Major insurer makes life insurance available for people with HIV
News: 2015 Press Release
SACRAMENTO, Calif. - California Insurance Commissioner Dave Jones, who regulates the largest insurance market in the United States, today commended Prudential Insurance Company of America for being the first major insurer to offer individual life insurance to people with HIV:
"Prudential's decision to provide individual life insurance to people with HIV is a historic and significant step in making sure everyone has access to insurance products that meet their needs, even people living with serious illnesses. Given the advances made in medical treatment and the fact that people with HIV are living longer and fuller lives, acknowledging that HIV is a chronic but manageable condition is the right thing to do. Millions of people living with serious chronic illnesses, such as HIV, need the ability to purchase life insurance to provide for their loved ones. Prudential and its partner Aequalis are to be commended for making life insurance coverage available to HIV patients. Prudential's offering of life insurance to people with HIV furthers our mission at the California Department of Insurance which is Insurance Protection for all Californians. As the regulator of the largest insurance market in the United States, I ask other life insurers in our market to follow Prudential's leadership and offer life insurance to people with HIV."
The California Department of Insurance, established in 1868, is the largest consumer protection agency in California. Insurers collect $310 billion in premiums annually in California. Since 2011 the California Department of Insurance received more than 1,000,000 calls from consumers and helped recover over $469 million in claims and premiums. Please visit the Department of Insurance website at www.insurance.ca.gov. Non-media inquiries should be directed to the Consumer Hotline at 800.927.4357. Telecommunications Devices for the Deaf (TDD), please dial 800.482.4833.