Life Assurance, Life Insurance & Critical Illness Cover For British Expatriates

Unusual Risks were recently approached by Simon (Aged 41 ) who is a British Expat Banker for a major International Bank …

Simon has Life Insurance and Long Term Sick Pay Benefits with his current employer, but does not have any Critical Illness Cover. He has been posted in Singapore on a fixed term contract for the next two years and he’s concerned about the financial effects should he suffer a serious illness whilst abroad.

He has asked us to find him a Critical Illness policy that offers cover even though he is working abroad on a fixed term contract. The majority of Critical Illness policies that he had looked at before approaching us refused cover to British Expatriates Living Abroad.

Critical Illness Cover is extremely difficult to obtain for British Expats and is only normally offered in limited circumstances. However, there are still some insurance companies that will consider offering Critical Illness Cover if you are working abroad on a fixed term contract.

In Simon’s case we were able to arrange a Level Term Assurance, which included cover for both Life Assurance and Critical Illness Cover. We introduced him to a large UK life assurance company that are friendly towards his current residential status and towards British Expats in general.

Unusual Risks are specialists at finding Life Assurance and Critical Illness for British Expatriates living abroad. We are even able to arrange a medical and nurse screening outside of the UK to satisfy the insurance companies medical requirements.

Visit www.expatriatelifeassurance.co.uk for our free British Expatriate Life Assurance Factsheet

If you require more information on Life Insurance, Life Assurance, or Critical Illness Cover for British Expatriates living abroad you can contact Unusual Risks Mortgage & Insurance Services on UK 0845 474 3075 or International +44 1404 45397, email at Enquiries@unusualrisks.co.uk or web at www.expatriatelifeassurance.co.uk

PLEASE NOTE* All applicants should be able to offer some form of interest in the United Kingdom such as a UK Property Address. All policies are arranged through leading UK Insurance Companies who collect the premiums from a UK Bank Account.

Unusual Risks were recently approached by Paul (Aged 36) who is a British Expat senior executive for an Insurance Company currently working in Bermuda.

He has already has substantial Life Assurance with his employer’s pension scheme, but has decided that he would also like a life assurance policy of his own. This will mean that he will have his own private provision if he is required to move to a different country or employer in the future.

Paul asked us to find him a Life Assurance policy that offered life insurance cover in return for guaranteed monthly premiums, instead of reviewable ones that he had seen elsewhere. This is because he would like the certainty of knowing that his Life Insurance premiums are fixed for the duration of the policy term.

He had found it difficult to find a Life Insurance policy that offered cover to British Expats, that was not on an annual renewable basis, where the premium was reviewed each year. Many of the options that he had found elsewhere for British Expats were for no longer than a 10 year term.

In this case we arranged a Level Term Assurance for Paul over a 40 year term, where the benefit level was a multiple of his salary package. We introduced him to a large UK life assurance company that are friendly towards his current residential status and towards British Expats in general.

We were even able to arrange a medical and nurse screening for him outside of the UK to secure him the policy and satisfy the insurers medical requirements.

Visit www.expatriatelifeassurance.co.uk for our free British Expatriate Life Assurance Factsheet

If you require more information on Life Insurance, Life Assurance, or Critical Illness Cover for British Expatriates living abroad you can contact Unusual Risks Mortgage & Insurance Services on UK 0845 474 3075 or International +44 1404 45397, email at Enquiries@unusualrisks.co.uk or web at http://www.expatriatelifeassurance.co.uk

PLEASE NOTE* All applicants should be able to offer some form of interest in the United Kingdom such as a UK Property Address. All policies are arranged through leading UK Insurance Companies who collect the premiums from a UK Bank Account.

When visiting a UK supermarket these days we seem to be bombarded with offers of financial services such as credit cards, travel insurance, savings accounts, current accounts and of course Life Insurance and Critical Illness Cover.

For UK residents buying Life Assurance or Critical Illness Cover can be as simple as taking your groceries through the checkout. However, this is sadly not the case for British Expats living abroad because many of the UK Insurance Companies specifically exclude them from taking out Life Insurance and Critical Illness Cover.

Our recent survey established that only 25% of UK Life Insurance Companies would accept an application from a UK Citizen living abroad. This means that British Expats looking for Life Insurance, Life Assurance and Critical Illness are more likely to be excluded from or declined when applying for Life Insurance cover.

Unusual Risks are a UK firm of financial advisers that like British Expatriate Super Markets, are stocked with high quality “financial” brands that are available to British Expats living abroad. They offer Life Insurance, Life Assurance and Critical Illness Cover policies that are specifically designed and tailored to meet the financial needs of British Expats living abroad.

Think of us like a “personal shopper” that has done all of the hard work for you and has already surveyed the whole of the Insurance market in order to find you British Expat friendly products. There are several reasons that we commonly hear our clients have previously been turned down for cover before they come to us.

These are some of the key areas that we are able to help British Expatriates living abroad.

• We are able to assist British Expats in finding a UK Life Insurance policy wherever they are living in the world currently.
• We are able to arrange a Life Insurance medical anywhere in the world with an English speaking qualified doctor.
• We are able to arrange UK Critical Illness Cover for British Expats, Company Executives and Employees posted abroad with their companies.
•  We are able to arrange Mortgage Life Insurance for British Expats who are worried about their outstanding home and property loans liabilities.
• We are able to arrange essential and valuable Life Insurance cover for British Expat Families living abroad at reasonable premiums.

Unusual Risks have recently exchanged directory links with one the UK’s leading Supermarkets for British Expats www.britishfoodstoreonline.co.uk and are proud to be included within their Partner Directory for Expat Life Insurance, Life Assurance and Critical Illness Cover.

Be sure to continue reading the case examples on this blog as they will give you a more detailed idea of the ways in which we can help you find Insurance cover. If you have any questions or would like to run your circumstances past us than please feel free to drop us a line.

Visit www.expatriatelifeassurance.co.uk for our free British Expatriate Life Assurance Factsheet and www.expatriate-life-assurance.co.uk/?page_id=7 for our Expatriate Website Directory.

If you require more information on Life Insurance, Life Assurance, or Critical Illness Cover for British Expatriates living abroad you can contact Unusual Risks Mortgage & Insurance Services on UK 0845 474 3075 or International +44 1404 45397, email at Enquiries@unusualrisks.co.uk or web at www.expatriatelifeassurance.co.uk

PLEASE NOTE* All applicants should be able to offer some form of interest in the United Kingdom such as a UK Property Address. All policies are arranged through leading UK Insurance Companies who collect the premiums from a UK Bank Account.