UK Based Life Insurance, By Chris Morgan
We have recently seen a sharp increase in UK Citizens living abroad who approach us looking for the security of a UK Life Insurance policy with a large reputable company.
The “Brexit” situation between Europe and the United Kingdom seems to be influencing financial decisions and their desire to make certain that should anything happen to them their families are looked after.
Many British citizens living abroad have been considering their Life Insurance needs and have been trying upgrade the amounts of cover that they have in place.
Most of the mainstream companies like Legal & General, Aviva, Friends Life and Vitality won’t allow cover for Expat’s anymore …
These are some of the situations we have advised on recently …
- British Citizens who have mortgages in the UK that do not have any Life Insurance or Critical Illness Cover.
- British Expats who still have dependent family and children in the UK that need to protect their loved ones
- British Expats who may be facing an Inheritance Tax Liability on their estate in the future
- British Expats Paying for a relative’s UK private school, university or care home fees
- UK companies with overseas an key person or shareholder who is a British Citizen.
- In all cases a UK Bank account was required
In order to be accepted for a Life Insurance or Critical Illness Cover policy in the UK a British Expat will need to have one of the “insurance interests” listed above and also still hold a UK Bank Account.
We have special arrangements with Life Insurance Companies for getting policies agreed quickly for applicants and even can arrange an overseas medical if needed by the Life Insurance Company.
We also have international conferencing facilities and offer a free 15 minute initial phone consultation, so you can find out quickly if you qualify for Expat Life Insurance and Critical Illness Cover.
We are the UK’s leading specialist financial adviser for those seeking larger amounts of Expat Life Insurance and Critical Illness Cover.
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