IMPORTANT NEWS FOR BRITISH EXPATRIATES LOOKING FOR LIFE ASSURANCE
Further to our recent survey which was published in July 2015, we now feel obliged to report that over the last 12 months the majority of UK mainstream insurers have now withdrawn from offering Life Assurance services to British Expatriates and UK Citizens living abroad.
Insurance Companies that have recently withdrawn services to UK Citizens living abroad include Legal & General, Aviva and Friends Life. Those with existing Insurance plans are likely to be able to keep their existing insurance cover, but will be unable to amend or increase their current Life Assurance arrangements.
People intending to move abroad and are yet to secure Life Assurance are likely to be effected the most by these changes. Over the last few months we have been contacted by worried British Expatriates, along with soon to be British Expatriates, who are looking for Life Insurance cover.
Some of these people need security and protection for their families, children and mortgages whilst abroad and see having Life Assurance is a basic necessity for their peace of mind. It is for this reason we have conducted a detailed assessment of the current availability of Expatriate Life Assurance in the United Kingdom.
We are now able to confirm that we can offer Life Assurance to British Expatriates through a specialist UK insurance company, who are very much “Expat Friendly”. Please note, their product is only available to British Expatriates who still own a property in the UK and maintain a UK Bank account.
This Insurance Provider only offers their product through financial advisers and without any payment of up front commissions. We are therefore electing to offer this service on a “Fee Only” basis, without any involvement of commissions, which then in turn means discounted premiums for our clients.
We feel it is extremely important for us to still maintain Life Assurance and Life Insurance services to UK Citizens living abroad and this new product will allow us to do this. Our new product provider will even arrange a medical for our clients, with an English speaking doctor abroad if necessary.
If you are a British Expat and are looking for Life Insurance to protect your family, children, property or mortgage please contact us to speak with a financial adviser.
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
Are you 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
PLEASE NOTE* All applicants should own a property in the United Kingdom and maintain a UK Bank Account.