An important aspect to consider when moving abroad is whether international life cover is necessary.
Your existing life cover taken out in your home country might not be valid in your new country, or only cover certain things. Also, the value of the payout once converted to the currency you are using in your new country, may not be sufficient, especially if your home country’s currency is weaker than where you live now.
Those that have no life cover, need to consider taking it out, especially being in a new country.
The purpose of international life cover is to provide you with the peace of mind that your family and loved ones are protected in the event of your premature death, no matter where you live in the world. It is ideal for expatriates and digital nomads.
Why do I need it you may ask? Is it really that important? Isn’t it just a waste of money?
Life cover isn’t just for immediate expenses after death, but for future expenses too. Consider:
If you have moved to another country and already have international life cover, when was the last time you reviewed it? Your cover might not be enough anymore.
“You don’t buy life insurance because you are going to die, but because those you love are going to live.” – Unknown
International life cover protects you and your family no matter where you are in the world.
Speak to your deVere consultant about taking out international life cover or to review your existing cover. [email protected]
Please note, the above is for education purposes only and does not constitute advice. You should always contact your deVere adviser for a personal consultation.
* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.