Expat Life Insurance
We have all heard about life insurance, but what actually is it? Why would you need it? How much does it cost?
In this article, we break down the key information about Life Insurance to help you make an informed decision.
What is life insurance?
Life insurance is a financial protection that pays out a lump sum of money should the policy holder pass away.
Why do you need life insurance?
There are several reasons why you might want, or need, to take out life insurance:
Current life insurance does not cover you as an expat: It is often the case that life insurances are not transferable if you go and live overseas.
If you have life insurance in your home country you need to check if it covers you as an expat. Unless you specifically requested this when taking out the insurance policy, it is unlikely that you will be covered and you may need an additional policy in your new country of residence.
To secure a loan/mortgage: It may be a requirement by the lender that you have life insurance if you are borrowing money, such as a mortgage, or it may be a choice to take out an insurance to make sure that, should the worse happen, your family or loved ones do not have to take on your debt.
Financial support for loved ones: Many life insurance policies are taken out to help support the family of a loved one should they pass. In this case, lump sum payments are often paid out, and sometimes mortgages and debts may be wiped clean.
This payment will also provide a lump sum for loved ones to help them financially. This could be used for whatever they wish, including paying for any future education, healthcare or living costs.
How much does life insurance cost?
Costs can vary greatly depending on your age, the amount of cover you want; your location; occupation; your health and smoking status. Please get in touch with us and we can provide you with an obligation-free quote taking all these factors into consideration.
Insurance company that offer expat life insurance quote
In the cause of this article I will recommend health care international as the best in expat life insurance.
Health care international: healthcare international have over 35years of experience in international health insurance. They provide solution that meets the needs of international workers
The benefits of our international life insurance include:
- a choice of life cover options and premiums appropriate for your particular circumstances
- our insurance policies are fully flexible to reflect your new circumstances - for example, new-borns or a house purchase
- 24-hour claims line, 365 days a year, for immediate emergency assistance and advice
No comments:
Post a Comment