British Expatriate – Mortgage Life Insurance & Critical Illness Cover …

By Chris Morgan | Published: April 16, 2014

Unusual Risks were recently approached by Richard (Aged 44) who is a Management Consultant for a large multi-national company …

His company had asked him to work in Singapore for a period of two years, which meant he had found it difficult to obtain Mortgage Life Insurance and Critical Illness Cover on the mortgage he had just taken on a new property based in London.

Before approaching Unusual Risks Richard had already been offered Life Insurance and Critical Illness Cover elsewhere, but this was on an “Annual Renewable Contract”. He didn’t feel comfortable with this type of Insurance, because the terms of the Insurance can be altered on renewal by the Insurance Company.

We were asked to find him a policy that was more permanent, even though he was going to be spending time abroad. Unusual Risks are experienced at finding Life Insurance and Critical Illness plans for business people who are going to be spending time outside of the United Kingdom with their occupation.

In this case we arranged Decreasing Term Assurance, with Critical Illness Cover included in the plan for the same amount as Richard’s Mortgage. We introduced him to a large UK Insurance Company, who were friendly towards his travel and career plans.

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. 

Unusual Risks Launch Expatriate Life Insurance Service …

By Chris Morgan | Published: April 16, 2014

Unusual Risks have recently launched their new Insurance service for British Expatriates living abroad. The new service is focused on arranging Life Insurance, Life Assurance and Critical Illness Cover for people who are either planning to or are already living abroad from the United Kingdom.

They can arrange Level Term Assurance, Decreasing Mortgage Life Assurance, Over 50’s Life Assurance, Whole of Life Assurance and Critical Illness Cover for British Expatriates living abroad.

Here’s some of their most up to date research on the issue of British Expatriate Life Insurance …

‘Expatriate Insurance Survey 2014’

Unusual Risks, the UK Life Insurance advisers are today announcing the results of their first ever Expatriate Insurance Survey. After conducting their survey into the availability of Life Insurance and Critical Illness Cover to the British Expatriates, they can now confirm that only 25% of UK insurance companies offer Life Insurance products to British Citizens living abroad.

The survey asked UK Life Assurance companies to indicate if they offered insurance products to British Citizens who spend more than six months abroad per year. Only 25% of Life Assurers were prepared to accept insurance applications from people living abroad, with 75% responding that they would not offer cover, or would require the applicant to be in the UK more than six months per year.

Speaking about their survey, Chris Morgan, Marketing Manager of Unusual Risks said;

‘We decided to research issues around Expatriate Life Insurance after several of our existing clients asked us to help them find Insurance that covered them whilst living abroad. Understandably they were concerned that their existing cover may not protect them and wanted us to find them Life Insurance products with UK based insurance companies.

‘The purpose of the Expatriate Life Insurance survey is to highlight the treatment of British Expatriates by UK Life Assurance companies. We were genuinely shocked by the attitude of some Insurance companies who seem genuinely reluctant or indifferent on providing insurance services to British Citizens living abroad’.

Unusual Risks have helped many UK Expatriates find Life Insurance and Critical Illness Cover in varying circumstances over the last few years. Some examples of where Unusual Risks have been able to help are where people have or are moving abroad, along with others who are either travelling or working outside of the UK.

Chris Morgan and Unusual Risks have been helping the British Expatriate community for the last four years to arrange all types of Life Insurance and Critical Illness Cover policies for their needs. They are experienced at finding suitable insurance companies and completing all of the correct insurance paperwork for British Expatriates that are living abroad.

If you require more information on Expatriate Life Insurance or Expatriate Critical Illness Cover please contact Unusual Risks Mortgage & Insurance Services by phone (Int) +44 1404 45397 (UK) 0845 474 3075, or by email at enquiries@unusualrisks.co.uk 

You can also find Expatriate Insurance on the web at www.expatriatelifeassurance.co.uk  and for all of the latest Expatriate Life Assurance News, Features, Research and Factsheets you canvisit the Expatriate Life Assurance Blog at www.expatriate-life-assurance.co.uk