• 02
  Feb
  2010

• Term Life Insurance Sans Boundaries

  
  Filed Under: Blogging
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If you live abroad, and are able to purchase international term life insurance from home, consider yourself lucky! Up until a few years ago, you would not have been able to purchase life insurance in a country that you did not live in. You had to at least travel to the country often enough so that you could satisfy underwriting requirements.

Why not just purchase local term life insurance? In the United States and Canada, term life insurance rates have fallen dramatically in price. So a U.S. citizen wishing to purchase term life insurance for their stints abroad can now do so at a lower price than most local insurance plans.

One other factor to consider is the stability of the insurance company. While the U.S. has stringent requirements for insurance companies, many foreign countries do not. As a result, the safety that comes with the knowledge that your dependents will be taken care of after you are gone, is missing in a foreign term life insurance plan.

International term life insurance policies offer the stability and price that make them a great deal. These policies are usually available for periods up to 10 years, and the maximum benefit limit varies by plan.