Not only are longer-term policies available (up to 40 yrs or more), the monthly cost is often comparable to what you could be paying if you still lived in the UK.
Moneysworth can help you find Life Insurance if you live or work abroad – even if you have an existing health condition.
In the past, with a few exceptions, British expats could expect to find life cover for a maximum term of 10 years and premiums would typically be higher than those paid by someone living in the UK. So if you wanted cover for a longer term you would need to reapply after 10 years, and if accepted you could be charged an increased monthly cost for the new policy. But now things have changed!
If the country you're living in is considered relatively safe, there's a good chance that the rates we can get for you will be comparable to what you'd pay if you still lived in the UK.
We are also able to help many British expats find Critical Illness Cover.
This can be included with Life Cover and is typically no more expensive than Critical Illness Cover on its own.
If you have a pre-existing health condition, it's generally more difficult (or impossible) to obtain Critical Illness Cover. It's still worth asking us though – we promise to do our best!
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To apply for any of these new types of expat Life Insurance, you'll need to have at least one of the following:
If you don't meet any of these criteria, we may still help you to arrange a 10-year fixed term policy.
The reasons you may want to consider Life Cover are generally the same as if you were still living in the UK:
Currently it's impossible to get Life Cover or Critical Illness for expats living in the USA.
For other countries, it depends on the current circumstances and your location in that country.
If you already have cover in place but it seems expensive or is limited to a shorter term than you wanted, it could be a smart move to talk to Moneysworth – we might be able to find cover that better matches your current needs!
If you start a policy, we will be paid a commission by the insurance company. The insurance company will usually pay for any doctor's fees if reports are required.