Your Rights Are Our Business …. LGBT Life Insurance & Gay Life Insurance

Compass first used this “strap line” over a decade ago, in the height of Financial Discrimination against gay men, when we were fighting for Equality on Insurance products. In September 2005 the whole of the UK Insurance Industry was forced to change their best practice towards gay men, because of the work of Chris Morgan and Compass.

The new Industry guidance not only changed things forever for gay men, but also for Lesbian, Bisexual and Transgender people applying for Insurance products. No longer were companies allowed to speculate on a person’s sexuality due to their occupation or living arrangements and no longer were gay men sent for automatic HIV tests because of their sexuality.

I think it is relevant to remind ourselves of the repression that LGBT people suffered at the hands of the Insurance Industry, especially as new “LGBT branded” insurance products appear to be very topical at the moment. Certainly since 2005 it has been easier for LGBT people to access Insurance products, which means wider choice and bigger decisions to make.

LGBT people can now buy their Life Assurance from practically the whole of the market and of course we regularly help clients to do, just like we have been doing since 1999. So, if you are considering purchasing a LGBT branded product from a “tied” or “direct” provider, we believe you should adopt the same principles that you would if the product wasn’t Gay.

So, for example if the Term Assurance you are offered is for 10 years only, when a longer term up to 40 years is available to you through whole of market, why would you proceed? And if you were offered Life Assurance only, without any options of Critical Illness Cover and Income Protection, when they were available to you in the whole of market? Once again Why would you proceed?

Compass are still offering financial advice to LGBT people and sourcing products from the whole of the market place. We make certain there is no confusion we would like to clarify that we have never offered LGBT branded products and have absolutely no intention of doing this? Just because a direct product / insurance provider claims to be “Gay”, doesn’t necessarily mean it’s good!

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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