Are you a world traveler who is looking to purchase life
insurance? There are a few things to
note in regards to underwriting foreign travel.
In short, “underwriting” is the process in which the life insurance
company reviews your application to determine how much life insurance and at
what price you can be approved for.
These numbers are configured based on previously set guidelines that
determine how high of a risk you are to insure.
The destination country can significantly impact your life
insurance rates, and traveling to certain countries may even deem you
uninsurable. The life insurance
companies typically place countries into one of three categories:
Acceptable for Travel
Acceptable for Travel (but with limited coverage amounts if
traveling a certain amount – typically 3-6 months)
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