This discrepancy undoubtedly stems from the inherent discrimination that was prevalent in the protection industry for so many years. Indeed, it was only in September 2005, that the Association for British Insurers (ABI) introduced the new guidelines that brought an end to discriminatory treatment.
Prior to this, many insurance companies would automatically request that gay and lesbian applicants complete lifestyle questionnaires and require them to undergo an HIV test, regardless of their individual lifestyle. They also had the authority to request an HIV test based on the applicant’s occupation, with male hairdressers, cabin crew and dancers singled out for particular attention. It was not unusual for life insurance companies to charge gay men in good health "lifestyle" loads or premiums of between 50 per cent and 100 per cent more than their usual rates.
Nowadays, all applicants for life assurance are treated equally and are asked if they practice safe sexual behaviour. With the introduction of civil partnerships in December 2005, gay and lesbian couples have far greater rights should one of them pass away.
Yet despite these significant steps forward it seems gays and lesbians remain unsure about purchasing life insurance. They may have been put off by the intrusive questioning they experienced in the past; had their premiums loaded by a provider during a previous application; or they may simply not want to go through the ordeal of having a medical again. Whatever the reason, it appears they still hold a serious lack of trust towards the protection industry.
[ view entry ] | permalink |
( 2.9 / 67 )
Calendar
