Did you know foreign nationals qualify for U.S. Life insurance? Furthermore, many Non-U.S. citizens are unaware of the benefits of purchasing a U.S. life insurance policy. Benefits such as having access to top rated insurance products at a fraction of the premium.
Yes it’s true, foreign nationals save 30% to 40% on premiums compared to their local carriers.
If you are a non-U.S citizen who travels to the U.S. and holds a meaningful connection(s) with the United States, you’re a candidate for a U.S. life insurance policy. As a matter of fact, there’s been a substantial shift amongst U.S. life insurance carriers lately. The majority of companies have increased their appetite for foreign business and have simplified their application and underwriting process.
Qualifying Foreign Nationals for U.S. Life Insurance
The following bullet points describe the initial parameters life insurance companies use to determine if a foreign national qualifies for coverage.
- Must hold a valid U.S. Visa
- Must reside outside the U.S. for at least 183 days our the year
- Must hold meaningful connections to the U.S. (Examples)
- Bank Account(s)
- Investment Account(s)
- Family or Relatives the U.S.
- Business in the U.S.
- Own Real Estate
- Worldwide minimum net worth of $1 Million
Another important factor is the insureds country of residence. For example, people who reside in countries like Afghanistan or Seria are not eligible for U.S. life insurance coverage. Nor individuals who travel to these hazardous countries. (To see a map of hazardous countries click here)
Where to start?
Atlas Financial Group, a financial firm with 35+ years experience servicing high-net worth foreign nationals can assist you in finding the most efficient approach to any complex insurance or planning strategy. Consequently, as more high net worth foreign nationals look to the United States for wealth and Assest protection options. Atlas Financial Group is there to help qualify them for U.S. life insurance protection. Request a call back today for more information