If you have recently moved abroad or are planning to move soon, then the last thing on your mind is adding to your expenses, especially what seems like wasteful outlay for more life insurance.
Have you checked if your current life cover is valid abroad? Each insurer has different underwriting rules and may not cover all benefits.
If you change countries every few years, then international life cover might be better suited to your needs. It is ideal for expatriates and digital nomads as there are no worries as to whether the insurance is valid or if it will pay out all benefits. Underwriting is done specifically for living abroad in several countries, so there won’t be any issues when the time comes to pay out benefits.
The purpose of international life cover is to provide you with the peace of mind that your family and loved ones are protected in the event of your premature death, no matter where you live in the world.
Consider who will pay for these expenses if you are not around:
- Your funeral expenses in any country abroad could cost more
- Repatriation costs if your spouse/partner is moving back to your home country
- Any debt accrued abroad such as mortgages and credit cards or loans
- Movers if your spouse/partner is selling your house or moving to a smaller place
- Your children’s future education
- Children’s care if both parents pass on
- A monthly income for your spouse/partner to live comfortable and not worry financially, especially if they are stay home parents/spouses/partners
- Retirement savings/financial security for your partner/spouse
Speak to your deVere consultant about taking out international life cover to ensure your family is protected financially and that you don’t leave them with debt. [email protected]
Please note, the above is for education purposes only and does not constitute advice. You should always contact your deVere advisor for a personal consultation.
* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.