Term Life Insurance for TN Visa Holders in the US (See The Top Companies)

For TN visa holders working in the U.S., securing financial protection for your family can be challenging yet essential. Term life insurance provides an affordable way to ensure that your loved ones are financially protected, no matter where your career may lead. However, navigating life insurance options as a non-permanent resident requires understanding eligibility factors, such as your visa status, U.S. residency, and specific insurer requirements.

This guide explains the key aspects of term life insurance for TN visa holders, including what coverage entails, how it can benefit you and your family, and how to select a policy that meets your unique needs. Whether you’re new to the U.S. or have been here for years, understanding your options can empower you to make the best financial decisions for your future.

Here is what we will cover in this article:

Why term life insurance makes sense for TN visa holders

What are the eligibility criteria to secure coverage?

We will list 6 carriers that offer term life insurance for visa holders (and give you our Top 3)

Answer some of the FAQs about term life insurance visa holders have asked us

What are the steps to get life insurance?

If you have any questions or would like us to take a look at your personal circumstances, simply reach out to us. Our goal is to guide you and present you with your options.

Why Term Life Insurance Makes Sense for TN Visa Holders

What is term life insurance?

We felt it was important to start here. Term life is a type of insurance that offers temporary life insurance. It is affordable and allows to secure larger death benefits. The biggest drawbacks of term life insurance are that it can expire and that it does not build any cash value, unlike permanent life insurance plans.

Why is term life often a preferred option for temporary visa holders?

Many visa holders are drawn to term insurance because it provides them with temporary protection. For via holders, they may only need the coverage for a set period while living in the U.S. 

• Term life insurance is affordable, temporary, and provides straight-forward protection. 

• Should a visa holder decide to stay in the US, he or she could keep the plan, convert it into permanent insurance, or even upgrade it based on the needs at that time.

• On the other hand, if the visa expires and the insured returns to his or her country of origin, the plan is portable, and with most companies, coverage can apply worldwide.

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Key Considerations for TN Visa Holders Purchasing Term Life Insurance

Generally, companies are looking at the following criteria when underwriting your application:

Length of stay in the US—how long have you been living in the US? Generally, the longer you have been living in the U.S., the better the outcome would be. With some companies, you would need to be physically in the US for 3+ years to offer you life insurance.

However, we were able to secure contract with companies that can approve your application only after 1 year of US residency

Do you have an SSN/ITIN and a US bank account? TN is a type of visa that allows you to work legally in the US. Companies use the annual income you earn as a measure to calculate the maximum coverage available to you.

Have financial ties to the US—why a US life insurance plan makes sense from a financial point of view. Typically, residency in the US with an employment will suffice for this requirement.

We have created a separete guide where we offer more in-depth reveiw of teh requirements to get life insurace as a TN visa holder.

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Top Companies Term Life Insurance for TN Visa Holders

While not every life insurance carrier provides options for TN visa holders, several companies do offer term policies tailored for non-U.S. citizens. Below is a list of these carriers, highlighting their main features, eligibility requirements, and the types of clients they best serve.

Carrier	Features	Requirements	Best For
Corebridge Financial	Competitive rates, possible living benefits	Medical exam required for all visa holders	TN visa holders seeking reliable coverage
Prudential	Global-friendly term-coverage option	12+ months U.S. residency, medical exam needed	Those residing long-term in the U.S.
National Life Group	Lenient residency requirements, living benefits	Medical exam maybe waived	Visa holders looking for convenience and features
Protective	Budget-friendly, term and lifelong options	Medical exam required	Price-sensitive TN visa holders
North American	Lifelong coverage options	3+ years U.S. residency, medical exam required	Extended-stay visa holders
Ameritas	Term with living benefits	High-income requirement, medical exam needed	High-income visa holders with U.S. assets

Detailed Overview of Top 3 Carriers

1. Corebridge Financial (formerly AIG)
   Corebridge offers competitive rates and the option of term life with living benefits, a unique perk among providers. They require a medical exam for all non-U.S. citizens but are a well-established provider, making them an excellent choice for TN visa holders looking for comprehensive coverage.
2. Prudential
   Known for being “global citizen”-friendly, Prudential provides term life insurance to visa holders who have been in the U.S. for at least 12 months. While they do not offer living benefits, their global reputation and straightforward term policies make them appealing to TN visa holders planning a long-term U.S. stay.
3. National Life Group (NLG)
   With one of the most lenient underwriting standards, NLG does not require a medical exam and includes living benefits in their term policies, making them an ideal choice for TN visa holders seeking flexible, hassle-free coverage.

