zTermLifeInsurance Blog
Thursday, July 29, 2010
- 11
Mar
2010 -
Term Life Cover Around the World
Filed Under: Blogging
International term life insurance comes as a boon to those expatriates looking for suitable life insurance for periods up to 10 years. Term life insurance is pure life insurance, which means that there is no savings component attached to it, and when the term ends, so does coverage.
Expatriates are often in a fix when it comes to term life insurance, because many companies in the United States state that the term life insurance ceases to be valid after 12 months of living outside the U.S. The reasons for this are varied, but prime among them is the fact that U.S. term life insurance is cheaper than insurance in other parts of the world.
International plans such as IC+ Term Life Insurance offer coverage throughout the world. This is not just useful for expatriates, but also for those whose work and life takes them around the globe. Coverage with IC+ Term Life Insurance is valid if the plan holder lives in most parts of the world.
However, most international term life insurance excludes war or war-like operations. Some plans also exclude certain countries from coverage, and it is best to read the fine print before signing on.
