Displaying items by tag: disclosure

During a life insurance application, will you ask me if I'm Bisexual?

No.

There have been significant reforms to the way gay, lesbian, bisexual, intersex people and trans folk are treated by insurance companies.

  • It is no longer acceptable for insurance companies to ask if a person applying for a policy is gay or bisexual and insurers will not ask questions about sexuality.

Companies cannot make assumptions about a persons sexuality from the details of their living arrangements, occupation or medical history.

Published in About HIV

Do life insurance companies discriminate?

Disability discrimination in insurance is now illegal. That said, reasonable distinctions based upon actuarial data in insurance assessments are not considered discriminatory as Life insurance is based upon statistical probabilities and measurement.

In 2000 Mr Graeme Innes AM, the then Deputy Disability Discrimination Commissioner stated “ …insurers are in the business of insuring against risks, not already known certainties. The Disability Discrimination Act allows for distinctions and exclusions based on disability if and where this is reasonable. Reasonableness can be established on the basis of actuarial data that is reasonable to rely on in the circumstances, or by reference to other relevant factors. …"

What is reasonable? Section 46 of the DDA contains a specific exemption for the Insurance and Superannuation Industry to recognise that some informed judgment is part of the nature of most types of insurance in Australia. Reasonable decisions based upon actuarial or statistical data where this is reasonable available are permitted".

Published in Essentials

I’m not Out so is that an issue?

No. Never an issue.

Life insurance is about data and statistics. It has nothing to do with sexuality, gender expression, lifestyle, identification with a lifestyle, labels or tags.

  • We don't ask about sexuality identification and nor should anyone.
  • Not all people and not all partners identify in traditional ways (whatever that is)
  • Not all people and not all partners want to be Out and that is always their choice.

We believe all people should always be respected; regardless of who they love or how they identify (or don't).

The team at unusualrisks.com.au believe its always the individual who matters more than all of that put together.

Published in About HIV
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During a life insurance application, will you ask me if I'm Gay?

No.

There have been significant reforms to the way gay, lesbian, bisexual, intersex people and trans folk are treated by insurance companies. The Australian Financial Services Insurance Council has issued guidelines removing the so-called 'gay questions' from application forms and now require all insurance underwriters decisions to be based on sexual 'behaviour' instead of a 'person’s sexuality'.

  • Each insurance application can only be dealt with on a case-by-case basis, using the best available relevant evidence.
  • It is no longer acceptable for insurance companies to ask if a person applying for a policy is gay or bisexual and insurers will not ask questions about sexuality. Companies cannot make assumptions about a persons sexuality from the details of their living arrangements, occupation or medical history.

If you have taken a HIV test you do not need to declare negative HIV test results. The fact of having an HIV test will not, of itself, have any effect on your acceptance terms for insurance.

Published in About HIV

Do I have to answer questions in front of my partner if I don't want to?

No. The privacy laws are very strict and you don't have to answer questons in front of your partner. In fact, you have to give your consent before being asked any sensitive medicqal questions too. You get to control where an application takes place and who you permit to be there.

Published in Essentials

Can I complete my personal health questions for my application privately online?

Yes, when you use our services. We can complete the standard identification questions with you and then send you a web link so that you can complete your Personal Medical Statement, privately online if that's convenient. We can SMS you a password so that your information remains secure. Remember you can also use the services of a Tele Underwriter to complete the personal health questions at a time more convenient too.

Published in Essentials

What is the Duty of Disclosure rule?

Before you enter into any insurance contract, you have a legal Duty of Disclosure under the Insurance Contacts Act 1984 to:

  • inform the insurance company of every matter that you know,
  • or could reasonably be expected to know about,
  • that is relevant to the insurance companies decision about whether to accept the risk or not of a new application.

This same legal duty continues to exist only until the insurance contract is formally issued (and the policy is in force).

The importance of the Duty of Disclosure is written on every application questionnaire and you should take the time to read it.

  • It’s important that all the questions in your application are answered carefully, accurately and to the best of your knowledge and belief
  • When in doubt, always raise an issue with your adviser (or the Tele Underwriter if you choose to use that service for answering your private health questions in an application)

Published in Essentials

Do I have to fill in the insurance application paperwork myself?

No. We’re here to help. We can do it all for you or you can be involved too. After a quick conversation we try and complete forms online or over the phone, whatever is best for you.

Published in Essentials

What does a Life insurance application look like?

A typical application is made up of two sections.

  • Part 1 The Basic Questions like who you are, your type of occupation and whether you have special travel or pastimes that have a higher risk eg: do you take regular treks to the Himalayan mountains every year or do you race vintage motorbikes etc.
  • Part 2 The Personal Health Questions There are approximately 30 - 40 health-related questions to complete.

Today where possible we use online and over the phone options to complete Life insurance applications so the whole process becomes easier and more private.

Published in Essentials