Expatriate Health Insurance Blog
Tuesday, November 21, 2017
Filed Under: Blogging
How much coverage do I need? This is probably the most important question you can ask when buying life insurance. Why is that? Well, if you don't have enough coverage, your beneficiaries will not have enough to cover all their expenses, including ongoing bills and your funeral costs. A good exercise is to map out all your monthly expenses plus any assets that can be used in emergency situations, and to then add in some additional money for emergencies like car trouble. This will help make sure you buy enough coverage,
What policy length do I want to purchase for? Life insurance plans are available in different lengths of coverage. Think about how long you will be staying overseas for. Are you living there indefinitely or are you on perhaps a three year assignment for your employer? The length of time you plan on staying abroad can impact how long you want to own your policy for.
What restrictions come with my expatriate life insurance plan? This is a very important factor to consider, because if your cause of death was excluded from the policy's coverage, your beneficiaries may not be able to collect. Common exclusions from life insurance coverage may include suicide and preexisting life-threatening conditions. Understanding this part of your policy ahead of time can help your family avoid any unpleasant surprises later.