Protecting Your Expatriate Family

Establishing health care may be one of the top priorities if you and your family move overseas.

Services and costs abroad may be very different from what you’re used to. It is important to ensure that you have all the necessary coverage.

You can start with health insurance that covers you and your family. Next, you might want to look into income protection and critical illness insurance. You will have greater security for your family and peace of mind if you have all the necessary insurances.

Peace of mind allows you to enjoy your travels and will allow you to focus on building long-term financial freedom.

Insurance for health

It is important to ensure that your family and you have health insurance when you travel.

You should always ensure that you understand any limitations or restrictions of policies you have been recommended, as well as any excesses you might be responsible for in the event you make a claim.

The standard of medical treatment and the costs associated with them vary widely around the globe. You should research the services available in your country, as well as what your expatriate policy covers. Also, make sure you can always repatriate in an emergency.

Today, there are many companies that offer expatriate health insurance. Each comes with its own features, exclusions, and exceptions.

A financial advisor is a good choice to discuss your options based on your needs and the needs of your family.

Are you willing to compromise on something as important and precious as your health?

Be a smart buyer and know what is available!

Insurance for critical illness

If you become incapacitated by a serious illness, critical illness insurance can help to alleviate stress and financial strain.

If you become seriously ill, your financial outgoings and financial expenditures will not stop. However, your ability to provide for your family’s needs will cease. In the event you become permanently incapacitated from work, critical illness insurance will pay your benefits.

Income protection policy

You may also have income protection insurance that is of interest to you. If you become incapacitated from work due to injury or illness, this insurance will replace a portion of your income.

Life Insurance

Living in a foreign country as an expatriate can bring with it many unknowns, upheavals and concerns, especially regarding fiscal matters.

When it comes to your peace of mind, life insurance is the best product. Protect your family members financially and emotionally in the event you die.

You must ensure that your life insurance covers your loved ones so they can continue living the same lifestyle in the event you die.

The type of life insurance that you need will depend on the goals you have for your policy.

Level term life insurance can provide insurance against untimely death that covers your children for a fixed period of time.

In the event that you die during the term of the loan, you can use the Decreasing Term Insurance to pay off your mortgage or another loan.

Whole-of-life insurance covers your beneficiary in case of your death, whenever that happens.

Expats who want to insure themselves for one year can use annual renewable insurance depending on their changing circumstances.

You can get life insurance for your entire family. They are definitely worth looking into if you want financial security.

First steps

You don’t want to wait until tomorrow, whether you’re a new expatriate or an expatriate living in another country.

Insurance is boring, but it does provide protection.
Protection brings you peace of mind.

The first step in financial and wealth management is to make sure that your current position is secure.

We all know we should always have enough money in our bank to cover an unexpected expense or a trip home. But we also need to take care of our families today and ensure our future.

A financial advisor can help you with all aspects of your insurance and assurances. This will depend on where you live, your domicile country, your intention to stay or repatriate and your needs.