zTermLifeInsurance Blog
Tuesday, September 07, 2010
- 24
Mar
2010 -
Term Life Insurance Follows You Around the World
Filed Under: Blogging
For expatriates, just their life away from home can lead to extra expenses and worries. When work takes one to a different country, one of the important things on the “concern” list is safety and worries about dependents back home. Term life insurance can help in cases like this.
Term life insurance is becoming very popular, and is one of the prime insurance options when a person is looking to safeguard the financial future of his/her dependents. Many U.S.-based insurance companies do not offer term life insurance plans that are valid outside the United States.
However, in today’s rapidly shrinking world, the need for a global term life insurance is increasing. Plans such as IC+ Term Life Insurance offer coverage that follows one no matter where one goes. It is also ideal for those who travel to more than one country intermittently.
The applicant must reside outside the United States at the time of application, or must intend to depart the United States prior to the effective date of coverage. Coverage also depends on the applicant meeting underwriting guidelines. Depending on the coverage sought, a financial questionnaire and medical questionnaire may also have to be filled out and approved.
