The Association of British Insurers – HIV & Life Insurance – New Guiding Principles & Consumer Guide …

Chris Morgan, Compass and Unusual Risks have been working closely with the Association of British Insurers on their new Guiding Principles for HIV and Insurance over the last 12 months and he is very pleased to be supporting the recent launch of the new HIV and Life Insurance Consumer Guide.

We are very pleased to have contributed extensively to the new industry guiding principles and to have co-written the new HIV and Life Insurance Consumer Guide. Chris has a long history of working towards better treatment of HIV Positive people by the Insurance Industry and led a 10 year campaign to secure HIV Life Insurance for the HIV Community.

The new ABI Consumer Guide on HIV and Life Insurance is now available by contacting us via the email address below.

Chris Morgan’s official press comment is below which supports the ABI’s own press release.

HIV and Life Insurance Press Quotation – July 2016

Chris Morgan, The Lead Financial Adviser of our Contributors Compass and Unusual Risks, who are specialist financial advisers for the LGBT and HIV Communities.

“We would like to thank the Association of British Insurers for inviting us to participate in this consultation process and for allowing us to assist them in producing the new HIV and Life Insurance Consumer Guide”.

“Their new guiding principles and consumer guide are a very encouraging step by the Life Insurance Industry in their interactions with the HIV Community”.

“It is hoped that the new Consumer guide will help raise consumer awareness that Life Insurance products are available to HIV Positive people and also help to inform policyholders who are recently diagnosed with HIV, if they are still covered by their existing policies”.

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

Posted in Gay Insurance, Gay Life Assurance, HIV Life Assurance, HIV Life Insurance, LGBT Life Assurance, LGBT Life Insurance | Comments closed

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

Posted in Gay Income Protection, Gay Insurance, Gay Life Assurance, Gay Mortgages, LGBT Families, LGBT Life Assurance, LGBT Life Insurance, LGBT Mortgages | Comments closed

Where Can Lesbian, Gay, Bisexual and Transgender People Find The Best Life Insurance Advice?

Lesbian and Gay Insurance seems to be a very popular subject in the UK national press at the moment, with what appears to be a special focus on applicants being treated “sensitively” by Insurance companies …

The national press campaign in question seems to miss the most important point, that UK life Insurance companies have made tremendous and real efforts over the last decade to treat the Lesbian and Gay Community Equally. LGBT consumers should these days be focusing on more than just the basic service standards of insurers for choosing their Life Insurance products.

The UK Life Insurance Industry is about to publish their latest industry guidance for HIV and Life Insurance, which once again includes a clear commitment to the LGBT Community not to return to the dark days of asking the “Gay Question” on Insurance applications and sending gay people for automatic HIV Testing.

Only one financial adviser in the UK can genuinely claim to have changed Life Insurance for LGBT people for the better, right across the life insurance industry. Chris Morgan our lead financial adviser led a decade long campaign to remove Life Insurance discrimination for gay people in the UK and to also to secure Life Insurance for HIV Positive people.

Here’s Chris’s basic guide to choosing Life Insurance and Insurance for Lesbian, Gay, Bisexual and Trans people …

Focus on your financial needs – You should choose an Insurance product that completely meets your financial needs and not compromise on product features because a product has been labelled or described as Gay. For example, if you choose Life Insurance, then always make sure the length of the policy covers your whole mortgage term or runs through to a defined date such as your retirement age.

Always take the longest term available – Life Insurance is always more expensive when renewed later in life. If you have good health and the option to take Life Insurance to cover your mortgage term or through to your retirement, then you should most definitely consider doing this.

Short term Life Insurance should be avoided – Only take short term Life Insurance (1 – 10 Year policies) if this is the only option available to you, or have a specific defined reason for doing so. This type of policy will certainly be more expensive to renew, than taking a longer Insurance policy from outset.

Safeguard against changing health circumstances in the future – Short term Life Insurance policies may appear to be a cheap option at outset. But, what happens if your medical situation changes and your not able to renew the policy. Most UK Life Insurance companies offer Life Insurance at Guaranteed premium rates for anything up to a 40 year term, so you should explore the whole of market before making important decisions.

