A financial safety-net for your life abroad. James Cooper, Sales Director, William Russell Limited writes.

No one likes to think about ill-health and fatality, but when you are living overseas it is absolutely essential to have secure insurance arrangements in place to protect your financial well-being, especially during hard economic times like these. James Cooper, Sales Director at international expatriate insurance specialist, William Russell, promotes the Global Life and Global Income plans to protect your family’s finances if you are no longer able to work through sickness, injury or premature death.

International living offers expatriates an excellent lifestyle, with tremendously rewarding career opportunities. The global economic downturn however, has forced many expatriates to turn to protecting their finances rather than investing in savings and other financial products.

Life and income protection insurance is generally easily available. Most countries, however, gear their insurance products to the needs of the local population and may provide expatriates with a reduced level of protection against life’s emergencies than they would expect in their home country.

Much of the effectiveness of a domestic insurance policy is left behind when you pass the border control of your home nation. Some plans may provide some security overseas, but they are not designed for the job. Your level of protection may well be reduced through exclusions, and the claims process could be a nightmare.

 
It’s an unpleasant thought, but if you have a family they will need protection to provide a reliable income to replace your earnings if you die before you reach retirement age or suffer long-term illness rendering you unable to work. Expatriates need insurance designed for international living if they are to provide effective financial security for their families.

Unlike local income protection plans, international insurance will cover every move you make. Whether you are moving internationally from contract to contract, travelling for business, or simply returning to visit relatives in your home country.

William Russell is one of only a few insurance providers to offer specialist life insurance and long-term disability plans to expatriate customers which provide full protection all around the world with international claims capability.

Global Life for total peace of mind

At William Russell our Global Life plan provides cover for up to 20 times salary to a maximum of $1,500,000 or €1,200,000 or £90,000 for expatriates of all nationalities throughout the world. We also offer optional accidental death and dismemberment which will pay an additional lump sum if you die or suffer a permanent disability as the result of an accident.

•  World-wide cover excluding active war zones
•  Full-time, part-time, or self-employed expatriates in non-hazardous occupation
• Available from age 18 up to age 65.  You are covered up to age 65 regardless of what happens to your health throughout the period that your cover remains in force.
• Up to 20 x salary gross annual earnings.  Including regular commissions and bonuses. Subject to a maximum benefit of $1,500,000 or €1,200,000 or £90,000.