Foreign Nationals, who spend considerable time in the United States, old assets or maintain significant ties to the United States may have a need for U.S. life insurance. Asset preservation, transfer of wealth, state/tax planning and family income protection are just some of the common financial objectives that apply to individuals and families, regardless of residence. This Foreign National Life Insurance Guide will help you understand you U.S. life insurance options.
Immigrant Life Insurance has years of experience in the international insurance market. We have relationships with many of the largest and most respected companies in the industry. This allows us to offer high-quality life insurance products suitable for the unique financial needs of foreign nationals.
International underwriting guidelines are becoming more flexibility and market specific; some companies now consider insurance industry is constantly evolving. Insurance providers are forever trying to refine the balance between cost and coverage. This creates a more dynamic environment for international insurance carriers.Foreign Nationals Insurance Qualifications
Foreign nationals seeking U.S. life insurance must be someone who:
Has a valid U.S. visa
Resides outside the U.S. for the majority of the year; more than six months (183 days)
Has meaningful connections/ties to the U.S.
Has a worldwide minimum net worth above specified levels.
These are the initial qualifying parameters that insurance companies use to determine a foreign national eligible for coverage.