Expatriate Life Insurance

Term Life policies, both Group & Individual, provide coverage for a limited period of time, the relevant term. Usual terms are for periods of 10, 15, 20 or 30 years. After that period, the insured can either drop the policy or pay annually increasing premiums to continue the coverage. Policies are only payable if the insured dies during the specified period of time.

Whole Life insurance is a life insurance policy that remains in force for the insured’s whole life and requires (in most cases) premiums to be paid every year into the policy.

Universal Life is a type of permanent life insurance based on a cash value. That is, the policy is established with the insurer where premium payments above the cost of insurance are credited to the cash value. The cash value is credited each month with interest, and the policy is debited each month by a cost of insurance (COI) charge, and any other policy charges and fees which are drawn from the cash value if no premium payment is made that month. The interest credited to the account is determined by the insurer; sometimes it is pegged to a financial index such as a bond or other interest rate index.

Individual & Group Long Term Disability coverage protects you and or your employees in case of illness or injury that would prevent the insured from continuing their employment.