Expat Insurance

If you and your family relocate overseas, one of your first priorities from a financial planning point of view may very well be establishing health care cover and the getting the essential insurances in place to provide peace of mind. It is essential to make sure that you are fully covered - find out which insurances are necessary and which aren't!

Life insurance

As an expatriate living in a ‘foreign’ country there are many uncertainties, upheavals, unknowns and concerns especially when it comes to fiscal matters. 

Life insurance is one of the most important products when it comes to peace of mind.  You want to protect your loved ones in the event of your death - protect them financially and emotionally. 

For your family to maintain the same standard of living in the event of your death you have to make sure that you have the correct type and level of life insurance.

The type of life insurance you need depends on what you want to achieve with your policy.

If you simply require insurance against your untimely death for the fixed number of years of your offspring’s childhood for example, this can be arranged via level term life insurance.

Decreasing term insurance can be used to pay off a mortgage or other loan in the event of your death during the outstanding period of the loan.

Whole of life insurance is exactly as it sounds - it covers your beneficiary in the event of your death whenever it occurs.

And annual renewable life insurance can be used by expatriates who wish to insure themselves one year at a time depending on their changing circumstances.

Life insurance policies are available for your whole family and are definitely something worth considering when it comes to financial peace of mind.

First steps

Whether you are a new expatriate, an expatriate in a new country, or an expatriate worried about the levels of insurance you have for your family, you shouldn’t put off until tomorrow that which you can get done and dusted today!

Yes, insurance is boring!
But insurance does bring protection.
And protection brings peace of mind.

When it comes to financial and wealth management and making your money work harder for you and your family, the first step is to actually make sure your current position is secured.

We all know that we should have enough in the bank readily to hand to cover a rainy day or an emergency trip back home - but at the same time we need to look out for ourselves and our family today as well as securing our future tomorrow.

Based on your country of residence, country of domicile, intention to remain or repatriate, and the needs and requirements you have, a financial adviser will be best placed to advise you when it comes to all your insurances and assurances.

If you need further information, specific policy literature or assistance in locating a financial adviser in your location, contact us and we will assist you.

And if you are after even more top tips, Shelter Offshore recommend you read the following: -

The Expert Expatriate: Your Guide to Successful Relocation Abroad

Melissa Brayer-Hess, Patricia Linderman

The cost to businesses of ill-prepared employees moving overseas can be measured in the millions of dollars - lost man hours, wasted training and high overhead.

For the expatriate-to-be, everything you need is here: advice and sound, practical knowledge on preparing, moving, getting settled in, and adjusting to the new culture.

The authors’ optimism and common sense come from their multiple international moves and more than 30 years experience living and working overseas. The authors provide essential tools to make each expatiate an expert at surviving in his or her new culture.

This book is a must for anyone who is planning to live and work overseas - single, married, employee or spouse, with or without children; relocation specialists who assist clients in making that transition and human resource personnel responsible for international assignments. 

Click here to order a copy directly from Amazon!

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