Can non-US citizens buy life insurance?

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Asked March 26, 2012

1 Answer


Life insurance, unlike other types of insurance, is not dependent on the country you are a citizen of to determine whether or not insurance is available. And because life insurance follows the insured person in their daily lives, a policy must be able to travel with you, even if you live abroad. Only in "hot zones", where the mortality rate is higher than normal or unrest could escalate into mortalities overnight is it hard to get life insurance and even those places have coverage available if you are willing to pay the premiums or search for a suitable insurer.

For example, it might be difficult to find an insurance company to provide life insurance for someone living in Iraq or Israel, and in some locations the risk of death may be too high for any but the highest risk insurers to take on the challenge. Life insurance is still available, but it much more difficult to find.

The United States has one of the lowest risks of any country for life insurance, which translates into paying lower premiums, but a person in Australia or Japan has as much use for coverage. Many life insurance companies have subsidiary companies in other countries, and others originated in those countries. There is nothing that gives the United States a monopoly on life insurance or even makes life insurance more profitable for the company which sells from the U.S. It is even possible to pick up reasonably priced life insurance in countries suffering from unrest if the person being insured does not live in or travel to the zones where life insurance risk are extremely elevated.

Answered March 26, 2012 by Anonymous

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