Life Protection

Anyone with a mortgage or loan should also consider coverage. Is your wife or partner able to maintain contributions if something were to happen? How would you feel if the family home was forcibly sold?

Finally, if you are the owner or a senior manager of a company, what will happen if you were not around? Could your company continue without you? You might need to consider any transition or “wrapping up” costs in your life insurance estimate, on top of what your family needs to continue their standard of living. Even closing down a company immediately can cost a significant amount of money.

But isn’t my life insurance back home enough? This is one of the biggest and most damaging myths for an expatriate. More than 90% of life insurance sold in domestic markets covers people only when they are residing in their home country. It does not include international coverage. Many life insurance companies in home countries have been known to waive aside concerns by saying that coverage for business trips are fine. Insurance companies do not consider expiates to be on extended business trips if a payout is under question, so if your domestic policy is not covering you, then what is?

Why consider life insurance?

Because your ability to protect the ones you love outlives you!

A great advantage of life insurance is that it can pay out to your family before any Probate process is finished – which means family members won’t go without whilst they wait to access what you’ve left them in your Will (and maybe Trusts).

Watch out, though! Life insurance must be set up correctly in accordance with your other legal arrangements for your estate in order for it to provide timely benefits. We help you to robustly provide for your family after you’re gone without impacting on your present needs.

Who should use life insurance? In short, anyone who has responsibilities should have life insurance. For example, if you are thinking of having children, or already have one on the way, then you should strongly consider life insurance. If the unthinkable happens, would you want your children to miss the opportunity of a proper education because they are unable to afford it?