zTermLifeInsurance Blog
Saturday, September 04, 2010
- 12
May
2010 -
IC+ Term Life Insurance: One Size Does Not Fit All
Filed Under: Blogging
Living and working abroad has many benefits, but one area where you might face problems is in term life insurance. Not only do many U.S. insurance companies reject term life applications from those living abroad, expatriates have trouble finding a reliable term life insurance quote from foreign companies as well.
However, there are a few companies that offer reliable and safe term life insurance plans especially for expatriates. One such plan is the IC+ Term Life Insurance plan. Offered by HCC Medical Insurance Services, the IC+ Term Life insurance plan offers plans with flexible options.
The basic plan pays out the policy limit to the beneficiaries on the death of the plan holder. There is also a terminal illness option, which pays out half the policy limit when the plan holder is diagnosed with a terminal illness and is medically evaluated as having less than a year to live. The diagnosis should be new (not pre-existing) and should be evaluated by a physician approved by the IC+ Term Life Insurance plan.
In addition, there is also a double indemnity coverage offered, which doubles the coverage in case the death of the plan holder is due to an accident that is covered under the plan. The IC+ Term Life Insurance can be purchased for terms from one to 10 years, making it ideal for expats who are abroad on work.
