Expatriate Insurance Survey 2016 – Latest Research – Summer 2016

Unusual Risks, the UK Life Insurance advisers, are today announcing the results of their recent Expatriate Insurance Survey. After conducting their latest research into the availability of Life Insurance and Critical Illness Cover to British Expatriates, they can now confirm that only 16% of UK insurance companies offer Life Insurance products to British Citizens living abroad.

This was a substantial reduction from the previous year’s figure of 33% and indicates that British Expats are now struggling to find adequate Life Insurance to meet their requirements. Also in the survey it was established that only 8% of providers are prepared to accept an application for Critical Illness Cover.

Speaking about their survey, Chris Morgan, Lead Financial Adviser of Unusual Risks Said;

‘Over the last year there has been a shift in the availability for Life Insurance products for British Expats living abroad. The majority of the mainstream UK Insurers such as Legal & General, Friends Life and Aviva have all now withdrawn from offering this type of cover. Our survey has established that very few UK insurers will now consider offering cover to British Expats’.

‘There are still many groups of British Expatriates that have genuine reasons for needing a UK based Life Assurance plan, such as those with property interests, outstanding mortgages or tax interests in the UK. We have also met British Expatriates who require Life Assurance to protect family members and children who are still resident in the United Kingdom’.  

Unusual Risks have recently launched a “Fee Based” advice service that is designed to help British Expats, who may be finding it difficult to find Life Insurance cover. They have access to specialist insurers that are friendly towards British Expatriates and are able to arrange Life Insurance at discounted premiums, without any commissions deducted from the policy.

Chris Morgan and Unusual Risks have been helping the British Expatriate community for the last five years to arrange all types of Life Insurance and Critical Illness Cover policies for their needs. They are experienced at tailoring Life Insurance policies for British people living abroad in all corners of the World.

Unusual Risks are the UK’s “Go To” place for Brokers and IFA’s looking for high quality Expat Life Insurance for their clients. If you are a Broker or IFA looking for Expat Life Assurance visit our Broker / IFA Services page for more information. http://www.expatriate-life-assurance.co.uk/?page_id=2

Unusual Risks are the UK’s leading financial advisers offering specialist advice on Life Insurance and Life Assurance for British Expatriates and UK Citizens currently living abroad.

For more information on Expatriate Life Assurance, Expatriate Life Insurance, Expatriate Critical Illness Cover you can contact Unusual Risks by phone (Int) +44 1404 45397 (UK) 0845 474 3075.Or contact us by Email at enquiries@unusualrisks.co.uk or visit us online at www.expatriatelifeassurance.co.uk

*** PLEASE NOTE: We are only able to offer “UK Expat Life Insurance” to people who still own a UK Property and still hold a UK Bank Account. ***

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