Income Protection and Critical Illness Cover – Most major Life Insurance providers have options for applicants to add cover for sickness and serious illness to your policy. If this is affordable, then this is a great way to enhance the benefits of your policy and to make the policy more useful.

HIV Positive applicants are no longer excluded from taking Life Insurance – Several top UK Life Insurance Companies now offer Life Insurance to people living with HIV. The terms for HIV Life Insurance vary wildly between providers, so it’s a good idea to take specialist advice. 

Compass and our lead financial adviser Chris Morgan have been advising LGBT clients for nearly two decades. During this time Chris changed the landscape of LGBT insurance forever, by removing discrimination and securing Life Insurance for HIV positive people.

If you are considering taking Life Insurance, then we are ideally placed to assess the whole of the market for you and recommend the best policies for your financial needs. Nobody has a greater knowledge of Insurance matters for LGBT people then Chris Morgan and the team at Compass.

We also continue to use our long standing reputation to influence the direction of Insurers and define the way that LGBT people are treated by the UK Insurance Industry.

Look out for the results of our annual “Gay Insurance Survey “, which are due to be published very soon and also the new Association of British Insurers “HIV and Life Insurance” Consumer Guide that Chris Morgan has written on behalf of the UK Insurance Industry.

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

Posted in Gay Income Protection, Gay Insurance, Gay Investment Planning, Gay Life Assurance, Gay Mortgages, HIV Life Assurance, HIV Life Insurance, LGBT Families, LGBT Life Assurance, LGBT Life Insurance, LGBT Mortgages | Comments closed

Gay Life Insurance and Gay Life Insurance – Latest News

The Association of British Insurers (ABI) have recently been consulting with stakeholders from within the Gay Community about their new “Guiding Principles” for insurance companies around HIV and Insurance.

Some of the community stakeholders that have recently been consulted include National Aids Trust, Terence Higgins Trust, Nam Aidsmap, HIV Scotland, George House Trust and Waverley Care.

Chris Morgan our lead financial adviser, is part of the working group that created the new principles and following the consultation we are expecting them to be completed and published very soon.

Also, the new ABI consumer guide about HIV and Life Insurance, that fits alongside the new best practice, will be published soon and we will keep you informed of any developments as they happen.

The new guide will be used to raise awareness of the new rules effecting LGBT people when applying for Life Insurance products.

Anthony Said …

“I currently have Life Assurance with Scottish provident that was taken out in 2004, before Life Insurance Companies stopped asking single men about their sexuality. The policy has a number of specific exclusions relating to HIV and this has always been something that I’ve been unhappy with.

Anthony Continued …

“The policy does offer Life Insurance and Critical Illness, but with exclusions for HIV and I was sent for a HIV test at the time. I would be interested to know if the rules regarding the treatment of gay men by insurance companies have improved in any way?”.

Here’s the latest news with regards to Insurance products for LGBT people …

Every week LGBT people still contact our office with concerns about policies they have taken out in the past and the way they were treated by insurance companies. Since 2005 Life Insurance companies have not been allowed to ask personal “Gay Questions” on Life Insurance applications, or send gay men for an automatic HIV test.

Chris Morgan led a campaign for over a decade for the equal treatment of gay men and made certain that Insurers were no longer allowed to speculatively underwrite life insurance polices based upon occupation. Would you believe that Insurers used to automatically send cabin crew, hairdressers, ballet dancers and male nurses for HIV testing?

And Anthony?

We arranged Life Assurance for £90,000 without any personal questions, HIV testing or specific policy exclusions for HIV. Chris Morgan has recently been in discussions with the ABI about their latest draft of the HIV and Insurance Guiding principles and this will be available soon, along with a new consumer guide.

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 

Posted in Gay Income Protection, Gay Insurance, Gay Investment Planning, Gay Life Assurance, Gay Mortgages, Gay Pension Transfers, General Topics, HIV Life Assurance, HIV Life Insurance, LGBT Families, LGBT Life Assurance, LGBT Life Insurance, LGBT Mortgages | Comments closed

HIV Life Assurance & HIV Life Insurance Featured by My So Called Gay Life …

Our friends at Unusual Risks and their latest research have been featured by the leading Gay publication “My So Called Gay Life” …

You can read the full article by clicking here …

http://mysocalledgaylife.co.uk/pub/2016/02/15/hiv-and-insurance-awareness/

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 

Posted in HIV Life Assurance, HIV Life Insurance | Comments closed

Gay Life Assurance & Gay Life Insurance …

Compass have been offering Mortgage’s and Insurance to Lesbian, Gay, Bisexual and Transgender clients for over 17 years. During which time we have seen many changes in the way that LGBT people are treated by Mortgage and Insurance Companies.

