Expat Life Insurance
Expat Life Insurance We have all heard about life insurance, but what actually is it? Why would you need it? How much does it cost? In this article, we break down the key information about Life Insurance to help you make an informed decision. What is life insurance? Life insurance is a financial protection that pays out a lump sum of money should the policy holder pass away. Why do you need life insurance? There are several reasons why you might want, or need, to take out life insurance: Current life insurance does not cover you as an expat : It is often the case that life insurances are not transferable if you go and live overseas. If you have life insurance in your home country you need to check if it covers you as an expat. Unless you specifically requested this when taking out the insurance policy, it is unlikely that you will be covered and you may need an additional policy in your new country of residence. To secure a loan/mortgage: It may be a requirement by the lender that you...
Comments
Post a Comment