Quick insurance quote. Is International Life Insurance in Vietnam Right for me

What are the risks of living in Southeast Asia that would lead someone to take out a life insurance plan?

Likely the first thing that pops into your mind is the traffic & the risk during your daily commute on a motorbike. That is a risk of living here and it’s likely you have seen a traffic fatality story making the rounds on social media. International life insurance.

However, that is usually not a main motivation to buy l life insurance. Usually, what drives people to buy international life insurance is something more personal & deeper.

Is life insurance right for you? That depends, but you should have a serious think about international life insurance if you tick one or more of these boxes:

1) You have Dependents

If you have someone who relies on your income for their well being, then you are a candidate for life insurance. If you were to unexpectedly pass, what would happen to your family? What changes would they have to make in their life regarding:

Your children’s current & future educational prospects

Those are usually the big three things people would think about first when purchasing expat life insurance.

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2) Only Income Generator

There are many situations where someone is the sole income generator in a household, regardless if that’s a more temporary or more permanent situation For example, if your partner:

Just had a baby & is on maternity leave

Does not work & stays at home to take care of the household and/or kids

In all of these situations, there is immediate risk of not having a life insurance plan in place. That risk is elevated if your partner does not work & stays at home to take care of the house & children.

3) Income Discrepancy

Even if both you & your partner have full-time jobs, that certainly does not mean you both bring the same amount of income to your household. Many expats in Southeast Asia may be married to a local citizen where there may be a large income discrepancy between the two salaries. In that case, it’s likely that the largest income would also be responsible for the bulk, if not all of the expenses.

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4) No other Coverage

Some companies may have a small accidental death benefit as part of their employee benefits scheme, but very few expats are offered a proper life insurance as part of their contract.

The accidental death benefit usually offers too low of a benefit and only covers sudden accidents, usually with very specific qualifying criteria.

So if you have no other form of life coverage & you fall into one of the first three categories, then schedule a consultation with one of our advisers today to learn more about the options available to you.

Get in touch

If you would like to have a confidential conversation with a Tenzing Pacific Insurance adviser about Life Insurance, contact us today to:

Understand how much benefit you need

Axa life insurance

Discuss options available to you

Find the best plan for your needs

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Posted by at 11:18PM

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