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 21% of UK insurance companies offer Life Insurance products to British Citizens living abroad.
This was a significant reduction on the previous year’s figure of 28% and indicates that British Expats now have fewer options to find adequate Life Insurance to meet their requirements. Also in the survey it was established that only 7% 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 once again been a decrease in the availability of Life Insurance products for British Expats living abroad. Although the majority of the mainstream UK Insurers such as Legal & General, Friends Life and Aviva have all now withdrawn from offering this type of cover, there are still some options for Expats seeking Life Insurance and Critical Illness Cover’.
‘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 mortgage 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 residents in the United Kingdom’.
Unusual Risks are also encouraged to now see the availability of Critical Illness Cover once again for British Expats after this had been withdrawn by insurers completely over the last few years. They have recently arranged Critical Illness Cover for UK Citizens living in countries in Europe, The Middle East and Asia. Those seeking CIC Cover should contact Unusual Risks to find out if their country is one that is considered for cover.
Chris Morgan and Unusual Risks have been helping the British Expatriate community for the last seven years to arrange all types of Life Insurance and Critical Illness Cover policies to meet 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 leading financial advisers offering specialist advice on Life Insurance, Life Assurance and Critical Illness Cover 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