Manulife First in Canada to Provide Life Insurance to HIV Positive Persons

As an online insurance broker working with over 10 companies, Surex Direct is in a fortunate position to partner with companies that are industry leaders. Case in point, on April 22, 2016, Manulife became the first underwriter in Canada to extend life insurance plans to those who have tested positive for Human Immunodeficiency Virus (HIV).

‘’Manulife was the first insurer to underwrite people with diabetes, and we are continuing in that tradition by making life insurance a possibility for the more than 75,000 Canadians who have tested HIV-positive,” Marianne Harrison, President & CEO of Manulife Canada, said. “This is the result of work completed by our Research and Innovation team, and working closely with our colleagues in the United States at John Hancock.”

When assessing consumer risk, Manulife relies on their industry-leading analytics over traditional underwriting. Some of the areas considered include mortality and long-term survival rates of HIV-positive persons in Canada. From this data, Manulife is able to provide a customized coverage to suit their steadily-growing consumer base.

Applicants who are HIV-positive, between the ages of 30 and 65, and who meet certain criteria can apply for individual life insurance for up to $2,000,000.

Get a life insurance quote here.

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Surex is a broker for Manulife Canada in Alberta. Surex is a Canada-wide insurance provider offering auto, home, business, life, travel, farm, ATV/motorcycle, trailer/RV, boat, condo and tenant insurance. For more information, please visit Surex.com, call 1-855-MYSUREX (1-855-6978739), ‘Like’ us on Facebook (facebook.com/surexinsurance) or Tweet us @surexinsurance.