Top 5 Questions about Global Life Insurance

Finally! Global life insurance that you can secure even if you live or are currently outside of the US. Correct! There is a life insurance policy you can purchase while you are abroad.

You may have had to abandon your life insurance policy back home when you went away to study or travel. Wouldn’t hate to think that in case of an emergency, you can’t secure the financial integrity of your family. We’ve researched and found the best global life insurance policy for you.

What we would cover

No need to come to the US 

What company offers the insurance

The process of applying

Available coverage options

Frequently Asked Questions

In this article, we would cover everything you need to know about this option. If however you have any additional questions or would like us to take a look at your personal situation, simply reach out to us. We specialize in life insurance for foreign nationals and would take the time to review your circumstances and offer a solution.

Top 5 questions about global life insurance

Let’s dive into the topic:

No need to come to the US 

This is a big one for many of our clients. There have been many situations where clients are not able to return back to the US to secure a policy and protect their families. This would no longer be an issue. 

With this global life insurance option, this would not be a problem. You can apply and secure coverage practically anywhere. This can be a huge benefit for those who are traveling or living abroad. You would have the peace of mind that your loved ones are protected.

Also, the policy is portable, so you can take it with you if you move. You do not have to worry about changing your carrier or finding a new one that will cover your family in the new location. This is another benefit for those who travel often and for long periods of time.


What companies offer this plan:

We want to point out at the beginning of this blog, that is not a US life insurance carrier. Please note that the only way to secure a US-issued life insurance policy is to be physically in the US. In addition, companies would need to confirm your financial connection to the US: through citizenship, working for a US company, owning property or etc.

We’ve created several guides on finding coverage:

So, who underwrites this policy?

Lloyd’s of London

  • Lloyd’s is the world’s specialist insurance market. 
  •  Ratings: S&P AA+; Fitch AA-; A M Best A

Guardrisk Insurance Company Limited

  • The company holds assets of US $1 billion and has an annual premium income of $700 million
  • Ratings: Fitch AA; GCR AA


  • World’s 4th largest reinsurance company and also the largest life reinsurer in the United States
  • Ratings: A.M. Best rating: A+ stable outlook.


  • General Re, a subsidiary of Berkshire Hathaway Inc.,
  • Ratings: A.M. Best Rating: A.M. Best: A++ (Superior)


The process of applying

Now, when you know a bit more about the plan and the companies offering it, it is time to turn our process on how to apply for and secure global life insurance:

Get a Quote

Simple enough. You can click on the link below and get an instant quote. The software would ask for your country of residence, health, age, and amount of coverage you are looking to secure.

After you selected a plan that fits your budget and needs, you can apply to secure the policy. 

Companies are employing more and more software to help them confirm eligibility. In other words, once you submit your application, the company’s process and the system would recommend the next steps for your application.

It is possible that your application can be approved and issued right away or that the company may require a medical exam. 

Please note, that the company will communicate it with you and advise you of such possible requirements and help you schedule. 

Our advice: please make a decision if you would like to proceed with the application if approved. What we mean by that is that it is possible that the company may pass on the cost of the medical exam back to you, should you decide to withdraw your application.

In our experience, most clients would need to go through underwriting and have a high probability of completing a medical exam. 


Available options for global life insurance

There are several different products you may be eligible to secure. The most common type of global life insurance is term insurance.

Global Term Life Insurance

As you probably know, term insurance has a beginning and a defined end. In other words, you know that if the policy is a 10-year term, for example, the price will be only locked for 10 years. After that, you would need to either secure a new plan or be without life insurance.

The terms available for global life insurance are from 5 years to 30 years. Please note there is a different price for the duration of the policy. Longer-term life insurance will cost more. This is because the company is offering coverage for a longer period of time and there are higher chances of the insured passing.

In addition, you can secure global life insurance for limits starting at $50,000 all the way up to $6.5 million.

One thing to keep in mind is that the policy needs to make financial sense. The company may ask for financial data to justify the amount of insurance. 

Also, what is the reason behind the plan can a make difference as well. If you are planning to use life insurance as a tool for estate planning, make sure that it will cover your family’s needs.  

Global Permanent Insurance

This is another option when it comes to securing life insurance for global citizens. There are several different types of global permanent insurance based on your goal.

The plan can be set up as a lifelong protection


Offers the option to build cash value that could be used in the future.

Please note, that not every option is available in every situation. Therefore, it is important to work with an agency specializing in life insurance for global citizens.

 If you have any questions about your policy or what type of coverage is best suited for your needs, speak with one of our licensed agents today!


Frequently Asked Questions about global life insurance:

Q: Is this a US policy?

A: As we mentioned towards the begging of the article, this is not a US-based policy. The plan is offered by an established insurance carrier and backed by some of the largest reassures in the world. 

Q: What countries are eligible for coverage?

A: Almost all countries can be eligible for residence. Unfortunately, the list of eligible countries is constantly changing; therefore, it is impossible to provide you with a concrete list.

As an example, here are some countries that are NOT eligible for coverage:

North Korea, Yemen, Rowand, Iraq, Lebanon and etc. 

Q: Are there any occupations restriction

A: No, there are no occupation restrictions to apply for coverage

Q: Where can I go to apply for coverage or get a quote?

A: You can review your options and apply for coverage by going to this link:

Q: I am a US citizen, why this coverage would make sense for me?

A: There are instances when you cannot secure US life insurance coverage. We advise our clients to view this as an alternative.

For example, we were working with a chef moving to Laos. He reached out to us to secure life issuance. Unfortunately, Laos is not an approved country of residence and we were not able to offer him any protection. However, he could qualify for this plan.

Another scenario when this insurance makes sense is if you would not be coming to the US in the next 1-2 years or you would be here for a very limited time. This would mean that a US option for coverage would not be available. 


In conclusion,

Regardless of where in the world you may currently live, you still may need life insurance. We are able to offer global life insurance coverage. If you are living outside of the United States, you may still be able to secure a policy. However, there are some unique considerations that need to be made before purchasing coverage. The best way to ensure that you get the protection you need is by contacting one of our agents today. 

Having global life insurance will offer you the peace of mind that your family will be taken care of should the unthinkable happen. 

We hope you find this helpful!

Thank you!