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Life Insurance For Indian Citizens

Life Insurance for Indian Citizens in the US

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Life Insurance For Indian Citizens in the U.S.

We have good news for you, finding life insurance for Indian citizens in the U.S. can be done. Our team has helped many clients from different areas, and migratory status get life insurance. We broker with all the best insurance companies in the U.S. If all you want is a quote please fill out our contact form. In this article you are going to find all the information necessary to understand if and how to get life insurance.

Indian population in the United States is very large. There are over 2 million Indian born immigrants that live in the U.S. That is over 5% of all the immigrant population in the United States. We get calls and contacts from many Indian citizens looking for life insurance in the United States.

Anyone can get life insurance in the United States. That is what we specialize in, to make sure that every person can get life insurance.

I Am An Indian Citizen Working In The U.S.- Can I Get Life Insurance?

We have great news. Yes you will be able to get life insurance. There are two scenarios we need to consider.

1- Lived in the U.S. longer than 2 years

You will be able to get insurance from any A+ rated company, if you apply with all the necessary paperwork. You will not have any restrictions on insurance type, or health rating.

2- Lived in the U.S. less than 2 years

You can get insurance, but your city of “permanent” residence will play a roll. Any urban city will qualify you for coverage, so cities like Mumbai, Deli, etc.

On the other hand, if you come from a smaller city, you can still get coverage. But it will require your life insurance agent knows certain underwriting rules. We can’t disclose those particular rules because it is a trade secret, but contact us and we will find you insurance.

Depending on your particular situation, some insurance companies will not offer you the highest health rating possible.

I Am An Indian Citizen With A Green Card – Can I Get Life Insurance?

Yes you can get insurance very easily. Every life insurance company will be able to offer you coverage. You will no restrictions on what kind of insurance you can get. And the price you pay will be based on your age an health.

I Am An Indian Citizen Living Outside Of The U.S.

While you may be able to get life insurance, it will require that you meet certain criteria. Here are the factors that affect if you qualify for life insurance in the United States.

  • Assets in the U.S. (Real Estate is the best)
  • Beneficiaries in the U.S.
  • Income in the U.S.
  • If you are a resident of the U.S. or a foreign national.

The more financial ties to the United States you have the better. A key component however will be having an address in the United States.

I Am An Indian Student Looking For Life Insurance In The U.S.

We have found one company that will offer life insurance to Indian students.

In order for you to be able to get life insurance the company will need to know your city of permanent residence in India. You have a better chance of getting approved if you come from a developed city. The more urban the city thee better your chances are of getting approved.

How Do I Apply For Life Insurance?

The process is quite simple, and on average it will take 6-8 weeks to get an approval. First we provide you with a quote estimate, and then your agent will walk you through the process. Here are the steps you will need to do:

  1. You will need to sign all insurance applications in the United States.
  2. If you want to get a better and faster process, we recommend paying the premium up front.
  3. You need to take a medical exam in the U.S. that is schedule by your agent
  4. The insurance company will review all of your information (underwrite you).
  5. The insurance company will give you an offer and apply the premium you paid.
  6.  Sign delivery receipt for the policy

Other Things To Consider

There are a few items you will need to know and have to make the process easy for you.

  • You will have to disclose where you travel to the insurance company.
  • You will need copies of visa, passport and/or green card.
  • The company may ask for medical history from India.

Conclusion

Finally, in our article we went over how to get Life Insurance For Indian Citizens in the United States. What you can see is that in most scenarios you will be able to get coverage, if you work with an expert.

Contact us will all of your questions, and remember we have helped many Indian citizens get life insurance in the United States, so don’t hesitate fill out our contact form.

An expert is ready to help!

Life Insurance Citizen From Israel

Israeli Citizens Could Pay 40% in Estate Taxes

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The main issue is that if you are an Israeli citizen with assets in the U.S., you could end up paying 40% in Estate Taxes when you pass away. The IRS will want that money quickly and in cash. However, the rules are very different if you are a resident or a U.S. citizen. While U.S. residents have a $5.45 million exclusion (in 2016) from Estate Taxes, for a Israeli foreign national the exclusion is only $60,000!

