International Expat Life Insurance

Term Life Insurance for Expats

Term life insurance for expats is life insurance coverage for a certain period of time, of at least one year, but can be for 5, 10, or even 20 years. Expats can choose to enroll in an expat term life insurance plan while they are away from their home country, especially in cases when they have moved to a country with elevated risks to personal health and safety.

Expat term life insurance can provide a death benefit limit that stays the same throughout the term of the policy or can either increase or decrease throughout the term.

Level Term Life Insurance

A level term life insurance policy will provide a death benefit that remains the same throughout the period of the policy. For example, a six-year level term policy with a $100,000 death benefit will pay $100,000 if the insured expat dies at any time within the six-year period that the policy is active. The premiums for term-level insurance policies generally stay the same throughout the term of coverage.

Decreasing Term Life Insurance

A decreasing term life insurance policy is a policy with a death benefit that decreases over the term of the coverage period. The death benefit during the initial years could start at $100,000 and then decrease by $5000 on each policy anniversary.

Expat Family Income Coverage

Family income coverage is a form of decreasing term life insurance that will provide a monthly income death benefit if the insured dies while being insured. The monthly amount will be paid to the family until the end of the term for which the life insurance cover was purchased.

Increasing Term Life Insurance