by Guest » Wed May 27, 2009 05:05 am
Can I open a Term Life Insurance in Canada, USA, or EU not being a citizen of these countries and whether there are some companies, a solid/good ones that can provide this kind of service for non-resident?
thanks
thanks
Posted: Wed May 27, 2009 08:52 am Post Subject:
Why do you want to purchase life policies in multiple nations without being a resident in any of these? :?
Please show me if I've missed any point.
Posted: Wed May 27, 2009 01:08 pm Post Subject:
Hello Avia....like Jeremy I don't quite understand why you would need life insurance in multiple countries, but regardless there are companies that provide international insurance.
MNU(Multinational Underwriters Inc.) is one of them. It is designed for people that do a lot of relocating or international students. On their site it seems that the life insurance (100k) is attached to the health insurance they offer. But another site for international students and travelers seems to suggest that their is a separate life insurance plan. Go there and and have a quote done and maybe you can get more info
This is actually interesting timing for me as my oldest will be going to college in England next year and the whole insurance aspect of that had not even occurred to me.
Hope this helps. P$C
Posted: Thu May 28, 2009 04:56 am Post Subject:
Hi picklesandchampagne,
Does the MNU aim to serve specific groups? Or is it available to all travelers?
From your words it seemed as if they're up-selling life policies.
Steven
Posted: Thu May 28, 2009 05:21 am Post Subject:
Great info Pickle :)
However what worried me is that the OP is particularly asking for term life policies. The OP hasn't mentioned whether he is relocating or going to work in those places. I think until we know more about his objective we can't really comment on this issue. What do you say?
~Jeremy
Posted: Thu May 28, 2009 02:56 pm Post Subject:
It would seem that they offer it to all travelers. ANd they mention on the auxiliary site that term life insurance is available separately. Here is the link...
http://www.buyamericaninsurance.com/mnui/ictermlife/brochure.jsp
Yeh...the specific needs would help in doing the research. So what is your situation Avia?
Posted: Fri May 29, 2009 04:03 am Post Subject:
Pickle, I think MNU would offer policies only to people of US if they are travelling abroad. However, I doubt that our OP is an American citizen since he has also inquired about policies in USA. Are MNU policies available to travellers of other countries too?
Posted: Sat May 30, 2009 10:21 am Post Subject:
Hi picklesandchampagne,
ANd they mention on the auxiliary site that term life insurance is available separately. Here is the link...
Please go through the Terminal illness policy option in the link and see if you can explain it to me.
Does it mean that half of the policy limit will be paid when the insured is diagnosed and the remaining half of the limit will be paid when the insured has 12 months or less to live?
Steven
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