a statement of best practice on HIV and insurance, and the guide produced today summarises the current practice.
For example, it explains the new HIV risk questions ask about people’s personal behaviour and that GPs will not notify insurers of negative HIV tests which have been taken.
An ABI working group is currently working to make sure people registering civil partnerships are treated fairly regarding HIV risk compared with single people and married couples.
Some life insurance companies are still treating couples in a civil partnership as single people for assessing HIV risk, while others are treating them in the same way as heterosexual married couples.
Richard Walsh, head of health insurance at the ABI, says: “This consumer guide explains to the gay community the changes that have been made through ABI best practice. It lays to rest the common misconception that just taking an HIV test will have an impact on insurance applications.”
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Emily Perryman on 020 7968 4554 or email [email protected].IFAonline
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