Average policy length has almost doubled.

The average policy length of life assurance products taken out by HIV-positive men and women has almost doubled during the past seven years.

Research by financial advisers Unusual Risks reveals the average length of policies taken out by HIV-positive people in the UK between 2014 and 2017 was 19 years – up from ten years between 2009 and 2013. The longest recorded term was 25 years.

According to the study, HIV-positive people who are taking out life assurance in the UK are currently insuring themselves for an average of £129,704.

The findings are based on a survey of 150 Life Assurance policies taken out by people living with HIV between April 2009 and April 2017.

Chris Morgan, lead financial adviser of Unusual Risks Mortgage & Insurance Services, said: “The average sum assured has remained fairly stable for HIV life assurance over the last few years at around the £130,000 mark as the products have become established and premiums have remained stable.

“We are delighted that life assurance has become so readily available for so many people living with HIV.

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