• 23
  Feb
  2010

• Term Life Insurance: Are You Eligible?

  
  Filed Under: Blogging
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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.