For many years Gay men and Women were discriminated against by UK Insurance companies, whilst taking out Life Insurance and were required to take compulsory HIV tests. In order to avoid this many gay couples found themselves taking out separate Life Insurance plans and gay singles found themselves taking out multiple insurance plans.

At the time this was very much the best advice possible, as Gay Men and Women avoided personal questioning and having to take a HIV test. Compass and our Lead Financial Adviser Chris Morgan, led the campaign for the removal of this discrimination and as a result the LGBT Community are now able to take Insurance without any discrimination.

Compass still offer Insurance services to the LGBT Community, helping gay men and women men to find the best possible premiums for their circumstances. We are able to review existing Insurance policies and also help LGBT people find the best new policies for their requirements.

We have become the UK’s leading Mortgage and Insurance brokers within both the LGBT and HIV Communities and our work within the HIV Community is widely documented. We also led the campaign for the introduction of Life Assurance for people living with HIV.

Whether you are looking for Life Insurance, Income Protection, Critical Illness Cover or a Mortgage, we are here to help with specialist advice. If you still feel discriminated against by any Mortgage or Insurance company, we would like to hear from you.

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 

Posted in Gay Income Protection, Gay Insurance, Gay Investment Planning, Gay Life Assurance, Gay Mortgages, Gay Pension Transfers, HIV Life Assurance, HIV Life Insurance, LGBT Families, LGBT Life Assurance, LGBT Life Insurance, LGBT Mortgages | Comments closed

LGBT Mortgage Survey …

Compass are currently asking Lesbian, Gay, Bisexual and Transgender Mortgage Consumers to complete this very short two minute survey. This will help us to campaign for better treatment of LGBT people by the Mortgage Industry,

https://www.surveymonkey.co.uk/r/HBFCVM6

Posted in Gay Mortgages, LGBT Mortgages | Comments closed

LGBT Financial Adviser – Gay Financial Adviser

Compass are specialist financial advisers, that offer Mortgage and Life Insurance advice for Lesbian, Gay, Bi Sexual and Transgender clients. We offer a safe environment for people to discuss their private financial affairs, without fear of discrimination.

We have an unrivalled track record in securing equal rights for LGBT people, within the UK financial services industry. Our lead financial adviser Chris Morgan were responsible for the removal of the “Gay Question” from Life Insurance applications and the end of compulsory HIV testing for gay men by Insurance companies in the UK.

He was also responsible for the introduction of Life Insurance for people living with HIV and we are the UK’s most knowledgeable financial advisers for HIV Life Assurance and HIV Mortgages. Our commitment to offering financial advice to the LGBT and HIV Communities has been unwavering for almost two decades.

We are sometimes asked … Why are LGBT and Gay Financial Advisers still needed? 

DISCLOSURE

Some of our clients find it difficult to disclose their sexuality or HIV status to their bank, building society or local financial adviser. They feel safer and more comfortable disclosing what they consider to be private affairs, to a specialist financial adviser. We take client privacy extremely seriously! 

HOMOPHOBIA

Although social attitudes have changed considerably over the last two decades we still meet clients who need our urgent help due to homophobia. We have literally assisted hundreds of LGBT people overcome homophobic situations in their lives. We help to people secure the finance to move away from Homophobic neighbours!

TRANSPHOBIA

Trans clients ask us to arrange Life Insurance and Mortgages for them on a regular basis, as Life Insurance and mortgages companies can be difficult to deal with over Trans and Intersex issues. On many occasions in the past we have met Trans clients who have faced discrimination when interacting with financial companies. We are highly experienced at representing LGBT people!

