International Life Insurance:  A Must-Have for Expats and Global Citizens

International life insurance is a type of life insurance that is designed for people who live or work outside of their home country. It offers a number of unique features that make it an attractive option for expats and global citizens.

Key features of international life insurance:

1. Fixed level premiums: This means that your premium will stay the same for the duration of your policy, which can be helpful for budgeting and planning purposes. It also means your premium will never be cheaper than it is right now. Secure your price while your young and healthy. 

2. Worldwide coverage area: You are covered no matter where you live, work or travel to! Unlike medical plans, international life insurance plans are designed to be global policies by default. Rest easy knowing that during trips you are covered and do not need to update the provider ahead of time, you only would if you moved to a new country. See point 3 about that!

3. Global portability: You can take your policy with you if you move to another country, which is important for people who plan to return to their home country at some point in the future. 

4. Policy in USD, GBP, Euros which holds value over time: This can be helpful for people who want to protect their savings from inflation or currency fluctuations.  It's not just about it holding its value better over time, it's also about where your beneficiary could receive the money to in the future. Imagine a dependent trying to get a lump sum payout in Philippines Peso for example. 

5. Higher benefit limits vs. local plans: This is important for people who need to cover a large amount of debt or provide for their family's financial needs in the event of their death. 

6. Get insured from safe, major global providers: This means that you can be confident that your policy will be honored and that your beneficiaries will receive their payout in the event of your death.

7. Only 3-4 exclusions: This means that you are covered for a wide range of events, even if you have pre-existing health conditions or engage in high-risk activities. Even if you develop a critical illness, if you are covered if you've added this benefit on. 

8. Beneficiary can receive the payout anywhere: This means that your beneficiaries will receive their payout quickly and easily, regardless of where they live.

Benefits of international life insurance for expats and global citizens:

1. Financial security for loved ones: International life insurance can provide financial security for your loved ones in the event of your death. This is especially important for expats and global citizens, who may have family members living in multiple countries.

2. Peace of mind: International life insurance can give you peace of mind knowing that your loved ones will be taken care of, no matter where they live in the world.

3. Flexibility: International life insurance policies are flexible and can be tailored to meet your individual needs. For example, you can choose the amount of coverage you need, the length of the policy, and the beneficiaries.

4. Portability: International life insurance policies are portable, so you can take your policy with you if you move to another country. This is important for expats and global citizens, who may move frequently for work or other reasons.

5. Tax benefits: International life insurance policies may offer certain tax benefits, depending on your country of residence.

Here are some specific examples of how international life insurance can benefit expats and global citizens:

1. An expat who is living and working in a country with a high cost of living can benefit from the fixed level premiums offered by international life insurance policies. This can help them to budget their finances and ensure that they can afford to maintain their life insurance coverage.

2. An expat who travels frequently or who lives in a country with high levels of political or economic instability can benefit from the worldwide coverage offered by international life insurance policies. This can give them peace of mind knowing that they are covered no matter where they are in the world.

3. An expat who plans to return to their home country at some point in the future can benefit from the portability of international life insurance policies. This allows them to take their policy with them and maintain their coverage without having to worry about finding a new policy in their home country.

4. An expat who is concerned about inflation or currency fluctuations can benefit from the fact that international life insurance policies can be purchased in a variety of currencies. This can help them to protect their savings and ensure that their beneficiaries will receive a valuable payout in the event of their death.

5. An expat who needs to cover a large amount of debt or provide for their family's financial needs in the event of their death can benefit from the higher benefit limits offered by international life insurance policies. This can give them peace of mind knowing that their family will be financially secure in the event of their passing.

If you are an expat or global citizen, I encourage you to consider purchasing an international life insurance policy. It can be a valuable tool to help you protect your loved ones and secure your financial future.