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Life Insurance for U.S. Foreign Nationals

Written By Doug Mitchell

Doug Mitchell, CLU holds a BA degree in Finance from Auburn University as well as having obtained a Chartered Life Underwriter (CLU) designation from The American College in Bryn Mahr, PA.  Doug has spent close to 30 years in the insurance and financial planning industry and has held licenses to sell securities, long-term care insurance, health.  Doug is also a financial blogger addressing the topics of life insurance, annuities and retirement income planning.

Holly Mitchell  &

Holly Mitchell’s background in life insurance insurance goes back to 1985 when she worked for her father who was a New York Life agent. Holly has a marketing degree from Auburn University and has had a life insurance license since 2008. In addition to advising life insurance for customers all around the country, Holly is our website fact checker.

Rob Pinner   &

Rob Pinner is the founder and CEO of Pinner Financial Services servicing all 50 states. Rob started his insurance career in 2002.

Louis LaBash

Results-driven and innovative life insurance professional with 30 plus years of life insurance industry sales and marketing experience. Recognized as a pioneer in the field, leveraging phone and internet channels to exceed personal sales of over $100 million during the first decade of the 21st century. Creator of a highly effective intuitive IUL life insurance sales software that facilitated the sale of millions of dollars of indexed universal policies by numerous life insurance agents. Proven track record as a Managing General Agent (MGA), Life Agent, IUL Life Insurance Sales Software developer, and leading-edge creator of insurance marketing tools, educational content, and delivery systems.

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There are, of course, a myriad of reasons that lead U.S. citizens to live abroad for either a temporary or long-term period.

Work can take U.S. foreign nationals all over the world where they’re required to live in locales beyond U.S. borders.

Pursuing educational goals, taking a sabbatical, or simply choosing to reside in a far-flung location for personal reasons are also reasons that lead citizens to hang their hats for extended periods in foreign countries.

Foreign Nationals Life Insurance

While residing in other nations, however, many foreign nationals still return to visit the U.S. And they often wish to obtain life insurance from a U.S. based insurer.

In this article, I’ll cover options for U.S citizens living abroad in obtaining life insurance, and how we can help.

Foreign Nationals Life Insurance, A Question of Trust

Foreign nationals are no less American simply because they live abroad. As citizens, it’s only natural that you would want to conduct essential business with only U.S. based companies. A concept of foreign language studying process. A foreseen of the brunette girl surrounded by icons of european flags. Green chalkboard background.

You might only return to the U.S. for a few days or weeks each year. Even still, a preference to obtain life insurance from a U.S. insurance provider is perfectly understandable.

Living as a foreigner in another country, you may face unique obstacles when it comes to obtaining a foreign policy in another nation.

Moreover, the element of trust is vital. Frankly speaking, U.S. insurers have built reputations for trust and for honoring the terms of their policies.

This may not be the case in many nations. And finding a quality insurance agent can be fraught with difficulties and pitfalls.

Moreover, no matter where one lives, a life insurance policy is important for protecting the interests of one’s family. Consequently, no matter where one travels to live on the planet, obtaining coverage is a priority in order to have peace of mind.

The Dilemma of Life Insurance for Foreign Nationals

Unfortunately, there are various U.S. life insurance providers who do not care to insure foreign nationals. This makes finding a top-notch provider a bit of a challenge. But it is one that must be faced in order to get a sound policy from a reputable insurer.

Fortunately, there are insurance providers that do offer excellent life insurance policies for those living abroad. Some companies have developed foreign national life insurance programs designed to provide this coverage.

Each insurance carrier is likely to have its own criteria for providing coverage. But there are some general similarities among those who offer foreign nationals insurance coverage.

Life Insurance for Foreign Nationals

As with any typical life insurance policy, an application will be assessed for risk. Age, family history, lifestyle, and health profile will be examined to determine their type of coverage you may qualify for. A health rating will also be given, such as a preferred or standard rate of coverage.

For foreign nationals, your nation of residence plays a crucial role in determining the type of coverage you can receive. Or if you can be covered at all.

For instance, while an applicant living in Mexico City may be covered, one that lives in a northern Mexican state bordering the U.S. may not be. This is due to the increased safety risks of that part of the country.

Insurance companies that offer life insurance coverage to foreign nationals generally divide the countries into two tiers. U.S. citizens who live in tier A countries may qualify for a preferred policy if they meet other criteria for this coverage.

People living in tier B, on the other hand, can expect to pay a standard rate. Even if they otherwise qualify for the preferred coverage. This is simply because more risks are associated with that nation or region of a country.

Risky Locales

Insurers can be very specific when it comes to applicants and their specific residences. Living in high-risk regions will simply disqualify an applicant from getting coverage. Living in a nation like Afghanistan or Pakistan isn’t going to qualify for coverage even at the standard rate.

In some cases, like Ecuador, a foreign national might only obtain coverage if they live in the capital. Your provider will be able to explain why certain regions will bar you from coverage.

In some cases, there’ll be little doubt as to why the location doesn’t make the approved list but always speak with us if you have been previously declined for life insurance.

Life Insurance-Friendly Nations

Living in many nations, of course, does not increase one’s risk and obtaining a good life insurance policy is quite possible. Countries like the United Kingdom, France, and Australia are locations that carry that preferred rate.

Again, some countries may qualify an applicant for preferred coverage but only if the applicant resides in a specified region of the country. For instance, living in Israel is associated with preferred coverage, but not if the residence is in a riskier region like Gaza or the West Bank.

Finding an Insurer that Covers Foreign Nationals

The soundest way to obtain a life insurance policy if you are a foreign national is to talk to an independent agency (like ours) who already knows which companies will provide the coverage plan you are looking for.

Since most insurers will expect you to apply for and sign paperwork while in the U.S, working with an independent agent can streamline this process. In addition, your independent agent can help you find the companies that offer the most competitive rates yet are still reputable throughout the industry.

You’ll find that obtaining coverage through us – an independent agency that specializes in helping foreign nationals is the best way to getting the coverage you need at a fair price.

If you are currently overseas you can fill out the quote form on this page to let us know details of the country you live in and you can provide a SKYPE or email address to contact you through.

We also have a live chat feature on our website, or you can call us at 800-712-8519 to speak to us about getting life insurance as a U.S Foreign National.

Picture of Doug Mitchell, CLU

Doug Mitchell, CLU

Doug Mitchell, CLU holds a BA degree in Finance from Auburn University as well as having obtained a Chartered Life Underwriter (CLU) designation from The American College in Bryn Mahr, PA. Doug has spent close to 30 years in the life insurance and financial planning industry and has held licenses to sell securities, long-term care insurance, health. Some other notable items about Doug: Top of the Table Million Dollar Round Table member (MDRT). (MDRT is a global, independent association of the world’s leading life insurance advisors) | Premier Partner with Lincoln Financial and Cabinet Member | Served two years as President of the Auburn/Opelika Association of Financial Advisors | Life Millionaire status at Horace Mann Insurance Company and was awarded the Life Agent of the Year Award | New York Life, Executive Council Member | Currently serves as President of Ogletree Financial, a life insurance General Agency. | Doug is also a financial blogger addressing the topics of life insurance, annuities and retirement income planning.

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