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Life insurance non U.S. residents and Foreign Nationals
Are you a non U.S. resident or foreign national looking for affordable coverage from Top Companies in the United States?
If you are, then welcome. We are glad you are here! The good news is that non U.S. citizens and foreign nationals can buy U.S. life insurance!
Obtaining life insurance for non U.S. residents is easier today than it has ever been. In the following article we will give you a ton of information on what American life insurance companies offering coverage to non U.S. residents are looking for. Our goal is to give you the inside scoop so you know how life insurance underwriters handle non U.S. residents.
Life insurance for non U.S. citizens or foreign nationals is within your grasp. Life insurance underwriters are primarily concerned about one thing — the life expectancy of the country you reside in. If you reside in a country that has a good life expectancy, then chances are you will be eligible for life insurance as a non U.S. citizen.
And we are seeing more interest from insurers looking to offer life insurance to approved countries, such as China and the Philippines.
What exactly is a non U.S. resident?
If you reside outside of the United States for greater than 3 months a year or you do not have a full-time permanent U.S. residence then you will be considered a non U.S. resident for life insurance purposes. Citizenship is not a determining factor. Therefore, you do not have to be a U.S. citizen to qualify for life insurance in the United States.
More specifically, a non U.S. resident:
Is outside of the U.S. more than 3 months a year.
Visits the U.S. for business or pleasure but whose permanent residence is not in the U.S. An example may be a U.S. citizen, who moved to Hong Kong, China but returns periodically to the U.S. to visit family.
Expects to reside in the U.S. only temporarily. Some examples may be an individual in the U.S. for business, professional, or educational training or an exchange student in the U.S. for education but plans on returning home upon the end of the school year or upon graduation.
Resides is the U.S. only part time. An example may be a Taiwan citizen who owns a home in Taiwan and lives in the U.S. for 3 months a year for business purposes.Basically, you do not live in the U.S. but you travel to the U.S.
It really helps if you have some sort of minimum contacts with the United States such as immediate family, real estate, a business interest, or financial assets such as a brokerage account or bank account.
Can a Canadian Citizen get life insurance in the U.S.?
Yes. Non-U.S. citizens in Mexico and Canada can typically find life insurance in the United States.
Mexico cities of Cancun, Ciudad Juárez, Guadalajara, Mexicali, Mexico City, Monterrey, Puebla, Puerto Vallarta, San Miguel de Allende, San Pedro, Garza Garcia and Zihuatanejo are generally considered preferred residencies.
What is required for compliance purposes?
The compliance requirements set forth by the U.S. life insurance company are that all aspects of the transaction for getting affordable life insurance for non U.S. residents be completed in the U.S.
This includes: solicitation,
the application,
the paramedical exam,
inspection and
contract delivery.
Since the timeline on most life insurance approvals is around 6-12 weeks, you will want to plan accordingly. Please note: NON RESIDENTS— the general rue of thumb in order to qualify— you have to be in U.S. for at least 90 consecutive days. Therefore, a non U.S. citizen can get life insurance in the United States simply by being present and available in the U.S.
How long will it take?
The life insurance carrier will want to see medical records. This can take a great deal of time. Please don’t expect this process to happen overnight. Technology has helped expedite this process dramatically, but it can still take weeks to procure attending physician statements from a physician in another country. Therefore, it is best to plan on the process of obtaining life insurance for non U.S. residents taking at least 8 weeks so that you do not run out of time.
Eligible Residents
The insurance regulations of some countries prevent their residents from purchasing life insurance outside their country of residence.
Residents of the following countries may be eligible: Antigua, Aruba, Australia, Austria, Barbados, Barbuda, Belize, Bermuda, Bolivia, Chile, China, Colombia, Curacao, Denmark, Dominican Republic, Ecuador, Germany, Grenada, Guatemala, Holland, Hong Kong, Indonesia, Israel, Italy, Jamaica, Latvia, Luxembourg, Malaysia, Marshall Islands, Mexico, Monaco, Montserrat, Morocco, Netherlands, Netherlands Antilles, Nicaragua, Norway, Pakistan, Peru, Poland, Portugal, Romania, St. Kitts and Nevis, St. Lucia, St. Maarten, Singapore, South Africa, South Korea, Spain (non-citizen residents only), Suriname, Sweden, Switzerland, Taiwan, Trinidad, Tobago, Turkey, Turks & Caicos, Ukraine, United, Arab Emirates, United Kingdom and Venezuela.
Countries that are not eligible
Due to insurance regulations in certain countries, the following countries may prevent residents from buying life insurance outside the country they live*: Argentina, Croatia, Canadian Provinces of Alberta, British Columbia and Manitoba, Hungary, India, France, Greece, Japan, Panama, Poland, Switzerland, Uruguay, and Venezuela.
*However, if you are not a permanent, full time resident of one of these countries the life insurance company will take certain information into consideration when determining residency status. The professionals at TermLife2Go will ask you the appropriate questions to determine your eligibility.
