Life insurance for undocumented immigrants

palm threes with text life insurance for undocumented immigrants

Are you or someone you know living in the US without a valid visa? Have you tried to secure life insurance for undocumented immigrants? It used to be nearly impossible. Not any more. There are options to get a solid life insurance policy for someone without papers. In this guide, we would list why, how to get it, and how much coverage is available.

If you have a specific question and want to see if these options would work for you, just reach out to us. We specialize in securing life insurance for foreign nationals. Our agents will take the time to understand your needs, determine what you qualify for and help you secure the best option.

Let’s go straight to it. Here is what we will cover in this post:

Why is important for immigrants to have life insurance

There could be many individual reasons why you might be looking into securing a policy, but it all comes down to protecting your loved ones. Let’s face it, life in the US is not cheap, and dying here is expensive. Life insurance is the most financially economical way to ensure that your family would be financially taken care of should something happen to you.

We’ve dedicated an entire topic on why immigrants need life insurance.Here are just some of the expenses they will have to face if you pass away:

Arranging your funeral – this is the very first bill, they will have to cover. Based on your wishes, they will have to either cremate, bury you or ship your body to your home country. Regardless of the route, they will go, the bill could be anywhere from $2,000 to more than $20,000.

Taking time to adjust – people often forget about grieve. The ugly reality is that you need money to afford to grieve. Think about it for a second. Can your spouse not work for a month to be able to pull herself or himself together should something happen to you? What about your parents, or kids? 

Living expenses – unfortunately, life will not stop because you were gone. You family would still have to put gas into their cars, food on the table and pay for a roof over their heads.

Life insurance can help with all of that. It gives us the peace of mind that our families would have the means to take a moment and cope with the pain.

How much life insurance you can get

We would not sugar coat it. When it comes to life insurance for undocumented immigrants, you are very limited to the amount of coverage you can get and the number of companies you can apply with. Many companies would not approve a life insurance application if you don’t have a valid visa or immigration status.

The companies we work with approve you up to $100,000 on their term products,  guaranteed universal life and up to $50,000 if you are interested in Indexed Universal Life.

Just to explain a little more:

Term insurance is a type of policy that has an expiration date. It will cover you for up to 10, 20 or 30 years. Should you pass away during this time, your family will receive a lump sum check for the policy amount. This type of policy is fairly inexpensive and does NOT build cash value.

Guaranteed Universal life – it provides lifelong coverage. This option provides you with coverage up to you are 100 or even 121 years old. You will have the peace of mind that you would not outlive our insurance. It builds almost no cash value

Indexed Universal Life – it is a more complex policy. It provides you with lifelong coverage and builds cash value. This is the most expensive option amongst the three.

What companies will look at when reviewing your application

Here is the most important part. This is a list of the things companies will look for when underwriting your application.

Infographic on what you need to secure life insurance for undocumented immigrants

  • You HAVE to be in the US for a minimum of 5 years. The longer, the better. There is not an exception to this. The companies are very strict on that and could deny your application if you don’t meet the requirement
  • Have an ITIN or a Social Security Number

  • Have some income in the US

  • Country of origin – there are counties who pose higher risk or some will flat out not allow their residents to secure a policy outside of the home country. Please reach out to us and we would verify your eligibility. The list of eligible countries changes on a regular basis and we want to make sure we will provide you with the most up to date information.
  • Health and lifestyle – companies will ask questions about your health, past medical history and lifestyle. Examples of lifestyle questions can be driving history, felony convictions, bankruptcies and etc.

Life Insurance caution sign

Please be honest and upfront with us. We are on your side and want to make sure we find the best carrier for you and get you the coverage you need.

What if you don’t meet some of the requirements

If you haven’t been in the US quite 5 years of yet or you don’t ITIN, we can still help you out. We have another great product, designed to help individuals get the coverage they need. It is called Guaranteed issue life insurance. We’ve dedicated an entire post on how this amazing product works, prices and eligibility. Please check out our guide on the topic.

Your information is kept confidential

We wanted to give you the peace of mind that your information would be kept confidential. You have the security to know that we are looking out for your best interest and trying to find you the coverage you need. The insurance is a heavily-regulated industry with the highest standards and integrity to protect your personal information. We understand and value our client’s privacy.

In conclusion,

You can have the peace of mind of comfort knowing that you can secure a life policy to protect your loved ones, despite your immigration status. We specialize in finding life insurance options for foreign nationals. It will be our pleasure to try to earn your business. Don’t hesitate to give us a call with any questions.

Thank you!