we are overseas now but would like to buy a 20 years term life insurance policy from US......is it possible?
We will be staying here (Taiwan) for more than 5 years and the insurance there is terrible and so expensive.
I'm wondering if we are here and something happens to us - can we get the benefits from insurance co. ??
2007-07-12 16:15:11 · 4 answers · asked by Avatar 3 in Business & Finance ➔ Insurance
To put it bluntly, if you die, it's not YOUR problem. So to speak.
Likely you cannot buy a life insurance in the US while you are living out of the country. I don't know of any US companies that will do that.
2007-07-13 01:35:51 · answer #1 · answered by Anonymous 7 · 0⤊ 0⤋
to buy the insurance u need to be in the US.
all policies ask the question if you plan on living outside the US for more than 6 months. You could lie, but if you die they would just deny the claim.
2007-07-14 15:26:23 · answer #2 · answered by Bill R 7 · 0⤊ 0⤋
To buy insurance in the US you have to be a resident of the country. If you are residing overseas, no US company will insure you at US rates.
2007-07-13 10:44:16 · answer #3 · answered by Makotto 4 · 0⤊ 0⤋
I have even had US policies issued on foreign citizens, but it needs to be applied for and delivered in the US. There is no legal way around this.
2007-07-13 09:55:32 · answer #4 · answered by aaron p 5 · 0⤊ 0⤋