• zTermLifeInsurance Blog

  • Thursday, July 29, 2010

Once you have decided to make the sound investment of buying term life insurance to support your family in the event of a tragedy, you will need to ask yourself a series of questions to find the right policy. One of those questions is "how much term life insurance coverage do I need?" Figuring this out is critical, as it will play a significant role in your family's future financial well-being.

To answer this question, the first thing you will want to do is review your monthly expenses. Total up all of your bills if you haven't done so already and determine what amount is needed each month to pay for your bills and still have a bit of money left over in case of an emergency. This will help give you an idea of how much money your family will need to live suitably without your income available.

Next, figure out what sorts of assets will be at your family's disposal should you pass away. Does your spouse work full or part time? If so, what is their monthly income? Are there other assets that can be leveraged, such as additional life insurance policies (often your employer will provide a life insurance policy to your family)? These can help ease the financial burden felt by your family.

Once you know how much money your family needs and how much will likely be available to them, you can use term life insurance to balance out the remainder. Remember, you'll want to make sure that your family not only has enough money to easily pay the bills each month but also to cover for additional unforeseen expenses. Health issues, auto problems, and home repairs can often set a family back financially if you're not prepared for them. Make sure your term life insurance policy will protect your family in all circumstances.


When making the leap to a foreign land, it is often the small stuff that stresses one out. When preparing for the big move abroad, or when actually getting adjusted to the new place, little things can seem like insurmountable hurdles. Term life insurance plans such as IC+ Term Life Insurance recognize this need and do not merely offer life insurance.

Being an international life insurance plan, IC+ Term Life Insurance offers a whole lot more, in terms of travel advisory and travel assistance services. These travel assistance services are available round the clock, as long as coverage is in effect.

The services include emergency services such as emergency message relay and cash transfers. Emergency relay enables the plan holder to relay important messages to family, friends, or colleagues, and emergency cash transfers helps the plan holder access money when emergency strikes.

Other services include baggage tracking services, and booking services, through which you can cancel, rebook, or reschedule your tickets, in case of an emergency. These services begin even before you embark on your trip, with advice on requirements regarding passports, visas, and vaccinations required for the stay.


When starting life as an expatriate, excitement beckons, be it work-related or country-related. The last thing on your mind is probably term life insurance. However, it is important to stay covered during your life as an expatriate. U.S.-based insurance plans may reject your application if you live abroad.

The solution? Plans such as IC+Term Life Insurance, which offer term life insurance plans for expatriates internationally, are a great option. The plan is especially designed for those who are expatriates, and so, the application must prove that he/she will not live in the United States during the period of coverage.

To be eligible, an applicant must either already live outside the U.S., or intend to depart the U.S. before coverage begins. However, the plan must be underwritten and some countries may not be covered under the plan.

Payment for the IC+ Term Life Insurance plan can be completed via check, money order, or credit card. The premium will depend on the sum insured. The sum insured also determines the underwriting requirements for the plan, and amounts above a certain sum insured will necessitate the submission of a financial questionnaire.


Life can be a fickle thing—especially when you’re in a strange land. Of late, terrorism has reared its ugly head in nearly all corners of the world, and what’s more, it seems to target the expatriate and foreign visitor. For the expatriate who lives abroad for work, term life insurance might offer a lot of solace.

Term life insurance for the expatriate offers coverage up to $2 million at reasonable rates. Such specialized term life insurance becomes necessary because it may not be possible for expatriates to receive regular life insurance within the United States.

Term life insurance is also important because of the inherent danger involved in working in some parts of the world. What’s more, terrorists have started targeting areas and locations frequented by expatriates, in order to receive maximum media coverage and exposure.

For example, the past two terrorist attacks in India—in Mumbai and Pune—have both been in areas that are favorite haunts of foreign visitors and expatriates. It is always better to leave your family with some security, regardless of whether they are with you or not. Term life insurance plans such as IC+ Term Life Insurance from HCC Medical Insurance Services provides easy and hassle-free term life insurance at reasonable rates.
In today's global marketplace, it's increasingly common to see businesspeople not just traveling internationally, but living there for 6 months or a year at a time. Maybe your company is starting a new office in a new country, and they need you to get it off the ground. Maybe you are going to learn about special technologies that are provided at overseas manufacturing plants, and you need to immerse yourself in the process to fully understand it. No matter the reason, it's no longer unusual for an employer to ask you to spend significant time abroad. And when that happens, you'll need to protect your family with term life insurance.

Term life insurance provides financial relief to your family in the event that you pass away while working overseas. Without your income, it could be very difficult for your spouse to pay the monthly bills. Term life insurance will help make sure there is enough cash on hand to not only pay your normal bills, but to potentially pay off large expenses like mortgages and car payments.

The truth is, you never know what tragedy you may encounter when working in a foreign country. From natural disasters to political events, there are a number of potential problems that may arise while you work overseas. And while you certainly hope to not fall victim to any of them, it's best to protect your family by purchasing term life insurance.

Term life insurance is very affordable, as you can get up to $2 million in coverage for just a small amount each month. You'll purchase your policy in certain increments and once your policy expires you can buy a new one.


Life as an expat can be interesting, to say the least. While one group of expats choose the overseas assignment as a way to further their career prospects, another group of expats choose it to really experience another culture. Whatever be your reason, adding term life insurance for the period of your need is a great idea.

Those who choose the expat lifestyle for the cultural experience may sometimes ignore the need for term life insurance, and this can be a very dangerous thing. Insurance plans that specifically cater to the expat demographic have made things so much simpler, and one such plan is the IC+ Term Life Insurance plan.

The plan offers options that includes coverage for life, terminal illness, and double indemnity in case the demise is due to a covered accident injury. Plan periods range from one to ten years, and the maximum coverage available $2 million.

Term life insurance requires an underwriting process that will include a medical questionnaire, a financial questionnaire, and an application, depending on the particular circumstances and limits of the plan desired. Many expat term life insurance plans also offer travel services at no extra cost.

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