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.