Life Insurance for non-U.S. Citizens
Life insurance for non-U.S. citizens IS possible. You’ve been living and working in the U.S. for quite some time now, and you have the need to purchase life insurance. Here are some things you need to know:
1. Have a copy of your visa or permanent resident card to provide with your insurance application.
2. The entire application process must be completed in the U.S. This includes the application, insurance exam and delivery of the life insurance policy.
3. Do you have a medical condition? Be sure your U.S. doctor has your full medical records from your previous doctor(s). Not all insurance companies will pay to obtain international records.
4. Some countries have restrictions where their citizens cannot purchase life insurance from a U.S. insurance company. Argentina, Brazil and France are just a few examples.
In addition to the above, you must have ‘ties’ here in the U.S. – a job, owning a home or property, for example. If you’re only in the U.S. for a month or so each year visiting family then you most likely wouldn't qualify for life insurance.
Also, depending on your visa type and country of citizenship, there also may be an ‘extra premium’ attached with the policy. There may also be a limit on the insurance amount you can qualify for.
About the author: Melanie Tretheway has been in the life insurance business for over 30 years. She is a mother of two who loves baking, reading, gardening, and taking care of her family. Melanie takes great pride in making sure you are informed, especially when it comes to choosing the right life insurance policy for your family. You can contact Melanie at 1-800-651-1953 or MTretheway@Pivot.com.