zTermLifeInsurance Blog
Saturday, September 04, 2010
- 24
May
2010 -
Benefits Add Up with IC+ Term Life Insurance
Filed Under: Blogging
When your first overseas assignment is finalized, you are likely to be all gung-ho about the new country. In some circumstances, though, you will be forced to leave your family behind, especially If your children’s education is involved. In any case, sooner or later, you will have to consider expat term life insurance.
First off, you’d want to check whether your current life insurance extends abroad. In most cases, unfortunately, it doesn’t. That might mean that you will require insurance to cover you during your period abroad. HCC Medical Insurance Services offers the IC+ Term Life Insurance plan that is tailored especially for expatriates.
The term insurance plan offers coverage of up to $2 million, with terms from one to ten years. Some of the plan options include a terminal illness option which pays out half the amount if you are diagnosed with a terminal illness with less than a year to live; a double indemnity option with double the coverage in case you pass on as a direct result of a covered accident; and the basic plan option.
As an expatriate, though, remember that the IC+ Term Life insurance is only valid abroad. If, for example, you purchased the plan for an initial period of three years and your company extends your stay by another two years, you might have to purchase an additional policy, at a different rate.
