International Life Insurance

With international insurance, not all policies are valid if you decide to move abroad. Whilst it’s always best to check with your existing provider, international policies exist to ensure that in the sad event of your death you’ve got the adequate cover needed for your loved ones.

With William Russell international insurance, your location has no impact on the premium at all. Our premiums are the same for all individual clients worldwide.

Yes, we do have an optional accident plan. How much you’ll pay for your plan depends on how much you cover you require, and your medical history.

In most cases, we can only provide life insurance to expats. By expat, we mean people living and working outside of their country of nationality (e.g., an Irish national living in China, an Italian national living in Canada).

Typically, our members reside permanently in a foreign country. But we can sometimes provide life insurance 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 passports. These countries are Botswana, Kenya, Nigeria, Mauritius, Estonia and Malawi.

We also provide international health insurance.

You’re covered if you die as a result of infection by coronavirus (COVID-19) as you would be for any other viral infection provided you don’t have any relevant exclusions on your Certificate of Insurance.

Raising children can be expensive. Last December, the Child Poverty Action Group in the UK reported that the cost of bringing up a child is at least £190,000. Expat parents can expect that figure to be much higher, with private school fees, regular international travel, and all the perks that come with the expat lifestyle. Often, your income (or your partner’s) is the only way to pay for these costs of raising your child.

If you or your partner were to pass away, that could take a toll financially as well as an emotional toll. Life insurance is one thing that parents use to put in place a safety net. When parents purchase life insurance, they typically think about costs they would usually use their income to cover. For example, mortgages or debts, monthly bills, education and childcare, and everyday spending such as food and clothing. If the main breadwinner in your household should pass away, you’ll probably want help to cover these costs. That’s where life insurance can help.

There is no set ‘guide’ to when is the best time, but most people purchase life insurance at significant points of their life (e.g., marriage, buying a house, planning children).

Yes, you can use international life insurance from William Russell to cover a mortgage – we have numerous members around the world who have nominated their banks as the beneficiary of their policy with any residual benefit going to family members.