• 23
  Jul
  2010

• Assigned Abroad? Don’t Forget International Term Life Insurance

  
  Filed Under: Blogging

So your employer has given you the plum assignment of working overseas - now what? Whether your stay is for six months or several years, there are certain things you will need to do to get ready for your time abroad. One of the most important things from a financial perspective is to purchase an international term life insurance policy.

While many employers provide their employees with some sort of life insurance policy for domestic incidents, most do not provide coverage for events occurring overseas. So if you want to enjoy the benefits of term coverage while abroad, you will need to buy a policy yourself.

You can purchase coverage for a maximum of $2 million. You will want to be certain that you purchase enough coverage to help alleviate the financial burden that your family will face without having your income to help with the monthly bills. Additionally, you will want to make sure you buy enough coverage to cover expenses like repatriating your remains from your overseas location, and paying for funeral arrangements.

Many plans will also include travel assistance amenities that make your time overseas less stressful. This may include medical referrals, embassy referrals, assistance making last minute travel changes, and more. In this regard, international term life insurance truly is indispensable coverage.

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