DISCRIMINATION

Sometimes we still hear stories of “changing attitudes” from bank staff, building societies and financial advisers once our client had disclosed their sexuality or HIV status. You wouldn’t think that in 2015 that this would still happen in society, but sadly it still does. If you ever feel discriminated against when taking a financial product, we are here to help and represent you!

CONFIDENTIALITY

We often meet clients who wish to take out a mortgage or life insuranace with their partner and are worried that their family, bank manager or doctor finding out about their private and confidential information. We are here to represent LGBT and HIV Positive people and to help protect your personal identity!

LGBT & ALTERNATIVE FAMILES

We regularly advise LGBT, Alternative and Trans Familes about their protection and mortgage requirements. On many occassions we have found our clients prefer to discuss their financial affairs with a specialist financial adviser who understands their community and their families needs. Compass have nearly two decades of experience advising LGBT parents and families! 

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 

Posted in Alternative Parenting#, Gay Income Protection, Gay Insurance, Gay Investment Planning, Gay Life Assurance, Gay Mortgages, Gay Pension Transfers, HIV Life Assurance, HIV Life Insurance, LGBT Families, LGBT Life Assurance, LGBT Life Insurance | Comments closed

LGBT Life Assurance and LGBT Life Insurance – Questions? …

Compass regularly receive questions from concerned Lesbian, Gay, Bisexual and Transgender clients prior to them applying for Life Assurance and Life Insurance products.

We are planning to include the answers to some of these questions in the new “Consumer Guide” that we are writing for the Association of British Insurers and their member Insurance Companies.

If you have any questions about LGBT Insurance that you think should be included in the new Insurance Industry consumer guide, please forward them to us at the contact details below.

Here are some of the best LGBT Life Insurance Questions we have received so far … 

Are some forms of Insurance unavailable to LGBT people?

Will I have to take a HIV test when applying for Life Assurance or Life Insurance?

Should I disclose my  sexuality on Insurance application forms?

Where can I find financial advice that is friendly towards LGBT people?

Our friends at Unsusual Risks are also currently running the HIV and Insurance Survey 2015 and would like to ask all HIV Positive people in the UK to complete our anonymous survey https://www.surveymonkey.com/r/YSKH7XG

The data from this survey will be used to promote the new consumer guide that Chris Morgan and Unusual Risks have been asked to write by the Association of British Insurers.

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

Posted in Gay Income Protection, Gay Insurance, Gay Life Assurance, Gay Mortgages, LGBT Families, LGBT Life Assurance, LGBT Life Insurance | Comments closed

Gay Insurance – Does Your Insurance Policy Have HIV Exclusions? …

Compass are the UK’s leading Financial Advisers, advising Lesbian, Gay, Bisexual, Transgender and HIV Positive clients on Life Assurance and Mortgages …

Although we spend the majority of our time arranging Life Assurance and Life Insurance to protect families, children and mortgages, we also find ourselves being asked on a regular basis to advise on existing Insurance contracts held by clients.

The main areas of confusion that we find are around Life Assurance plans and whether policies include cover for HIV? and If Income Protection and Critical Illness Cover policies contain exclusions for claims relating to HIV?

We also meet Gay Men that were faced with making disclosures to their bank about their Sexuality in the past, who may be paying premiums for insurance that is in fact, invalid due to incorrect disclosures they made on the application forms.

Also we have found there have been many HIV Positive people that may have surrendered or cancelled their insurance in the belief that they are not covered, when in fact they were actually still covered by their Insurance.

Our general advice is to consult with a financial adviser who has specialist knowledge of Gay issues and can offer you advice before you make any final decisions about your Insurance.

If you are HIV Positive and have been effected by any of the issues mentioned here, we would like to ask you to complete the HIV and Insurance Survey 2015, that is being compiled by our friends at Unusual Risks that can be found here. https://www.surveymonkey.com/r/YSKH7XG

The data from this survey will be used in a new consumer guide that Chris Morgan at Compass and Unusual Risks has been asked to write by the Association of British Insurers.

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

Posted in Alternative Parenting#, Gay Income Protection, Gay Insurance, Gay Investment Planning, Gay Life Assurance, Gay Mortgages, Gay Pension Transfers, HIV Life Assurance, HIV Life Insurance, LGBT Families, LGBT Life Assurance, LGBT Life Insurance | Comments closed