Many of our 15,000 visitors per month are Non-U.S. Residents, visiting from India, Australia, England, and other countries in Europe primarily, I suppose because these are the English speaking countries.
The question I am asked most frequently is, “Can you sell life insurance to me if I’m not a U.S. citizen and don’t live in the United States?”
YES, we can, in most countries.
There are some obvious countries that life insurance companies would be weary of in the Middle East, but even there, you can get insurance depending on where you live. I recently got a request for insurance from a woman in Israel. The key here is that she didn’t live in a hot zone for dangerous activity, and I was able to find a couple carriers who would make offers to her.
Requirements to Purchase U.S. Life Insurance for Foreign Nationals
- Must complete insurance application in the U.S.
- Must take medical exam in the U.S. (Medical records can be retrieved from your home country in most cases, but it’s helpful if you can bring them.)
- Must still be in the U.S. when the policy is approved and mailed to you. The policy must be mailed to a U.S. address in the same state where you applied.
- You must have some sort of ties to the U.S., such as family here, or business. You generally can’t just take a “vacation” to the U.S. to buy life insurance.
The only requirement to buy life insurance in the U.S. is that the applicant must be in the U.S. to take the application and medical exam. It’s okay if you’re a foreign national and just here on vacation, provided that you have some sort of ties to the U.S., but these things must be done here in the states. Most insurance companies require you purchase a minimum of $250,000 of coverage, but all policy options are available to you, including term life insurance, universal life, or whole life insurance.
What is a Non-U.S. Resident?
At this point, you may be wondering who qualifies as a Non U.S. Resident.
Per Prudential’s “Non-U.S. Resident Highlighter”, a Non-U.S. resident is defined as: Individuals who do not have a full-time permanent U.S. residence or reside outside of the U.S. for 3 months or more annually. Citizenship is not a determining factor in defining a Non-U.S. Resident.
For underwriting purposes, a non-U.S. Resident is defined as an individual who:
- spends more than 3 months a year outside of the United States
- visits the U.S. for business or pleasure but maintains permanent residence outside of the U.S. An example may be a U.S. citizen, who has moved to Germany but returns to the U.S. periodically to visit family.
- is expected to reside in the U.S. on a temporary basis. An example may be an exchange student or individual here for business or professional or educational training.
- resides in the U.S. on a part-time basis only. An example may be a Swedish citizen who owns a home in Sweden and lives in the U.S. for 3 months a year for business purposes.
Countries whose Residents we Can’t Help:
Please note there are some countries who prevent their citizens from purchasing life insurance outside of their country of residents. These include, but are not limited to: Argentina, Belgium, France, Greece, Japan, Panama, Poland, Switzerland, Uruguay, and Venezuela. However, if you aren’t a citizen, but not a full-time resident of one of these countries, it may still be possible to purchase U.S. life insurance.
In some other countries, there are either legal or government restrictions preventing us from selling life insurance to their residents, or the risk is simply too high in the country to offer life insurance, which are: Afghanistan, Burma, Cambodia, Cuba, Haiti, Iran, Lebanon, North Korea, and Sudan. If you are a resident of most other countries, and you are willing to visit the U.S. for the application, exam, and also be here for the delivery of the policy, then we can probably find you a policy. Three countries we have had great success writing non-U.S. citizens in are Canada, Mexico, and Puerto Rico (U.S. Territory).
How to Apply for U.S. Insurance
Remember, you can’t apply until you come to the U.S., so there’s not much we can do until you get here, but we can schedule a time to talk while you are in the U.S.
Don’t have time to stay in the U.S. for 6 weeks? Click Here to read tips on how to speed up the approval process.
Email me, Chris Huntley, or call us at 877-443-9467 with the details of your case. I am also available on skype with username: CristobalHuntley.
You can also get a life insurance quote a using our quote form on the right. This will give you an idea of pricing.
Hablamos Español.*Written by Chris Huntley. Huntley Wealth Insurance and its representatives do not give legal or tax advice. Please consult your own legal or tax adviser.