There are a number of life insurance companies available that will offer you coverage if you travel internationally for business or pleasure…but that’s not usually the problem.
The Problems With International Travel Life Insurance
The #1 problem encountered with international travel life insurance is typically based on the amount of underwriting time it takes to get a policy issued! Most life insurance companies will take 6-8 weeks to complete underwriting on a new business application.
Most of the time, we receive the call from an executive who has a trip in a few weeks. If that executive is traveling to a country listed as a travel warning with the U.S Department of State, it may be impossible to obtain life insurance…until now!
We now have a company that offers international travel life insurance. Coverage periods may be as little as 1 month to as long as 10 years.
International Travel Life Insurance may be a great option for:
Life Insurance for Executives with traveling to international locations for short duration of time
Life Insurance for Doctors without Borders
Life Insurance for Reporters on foreign assignments
Life Insurance for Professionals living in foreign countries
Life Insurance for Individuals traveling to “hot spots” or war zones.
Life Insurance for Athletes and Entertainers traveling to international locations.
With any life insurance policy needed quickly, you will need to be actively involved in the process, including contacting your physician(s) to ensure their quick response when medical records are requested, or to answer questions from underwriters.