Some term plans allow you to convert to the more expensive Whole Life and Universal Life plans, which allow you to have coverage for life at an unchanged premium. If you live in a dangerous country or engage in a risky occupation, your premium will be increased or you may not be able to get coverage. Make sure your insurance is with a reputable company and that you can keep the coverage if you return home. Expat Financial offers international life insurance to expatriates around the world from several different carriers. Finally, it is important to protect your most valuable asset, your ability to earn an income.
Disability insurance is the most difficult to underwrite because it is also quite expensive.
Only white-collar occupations are covered. For many expatriates, their employer plans may be their only option. Make sure that your plan covers both accident and sickness. In searching for the right plan, the Internet is the first and easiest way to obtain information on the plans and carriers available. You can also ask your fellow expatriates.