When moving abroad to live or work, you want a sense of security for yourself and your family, but choosing which type of insurance coverage for you and your family is needed can be overwhelming.
Country-specific considerations
When moving abroad you'll need to consider what regulations and options are available to your specific host country. When you're researching your host country, it would be a good idea to reach out to the expat forums and find out what your fellow expats decide - public or private insurance. Some countries offer government funded subsidies for healthcare others don't. Finding out as much as possible in advance of your trip is a vital step.
Health insurance
If you're moving abroad for work, your company may already be offering you health coverage for yourself and your family. As most expats are covered under the employer's insurance you still might need to purchase more if you have a chronic or pre-existing condition. Travel insurance may be sufficient if you will only be visiting for a short period of time and don't have any pre-existing conditions.
Life insurance
Expats with dependents should seriously consider purchasing life insurance policies. For obvious reasons, researching a life insurance policy is something most people try to avoid -- who wants to think about their own death? No one. But unfortunately it's something that should be taken seriously. What will happen to your spouse in the event of your death? What would their financial situation be like? This is where life insurance comes into play.
When it comes to purchasing life insurance, review your current situation. What will you need your life insurance plan to cover? You may already have a life insurance policy that you've forgotten about. If you have an old contract whose details you don't remember, contact your insurance company as soon as possible. Your coverage might only need a bit of tweaking and updating to be current again.
Alternatively, leave your worries to us - experts who will not only advise you on available international insurance products for experts, specific country requirements but also with extensive worldwide connections with insurers and underwriters will negotiate best rates for you for the best policies that fits with your needs, as well as support you throughout the process from selecting, buying to claims management.
Contact us to receive more information on international products, our services or country guides to help you and your family with your international move.
