People with HIV can now sign up for life insurance coverage through a partnership with Prudential and a financial services company called Aequalis. Co-founder of Aequalis, Bill Grant, said the change brought the life insurance industry in line with current medical reality of HIV as a manageable medical condition rather than a certain predictor of mortality.
“People with HIV are now living healthier, longer, active lives. Not offering life insurance to people with HIV perpetuated stigma by inadvertently saying, ‘HIV is a death sentence,’ which is just not the case,” explained Grant.
Coverage is available to people age 30 to 60 in all 50 states who meet underwriting requirements including: having CD4 count greater than 350 cells/mm3; viral load less than 200 copies/mL; hepatitis B and C negative; free of tuberculosis; not having an AIDS-defining condition; and lowest CD4 count recorded greater than 200 cells/mm3; and other qualifications.
Grant and co-founder Andrew Terrell established the company more than four years ago with personal motivations to solve a problem closely connected to their lives. They both have relatives living with HIV. Grant explained he found about this issue after his brother—who is living with HIV and in good health—was denied life insurance coverage.
Aequalis is a “regulatory compliance distribution platform” that serves as the entry point for consumers. The Aequalis platform ensures that people with HIV are able to learn about and apply for life insurance policies meeting the many regulations and legal requirements dictating the process.
But, says Grant, “this isn’t a special policy. One of the goals of this was so that my brother and could get the same policy. He goes down one underwriting track for his needs, I go down a different one for my underwriting needs. Ultimately, we’re being issued the same exact policy—which is an incredible accomplishment of this process.”
To learn more about the life insurance policy, visit https://myaequalis.com/product-offering#now-theres-insurance-for-those-living-with-hiv, call the customer support line at 1-800-992-1273, or email firstname.lastname@example.org.