Can I buy life insurance if I’m not a U.S. citizen and don’t live in the United States?
YES, you can, in most countries. There are some obvious countries that life insurance companies would be weary of in the Middle East, but even there, you can get insurance depending on where you live.
What is a Non-U.S. Resident?
Per Prudential’s “Non-U.S. Resident Highlighter”, a Non-U.S. resident is defined as: Individuals who do not have a full-time permanent U.S. residence or reside outside of the U.S. for 3 months or more annually. Citizenship is not a determining factor in defining a Non-U.S. Resident.
For underwriting purposes, a non-U.S. Resident is defined as an individual who:
- spends more than 3 months a year outside of the United States
- visits the U.S. for business or pleasure but maintains permanent residence outside of the U.S. An example may be a U.S. citizen, who has moved to Germany but returns to the U.S. periodically to visit family.
- is expected to reside in the U.S. on a temporary basis. An example may be an exchange student or individual here for business or professional or educational training.
- resides in the U.S. on a part-time basis only. An example may be a Swedish citizen who owns a home in Sweden and lives in the U.S. for 3 months a year for business purposes.
- spends more than 3 months a year outside of the United States
- visits the U.S. for business or pleasure but maintains permanent residence outside of the U.S. An example may be a U.S. citizen, who has moved to Germany but returns to the U.S. periodically to visit family.
- is expected to reside in the U.S. on a temporary basis. An example may be an exchange student or individual here for business or professional or educational training.
- resides in the U.S. on a part-time basis only. An example may be a Swedish citizen who owns a home in Sweden and lives in the U.S. for 3 months a year for business purposes.
The only requirement to buy life insurance or funeral insurance http://www.mintcofinancial.com/quotes/final-expense-life-insurance-quote/ in the U.S. is that the applicant must be in the U.S. to take the application and medical exam. It’s okay if you’re a foreign national and just here on vacation, but these things must be done here in the states. Most insurance companies require you purchase a minimum of $250,000 of coverage, but all policy options are available to you, including term life insurance, universal life, or whole life insurance.
Countries whose Residents we Can’t Help:
Please note there are some countries who prevent their citizens from purchasing life insurance outside of their country of residents. These include, but are not limited to: Argentina, Belgium, France, Greece, Japan, Panama, Poland, Switzerland, Uruguay, and Venezuela. However, if you aren’t a citizen, but not a full-time resident of one of these countries, it may still be possible to purchase U.S. life insurance.
In some other countries, there are either legal or government restrictions preventing us from selling life insurance to their residents, or the risk is simply too high in the country to offer life insurance, which are: Afghanistan, Burma, Cambodia, Cuba, Haiti, Iran, Lebanon, North Korea, and Sudan. If you are a resident of most other countries, and you are willing to visit the U.S. for the application, exam, and also be here for the delivery of the policy, then we can probably find you a policy. Call us at 813-964-7100 with the details of your case.
Visit our website: http://www.mintcofinancial.com/quotes/final-expense-life-insurance-quote/
Or call us at 813-964-7100
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