Why would I need life insurance ?
The reasons are varied and many. Having a life insurance policy allows for a level of financial security and peace of mind that nothing else can provide.
Do you have a mortgage ? Most will have a mortgage for up to 30 years. What if you die tomorrow? You will leave the large debt with your spouse and/or children ! Children planning on going to College ? How will your spouse maintain the level of comfort and lifestyle accustomed to once you're no longer around (failure to survive) to provide income ? What if both you and your spouse passed along and left your children with a large sum of property, assets, etc ? The government wants their take (called Estate or Death Taxes!). Without an insurance policy to cover this estate tax, your children may unwillingly have to sell all those assets just to cover the tax bills.
What if you are in a business relationship and your partner, a key person to the success of the business, dies ? How do you replace that person with someone that can continue to grow the business or risk going out of business because of losing that persons expertise ? Key Person life insurance!
These are all very real scenarios that affect most everyone in todays society. A sound financial plan revolves around having adequate amounts and the right type of life insurance. eGlobalHealth Insurers Agency offers such programs to meet these needs and we focus on those especially tough cases that other traditional carriers will not or simply cannot offer coverage. All plans underwritten by certain underwriters at Lloyds.
AFGHANISTAN, ALGERIA, ANGOLA, AZERBAIJAN, BURUNDI, CENTRAL AFRICAN REPUBLIC, CHAD, COLOMBIA, CONGO REPUBLIC, COTE D'IVOIRE (IVORY COAST), DEMOCRATIC REPUBLIC OF CONGO, EGYPT, ERITREA, ETHIOPIA, GEORGIA (FORMER USSR), GUATEMALA, GUINEA, HAITI, INDONESIA, IRAN, IRAQ (incl. KURDISTAN), ISRAEL, WEST BANK (ISRAEL), GAZA STRIP (ISRAEL), JAMMU (INDIA), JORDAN, KASHMIR (INDIA), KENYA, KOSOVO, KUWAIT, KRYGISTAN, LEBANON, LIBERIA, LIBYA, MADAGASCAR, MALAYSIA, MOROCCO, NEPAL, NIGERIA, PAKISTAN, PHILIPPINES, QATAR, RUSSIA, RUSSIA -CHECHNYA, RWANDA, SAUDI ARABIA, SENEGAL, SIERRA LEONE, SOMALIA, SRI LANKA-NORTH & EASTERN PROVINCES, SUDAN, SYRIA, TAJIKISTAN, THAILAND, TOGO, TURKEY, UGANDA, UZBEKISTAN, VENEZUELA, YEMEN, ZIMBABWE
As one might expect there are a great deal of politics involved in the international market of term life insurance. Countries try to protect their own insurance industries with trade barriers. As with most laws they are intended to protect the majority. This usually is a good thing, but for a minority of people who get caught in the gray area of the law, it can be rather trying.
The businessman from the United States who works the majority of the time in Peru, as an example. The U.S. life insurance companies do not want to insure him since he is out of the U.S. so frequently. The Peruvian insurance companies will not consider him since he is a U.S. citizen. Both the U.S. and Peruvian governments prohibit the exportation of insurance.
The only legal way around this frustrating situation is to use a truly international life product. Our international products have certain countries, which recognize this problem and allow a receptive entrance into their country. The accommodation address is used only for the legality of booking the risk. The address has nothing to do with the situs of the risk, or the billing address for the policy. It is purely for the purpose of satisfying the regulators.
In order for us to accept an International Term Life application we must have an address from one of the following countries. This address can be that of a friend, relative, business associate, or a regional office of the employer. The only requirement is that it is a legitimate address.
Countries from which addresses are acceptable (subject to change without notice):
Antigua, Austria, Bahamas, Belgium, Bermuda, British Virgin Islands (BVI), Bulgaria, Cayman Islands, Czech Republic, Cyprus, Denmark, Estonia, Falkland Islands, Finland, France, French Guiana, French Polynesia, Germany, Gibraltar, Greece, Grenada, Guadeloupe, Guernsey, Hong Kong, Hungary, Iceland, Ireland, Isle of Man, Israel, Italy, Jamaica, Jersey, Latvia, Liechtenstein, Lithuania, Luxembourg, Malawi, Martinique, Mauritius, Monaco, Netherlands, New Caledonia, Poland, Portugal, Reunion, Romania, Saint Barthelemey, Saint Martin, Slovakia, Slovenia, Spain, St. Vincent, Sweden, United Kingdom, Vanuatu, Zimbabwe