Each of these carriers provides unique advantages, depending on your specific needs. It’s advisable to consult with an experienced agent to review each option and ensure you’re selecting the most appropriate and cost-effective coverage.

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Common FAQs about Term Life Insurance for TN Visa Holders

Can TN visa holders get life insurance without a U.S. green card?

Yes, having a green card is not a prerequisite for all insurance companies to offer life insurance to visa holders. There are companies that can offer term life insurance for TN visa holders.

What happens to the policy if the visa holder returns to Canada or Mexico?

Most life insurance plans are designed to cover you worldwide. If you return to Canada or Mexico after a policy is in force, you have the following options:

• Cancel the plan
• Keep  the insurance (you would need to maintain a US address and a US bank account)

Keep in mind:

If you have plans to travel or live outside of the US in the next 2 years, you must disclose that on the application. 

We’ve covered in detail: will my life insurance cover me if I die abroad, as well as what are the steps of claiming a death benefit if foreign death.

Are TN visa holders eligible for life insurance riders like living benefits?

Yes, TN visa holders can be eligible for life insurance with living benefits. There are carriers that can offer these riders and allow the owner to use the policy while still alive. Here is more information on what the living benefits of life insurance are  and how they can help visa holders. 

These are just 3 of the most common questions we’ve received when working with TN visa holders. For a full list of questions, you can review the guide on most common questions for visa holders. 

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What are the steps to get term life insurance for TN visa holders?

Reach out to an agency specializing in life insurance for foreign nationals. Not all life insurance companies are the same when it comes to underwriting non-US citizens. It is important to apply with a carrier that can offer the easiest approval process and the best option.

Consider your needs 

This step is very important. Tailored life insurance can not only save you money, but it can truly be beneficial for your family. In some instances, clients may only need short-term temporary insurance, and a 10-year term makes the most sense.

Review the available companies that can offer coverage

During this step, the agent will advise you of your options and go over the application process of each company and how it is different than the next.

Some carriers will require a medical exam for all visa holders. This is simply an additional step that you would have to take to secure a policy. Please note that the company and we will help you schedule the appointment at the nearest lab. The carrier will cover the cost of the exam, and you will receive a copy of the results.

For your privacy, the agent will not get a copy of the labs, just you and the carrier. Please note that there are some no-exam options for visa holders.

Apply and secure the coverage that is best suited for your needs

There is no fee to apply, and you will be asked to make a payment after the application has been approved to place in force.

Tip:

Before finalizing the policy and signing on the policy delivery documents, take a moment to review the exclusion section for the company. You can go through all pages, look through the Table of Contents, or even search with Ctrl+F “Exclusions” if your policy is delivered electronically. 

Bonus Tip:

Some of our clients have asked us to apply with multiple carriers at the same time. While this is absolutely your option (as long as you disclose to carriers that you are applying), we have a better recommendation.

We advise our clients to apply with the company that they would like to get a policy from most. If for some reason we do not have a favorable approval or the application is declined, we can review and move the application to another carrier.

Why do we think this is a better option? Simply because you would not have your personal information “floating” amongst multiple carriers if not absolutely necessary. 

You can review our detailed guide on the step-by-step process of applying as a visa holder.

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Conclusion

Term life insurance is possible for TN visa holders, as long as they apply with the right company. Having term insurance could be very beneficial since it offers temporary protection and is an affordable and straight-forward product. It offers the simplicity and the option to cancel should your plans change. It is important however to consider any international tax implications.

If you want to explore your options for term life insurance, simply reach out to us. We have been helping thousands of families navigate the world of insurance in the US with tailored solutions and ZERO sales pressure. 

We hope you find this helflul and are looking forward to working with you.