Income protection

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Income protection insurance covers loss of income through injury, illness or disability and, in some cases, unemployment. The policy pays a monthly tax-free income until the policyholder recovers.

Can you take out an income protection policy if you have HIV?

Again, no. If someone has tested positive for HIV, they won’t be able to get an income protection policy.

Income protection policies taken out before an HIV-positive diagnosis

If an income protection policy was taken out before the policyholder contracted HIV, they may be covered. Some income protection policies do not exclude HIV and the policyholder will be able to claim if they are unable to work due to an HIV-related illness.

However some income protection policies exclude HIV and so won’t pay out if the policyholder is unable to work due to an HIV-related illness.

Other income protection policies provide some HIV cover, but only pay out if the policyholder caught the virus through certain types of employment, through blood transfusion or through physical assault.

Therefore if someone has an existing policy it’s important to check the conditions and exclusions to find out whether HIV is covered.

This content was checked for accuracy at the time it was written. It may have been superseded by more recent developments. NAM recommends checking whether this is the most current information when making decisions that may affect your health.