There are approximately 5.4 million South Africans living with HIV and up until recently, trying to get Life Cover just wasn’t an option. Even after having HIV in our world for 34 years, there is still a general lack of knowledge on this topic.
One of the many mistaken beliefs, Is that Life Insurance for HIV individuals is impossible. This is not true, Insurance companies felt it was too high of a risk but this began to change when HIV+ became viewed as a chronic disease after the success of the introduction of highly active antiretroviral therapy (HAART), which has prolonged the lives of many people who are living with HIV and was no longer viewed as a death sentence anymore. Another mistaken belief is that, if HIV individuals get life insurance, it will be very expensive which is not true. There are numerous companies which are now providing Life Insurance to HIV people. Like any other individuals with chronic conditions, such as cardiac problems or diabetes, the customer ought to provide the official documents concerning their medical conditions. They also go through the very same medical exams and interviews to identify which plan covers their specific requirements. It is important for you to compare different plans and costs involved, as well as to acquire the assistance of a financial advisor in order to ensure that your protection requirements are met.
The sooner you detect the presence of the HIV virus and you start treatment, the longer you will live. Ultimately you should start the treatment before the virus has had the chance to create too much damage to your immune system.
Nowadays life insurance for HIV people is becoming increasingly affordable. The main reason for this is the improved life expectancy of infected people – which is nearly as long as that of uninfected people.
Triarc has developed three life benefits to suit any kind of need.
Consider this as a way to ensure that your partner or family will survive financially and be able to pay the bills when you are no longer around to contribute. You can also use Life Cover to protect them from the burden of your debt when you die.
2. Functional Impairment Cover
With Functional Impairment Cover there are conditions under which you could get full or partial payouts even if you are still able to do your job. Functional Impairment Cover can be taken as a standalone policy if that is all you need.
3. Dread Disease Cover
Dread Disease Cover pays a lump sum in the event that you get diagnosed with a dread disease, (that often comes with debilitating expenses), that meets the requirements of one or more of the defined dread disease claim events as shown in your policy document.
Triarc can offer life cover to an HIV individual for as little as R150 per month.
To be a HIV individual in today's world is tough and also demanding. However, this does not only impact you, this affects your family members as well. Despite today’s clinical specifications, having HIV suggests a boosted risk for difficulties with your health as well as death. Life insurance for HIV positive people is highly recommended and urged. Consider this as a way to ensure that your partner or family will survive financially and be able to pay the bills when you are no longer around to contribute.
TRIARC is an authorised financial services provider FSP45009. TRIARC insurance products underwritten by Guardrisk Life FSP76. Council of Medical Scheme
Number ORG 4040.