LGBT Insurance Survey 2016 … Gay Life Insurance

Compass, the Gay insurance advisers have today published their latest survey into the insurance needs of the LGBT Community. The research measures the Average amount of Life Assurance currently being taken out by Lesbians, Gay Men, Bisexuals and Transgender people, including policies taken out by LGBT people living with HIV.

This year Compass, has widened the survey to look at the reasons that LGBT people take out Life Assurance with 76% of policies taken out to protect Mortgages and 24% taken out to protect families, partners or children. The current average Life Assurance plan that is currently taken out by the LGBT community now has a sum assured of £176,695.

Chris Morgan the Lead Financial Adviser at Compass Mortgage and Insurance Services Said …

‘This year the LGBT Insurance Survey has established that the amount of Insurance being taken out by the gay community has reduced slightly to £176,695. The reason for this the continued inclusion in the survey of LGBT people living with HIV, with the average Life Assurance taken out within the HIV Community being lower at £134,733.

Chris continued …

‘The survey this year, has also focused on LGBT and Alternative Families with the amount of policies being taken out to protect families, partners and children recorded at 24%. Interestingly only 8% of people completing the survey also answered that the policy was specifically to protect Children’.

The LGBT Insurance Survey has been running since 2009 and was initially focused on monitoring the amounts of Life Insurance being taken out by LGBT Consumers. More recently the survey has researched the changing financial needs of the LGBT Community and this year there has been a particular focus on LGBT and Alternative Families.

Compass is able to arrange Mortgage Life Assurance, Mortgage Life Insurance, Critical Illness Cover and Income Protection for gay men and women, Bisexuals and Transgender clients. They are also specialists at finding Mortgages and Life Assurance for people living with HIV. They can be contacted on 0845 474 3075.

Compass are the UK’s leading Lesbian, Gay, Bisexual, Transgender Financial Advisers, offering advice on Gay Life Assurance, Gay Life Insurance, Gay Mortgages, HIV Life Assurance, HIV Life Insurance, HIV Mortgages.

They are also the UK’s leading experts at planning Life Assurance and Mortgages for LGBT and Alternative Families and are able to assist LGBT people looking for advice on their Pensions and Investments.

For more information about these services please contact Compass by phone 0845 474 3075. Email Enquiries@compassindependent.co.uk or visit us online at www.compassindependent.co.uk

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