Life insurance can financially protect your loved ones when you pass away. But what if you—the policyholder—die while you're out of the country? In most instances, life insurance will provide a payout if the policyholder dies overseas. However, that might not always be the case. For example, your destination might matter when your life insurance company is deciding whether to pay out. After all, climbing Mount Everest will be treated very differently than a business meeting in Canada. When Does Life Insurance Pay Out When You Die Overseas? A payout is often, but not always, approved for beneficiaries if the policyholder dies while out of the country. Some insurers might require...
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Discover our health insurance policies specifically designed for expats in Italy Foyer Global Health covers expats’ health in Italy who are seeking for a private health insurance solution tailored to their needs. Leaving everything behind to live on fresh water and sunshine in Italy is the dream of every expatriate looking for a better quality of life. Italy shines with its gastronomy, culture and history, which is why the Peninsula is naturally one of the most popular European destinations, along with Spain. A successful expatriation to Italy requires an understanding of its healthcare system to determine if you will benefit from sufficient health coverage. Find out with Foyer Global...
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Impact of cross-border mobility on the life-insurance contract portability. In 2019, according to United Nations Statistics, 272 million people lived in countries where they were not born. International families are multiplying and are facing cross-border legal issues. PORTABILITY OF THE LIFE INSURANCE CONTRACT: ORIGIN OF, AND CHANGES TO, THE PRINCIPLE OF FREE MOVEMENT Europe through various treaties (Treaty of Rome, 1957; Treaty of Lisbon 1992, Schengen area agreement in 1995...) allowed the European citizens to move freely among the European Member states. The free movement of persons is now firmly established in mentalities and organisations have been set up to facilitate such moves....
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Do you have a client who has or stands to benefit from an unclaimed life insurance policy with links to France? On 1 January 2016, a new law came into effect in France which changes what happens to the money insurers should pay out for life insurance policies but which has not been claimed by the policyholder or any beneficiaries for at least ten years. This law will impact all policies Prudential International have sold in France. If you have a client with a policy which expired more than ten years ago or who stands to benefit from a policy which covered someone who died at least ten years ago, but they haven’t yet claimed the amounts due under the policy, they could be affected. New law...
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Why I’m interested in International Life Insurance Why do I love helping people with international life insurance? I have been interested in cultures and languages since high school when I first started studying Spanish. In college, I minored in Spanish, and studied in Madrid, Spain for a semester. I obtained my Master’s from Johns Hopkins School of Advanced International Studies, which included the first year of studies in Bologna, Italy where I learned to speak Italian. When I completed my MA in International Relations, I went to work in Switzerland to be with my (now) husband. I worked in Geneva, and spent the days speaking French with my clients while working at Credit Suisse....
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You may think your life insurer does not need to know where you travel to and for how long. However, that is not the case. Your life insurance provider is very interested in learning about your travel plans, as your insurer uses this information to decide your eligibility and health classification. Continue reading to find how international travel outside Canada affects your life insurance policy. Why is life insurance necessary during travel? Are you planning to go on a big trip soon, and you have heard travel insurance can help you protect it? Yes, it can. But there are a couple of questions that still need to be answered: What does international travel insurance in Canada actually cover...
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ZURICH, Jan. 4, 2022 / PRNewswire / -- Chubb Limited (NYSE: CB) today announced that Bryce Johns will be appointed Senior Vice President, Chubb Group and President of Chubb Life. He will join the company from HSBC, where he served most recently as Global CEO of HSBC Life and Insurance Partnerships. In his new role, which becomes effective in April, Mr. Johns will have executive responsibility for Chubb's international life insurance business, which is primarily Asia -focused with operations in key markets in North and Southeast Asia, including China through Huatai Life, as well as in Latin America and the Middle East. Mr. Johns succeeds Russell Bundschuh, who is leaving the company in...
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Can we help? Our plans & benefits Our global life insurance provides affordable life insurance to safeguard you and your family while you’re in Dubai or abroad. What’s more, you can choose to add accident benefit for extra peace of mind, should you wish. The prices below are illustrative of our rates for individuals. Cover is also available for companies with three or more employees. To discuss a life plan group policy, please call and speak to our dedicated group team today. Global Life Plan Insure up to 20x your salary up to US$2,000,000 (limited to 5 x for group policies) Portable worldwide coverage (with the exception of excluded countries) Cover available for customers...
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Philippines International Life Insurance Company Inc. offers the best kind of Insurance protection for your particular need. For sixty-five (65) years, PhilinterLife has emerged and succeeded as one of the top insurance companies in the industry with a vertical record of exemplary service and dedication to thousands of Policy holders, private and public school teachers, organizations and corporate clientele. PhilinterLife's strength comes from the exemplary and dynamic leadership of its management and high valued services provided by its pragmatic workforce for and good quality and prompt service to all of its clientele. Mission To establish a wide range of insurance products and programs...
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Both individuals and organisations can benefit from financial protection through the implementation of life insurance policies. Such policies pay out to beneficiaries at the insured’s death in order to settle inheritance taxes and provide family survivor benefits. Succession planning and business protection can be enhanced through the use of Key Person insurance, Relevant Life Cover, Shareholder Protection or Buy and Sell Agreements. For high and ultra-high net worth international families and organisations, asset accumulation often occurs across multiple countries. Based in London, Vie International provides an independent view of the global life insurance marketplace, with its unique...
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