Are you a non U.S. resident or foreign national looking for affordable coverage from Top Companies in the United States?
If you are, then welcome. We are glad you are here! The good news is that non U.S. citizens and foreign nationals can buy U.S. life insurance!
Obtaining life insurance for non U.S. residents is easier today than it has ever been. In the following article we will give you a ton of information on what American life insurance companies offering coverage to non U.S. residents are looking for. Our goal is to give you the inside scoop so you know how life insurance underwriters handle non U.S. residents.
Life insurance for non U.S. citizens or foreign nationals is within your grasp. Life insurance underwriters are primarily concerned about one thing — the life expectancy of the country you reside in. If you reside in a country that has a good life expectancy, then chances are you will be eligible for life insurance as a non U.S. citizen.
And we are seeing more interest from insurers looking to offer life insurance to approved countries, such as China and the Philippines.
What exactly is a non U.S. resident?
If you reside outside of the United States for greater than 3 months a year or you do not have a full-time permanent U.S. residence then you will be considered a non U.S. resident for life insurance purposes. Citizenship is not a determining factor. Therefore, you do not have to be a U.S. citizen to qualify for life insurance in the United States.
More specifically, a non U.S. resident:
Is outside of the U.S. more than 3 months a year.
Visits the U.S. for business or pleasure but whose permanent residence is not in the U.S. An example may be a U.S. citizen, who moved to Hong Kong, China but returns periodically to the U.S. to visit family.
Expects to reside in the U.S. only temporarily. Some examples may be an individual in the U.S. for business, professional, or educational training or an exchange student in the U.S. for education but plans on returning home upon the end of the school year or upon graduation.
Resides is the U.S. only part time. An example may be a Taiwan citizen who owns a home in Taiwan and lives in the U.S. for 3 months a year for business purposes.Basically, you do not live in the U.S. but you travel to the U.S.
It really helps if you have some sort of minimum contacts with the United States such as immediate family, real estate, a business interest, or financial assets such as a brokerage account or bank account.
Can a Canadian Citizen get life insurance in the U.S.?
Yes. Non-U.S. citizens in Mexico and Canada can typically find life insurance in the United States.
Mexico cities of Cancun, Ciudad Juárez, Guadalajara, Mexicali, Mexico City, Monterrey, Puebla, Puerto Vallarta, San Miguel de Allende, San Pedro, Garza Garcia and Zihuatanejo are generally considered preferred residencies.
What is required for compliance purposes?
The compliance requirements set forth by the U.S. life insurance company are that all aspects of the transaction for getting affordable life insurance for non U.S. residents be completed in the U.S.
This includes: solicitation,
the application,
the paramedical exam,
inspection and
contract delivery.
Since the timeline on most life insurance approvals is around 6-12 weeks, you will want to plan accordingly. Please note: NON RESIDENTS— the general rue of thumb in order to qualify— you have to be in U.S. for at least 90 consecutive days. Therefore, a non U.S. citizen can get life insurance in the United States simply by being present and available in the U.S.
How long will it take?
The life insurance carrier will want to see medical records. This can take a great deal of time. Please don’t expect this process to happen overnight. Technology has helped expedite this process dramatically, but it can still take weeks to procure attending physician statements from a physician in another country. Therefore, it is best to plan on the process of obtaining life insurance for non U.S. residents taking at least 8 weeks so that you do not run out of time.
Eligible Residents
The insurance regulations of some countries prevent their residents from purchasing life insurance outside their country of residence.
Residents of the following countries may be eligible: Antigua, Aruba, Australia, Austria, Barbados, Barbuda, Belize, Bermuda, Bolivia, Chile, China, Colombia, Curacao, Denmark, Dominican Republic, Ecuador, Germany, Grenada, Guatemala, Holland, Hong Kong, Indonesia, Israel, Italy, Jamaica, Latvia, Luxembourg, Malaysia, Marshall Islands, Mexico, Monaco, Montserrat, Morocco, Netherlands, Netherlands Antilles, Nicaragua, Norway, Pakistan, Peru, Poland, Portugal, Romania, St. Kitts and Nevis, St. Lucia, St. Maarten, Singapore, South Africa, South Korea, Spain (non-citizen residents only), Suriname, Sweden, Switzerland, Taiwan, Trinidad, Tobago, Turkey, Turks & Caicos, Ukraine, United, Arab Emirates, United Kingdom and Venezuela.
Countries that are not eligible
Due to insurance regulations in certain countries, the following countries may prevent residents from buying life insurance outside the country they live*: Argentina, Croatia, Canadian Provinces of Alberta, British Columbia and Manitoba, Hungary, India, France, Greece, Japan, Panama, Poland, Switzerland, Uruguay, and Venezuela.
*However, if you are not a permanent, full time resident of one of these countries the life insurance company will take certain information into consideration when determining residency status. The professionals at TermLife2Go will ask you the appropriate questions to determine your eligibility.
