Protect your income
while you’re living & working abroad
International income protection is designed for expats wishing to safeguard their lifestyle in the event of incapacity to work due to an illness or injury. Plus, you’ll have help and support from a team of real people with our trademark personal service.
- Personal service with the right to cancel during first 30 days
- International cover for up to 80% of your salary
- Annually renewable policy from US$81 per month
What is international income protection insurance?
International income protection insurance provides you with a regular monthly income if an injury or illness prevents you from working in your regular profession while you’re living and working abroad. If you can’t work, income protection can support you and your family financially by paying you a proportion of your lost earnings while you focus on your recovery.
You’re in charge
You decide the amount of cover that is right for you, up to 80% of your salary (subject to US$144,000 limit) and choose a three or six-month deferment period. Apply up to age 60 and once your cover is in place you may continue to renew it each year until you reach your 65th birthday, even if your health deteriorates.
Simple, honest and affordable
To us, it’s not just about the right amount of cover. We make sure it’s easy to apply for, and should the worst happen, you’ll have a dedicated account manager to handle your claim. Your income benefit will be paid until you are able to return to work, age 65 or death, whichever comes sooner.
Flexibility and fair treatment
That’s the promise we make to our members. We’ve built our reputation on it, and it’s the reason members stay with us for years. You’ll always get quick and honest answers from our friendly teams. You also have the right to cancel within 30 days of purchasing your plan.
How international income protection works
International income protection is an insurance product that pays you monthly income if you can’t work while you’re posted abroad. The plan gives you affordable cover to safeguard you and your family should you be unable to work for longer than 3 months due to an illness or injury (or 6 months, if you choose a 6-month deferment period).
Easy to apply
As long as you are under 60, in good health, and your occupation is non-hazardous, you can apply for cover.
Once you start to claim, your replacement income will increase by 2% compound each year.
How much you pay depends on your age, the amount of cover you need, and, in some cases, your health.
How much does international income protection cost?
The indicative prices below give you a ballpark figure for how much cover might cover. We can also cover groups of employees.
International Income Protection
|From US$81 per month
Indicative price for a 30-year-old living in Singapore covering their salary up to US$50,000 (6-month deferment period)
|From US$118 per month
Indicative price for a 45-year-old living in Hong Kong covering their salary up to US$50,000 (6-month deferment period)
Can I get group income protection insurance for my expat employees?
Applying for expat income protection insurance, whether for yourself or on behalf of your global workforce, is easy. You’ll know if you and your employees are eligible for a Group policy if:
You and your employees are even unlikely to need a medical examination to apply for cover, so long as you and your employees are under 50 years old, fit and healthy, and applying for cover of less than US$75,000.
Groups can have cover up to $200,000 if their salary allows.
I feel appreciated for being a member for so many years. I always receive really great advice which helps me make informed decisions to reduce my annual payments. I feel so supported with William Russell.Yvonne William Russell Member, Malawi
Frequently asked questions about expat income protection
Here are some of the most commonly asked questions about income protection and plans from William Russell.
When you are applying for cover think about:
- how long your employer would continue to pay you
- how much they would pay you as sick pay
- any other income you would be entitled to, such as income from the state, or payments from another insurance company.
You can insure up to 80% of your annual earnings, but if you make a claim, the amount we would pay you would be the lower of:
- The amount you have insured, and
- 80% of your pre-disability annual earnings, minus any other income you are entitled to, such as state benefit, sick pay, or payments from another insurance plan.
So the amount you can claim will be reduced if any other income plus the income you have insured, are more than 80% of your pre-disability earnings.
If you are self-employed and your earnings fluctuate, we will use your average earnings over the three-year period before your last day at work.
In most cases, we can only provide income protection to expats. By expat, we mean people living and working outside of their country of nationality (e.g., a German national living in Thailand, an American national living in Chile). Typically, our members reside permanently in a foreign country. But we can sometimes provide income protection to people expecting to spend at least 6 months of the year living or travelling abroad. In certain countries, we can cover people living in the same country that issues their passport. These countries are Botswana, Kenya, Nigeria, Mauritius, Estonia and Malawi.
As soon as you know you are likely to be off work for longer than your deferment period, contact us for a disability claim form.
We will then contact the doctor who is treating you to get the information we’ll need.
Once your claim has been assessed and agreed, and your chosen waiting period ends, your income payments will start. No income will be paid during or for the waiting period.
If, after becoming eligible for income from your plan you return to work then suffer a relapse within six months, your payments will re-start immediately. You won’t have to go through another waiting period.
You can renew your plan each year until you reach age 65. If you need to make a claim, your replacement income will continue to be paid until you recover, right up to age 65 if necessary.
With our plans there’s often no need for a medical exam or reports.
If you are under 50, fit and healthy, and applying for cover of less than US$75,000 we may be able to offer you cover straightaway. Otherwise, we’ll let you know if we have any medical requirements. If we do, you can go to a nearby clinic to get your exam done, and we will reimburse you once your policy starts.
No; once your claim has been approved, you do not have to stay in your country of residence. You can return to your home country and we will continue to pay the benefit for as long as you are unable to work, due to the illness/injury that required the claim in the first place.
Perks of being a
William Russell Member
Transparency matters to us
Insurance is about trust, so we believe in being fair and open. This belief informs our idea of insurance as a partnership between our members and us. That’s why we’re completely upfront with our plans, and we want you to understand precisely what you’re buying.
We’re committed to fairness
Insurance is expensive, and – sadly – costs are on the up. That’s why we do not require a medical examination each year to continue with existing cover. Once your claim has been approved, you do not have to stay in your country of residence. You can return to your home country and we will continue to pay the benefit for as long as you are unable to work.
We believe in people
Some insurers rely on AI and Big Data to do their work for them. We think differently. Insurance is a highly personal experience, so it deserves a personal service. We’re a team of real people, at the end of a phone call when you really need us. We don’t hide behind call centres or bot webchats.