In an April 22, 2016 press release Manulife (and its US subsidiary John Hancock Insurance) announced that they are now “… offering term and permanent life insurance coverage to applicants living with human immunodeficiency virus (HIV) if they meet certain criteria.”
On their website, Manulife goes into greater detail. They are specifically now considering applicants aged 30 to 65, for up to $2,000,000 of Life Insurance. Key criteria for consideration of HIV positive clients are as follows:
- Self-disclosed diagnosis
- Compliant with antiretroviral therapy for at least 5 consecutive years
- Well followed by a specialist
- Viral load undetectable for the last 2 years and current CD4 count ≥350 Current negative Hepatitis B & C testing and no history of hepatitis
- No viral resistance to treatment
- No history of IV drug use or other substance abuse
- No history of coronary artery disease, diabetes, or cancer
- No AIDS defining illness
The process will start with a very detailed trial application, which will then lead to specific underwriting requests (such as blood and urine tests). An attending physician statement will also be required.
I think this is an excellent move by Manulife, sure to be followed by other insurers. This will allow us to offer some much-needed financial security to families dealing with a highly stigmatized and frightening disease, even if it is one that is becoming more and more controllable.
If you have any questions, or would like to speak to someone confidentially, please contact our office.
Photo credit: HIV-infected T cell by NIAID on Flickr