Prudential Financial is now offering life insurance to those who have the human immunodeficiency virus (HIV), provided they meet certain underwriting qualifications.
Working with Aequalis, an advocacy group that offers financial solutions for people living with HIV, Prudential has announced that it will underwrite 10- and 15-year individual convertible term life insurance products for those who have the condition. Applicants must be permanent U.S. residents and between the ages 30 and 60.
Aequalis will provide consumers with information about the insurance products and manage the application process. The organisation says it is also working with financial professionals, insurance agencies, and distributors to raise awareness about the product.
“As medical technology advances, we continuously evaluate and update our underwriting criteria, which has resulted in our ability to offer insurance to people dealing with various medical or chronic conditions,” comments Prudential Individual Life Insurance’s chief underwriting officer Mike McFarland. “With advances in the successful treatment of people with HIV, we are now able to offer this population the opportunity to apply for life insurance – a milestone we see as a significant step in the right direction.”