That means that anything above $60,000 will be taxes at death.

What solution’s do you have?

Proper Estate Tax planning is very important, so make sure you consult an estate attorney, and one that specializes in foreign nationals. In addition, life Insurance is utilized as a common strategy to pay for Estate Taxes for foreign nationals. As a matter of fact, life insurance can work perfectly to pay for Estate Taxes, it works even better than if you were a U.S. resident.

What’s the purpose of life insurance?

The purpose of life insurance is to protect a life and transfer money to the beneficiaries on a tax-free basis. A common purpose of life insurance is to pay estate taxes.

As a non U.S. citizen you will need to meet certain special requirements to get life insurance. In addition you will need to do a medical in the U.S. And sign all the paperwork while you are in the United States.

Who needs life insurance?

In reality everyone should have life insurance. Even the ultra rich need life insurance, actually more so than the average person. It is especially important for people with a high net-worth to have life insurance to pay for estate taxes. As we already mentioned, Israeli citizens that are foreign nationals could pay up to 40% of their investments in the U.S. to the I.R.S. 

Who is considered a foreign national?

People that have assets in the United States and don’t spend more than 183 days of the year in the U.S. could be considered foreign nationals. The rules are a lot more complex than this and you should speak to your tax attorney to determine your status.

What are estate taxes for foreign nationals?

The amount you pay in estate taxes is based on brackets, and it could be very complex. But if you are a foreign national you will not pay taxes on $60,000, the rest will be subject to estate taxes.  These taxes could add up to 40% of your investment.

What types of investments are subject to Estate Taxes?

All of the following are investments you would have to pay estate taxes. 

  1. Business ownership interest
  2. Real Estate Investments
  3. Bonds
  4. Stocks
  5. Mutual Funds

And many more assets that are held in the United States.

I am a citizen of Israel can I buy life insurance in the U.S.?

Yes you may be able to buy insurance in the United States if you have assets, business or income in the U.S. Life insurance companies will want to make sure that there is a need for life insurance.

Please note that if your primary residence is on the West Bank, it will be much harder to get you approved for life insurance.

What kind of life insurance should I get?

There are two types of life insurance for a citizen of Israel that may make sense.

Term Insurance:

It will cover you for a period of time defined by the term (10, 20 or 30 years), but after that period the life insurance disappears. This makes sense when you might sell your investment within the term time frame and move you assets away from the U.S.

Permanent Insurance:

This type of life insurance will cover you forever, so if you are looking to protect your investment a long time, this will be the best option. In addition, there are two types of permanent life insurance Universal and Whole Life

 

TIP:

One of the easiest ways to meet all requirements to get life insurance for an Israeli citizen in the U.S. is to have real estate in the United States.

 

Final Word

As you can see, life insurance can be a great way to protect all of your assets from very high Estate Taxes. Don’t let the I.R.S. take 40% of your investment!

We specialize in working with non-U.S. citizens to protect their assets through Life Insurance.  Please contact us with your questions, and if you would like a quote.

Life Insurance for Chinese Citizens

Life Insurance for Chinese Citizens

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First of all, if you are looking for life insurance for Chinese citizens, and all you want is a quote, then complete our contact form or leave us a comment. You can also schedule an free online consultation here: Schedule Meeting.

Are you a Chinese citizen? Are you looking for life insurance for you or some one you love?

Let me start by giving you the good news!  It’s going to be relatively easy to get life insurance. However, there will be a few requirements you will need to meet in order to apply.

Define why you need the life insurance

Before we get into it, let’s see why you want to have life insurance in the U.S.. Insurance companies will need to make sure that there is a purpose for the insurance. Here are a few good reasons to have life insurance in the U.S.:

  • Real-estate in the U.S.
  • Beneficiaries in the U.S.
  • Investments in the U.S.
  • Plan to live in the U.S. 
  • Pay Estate Taxes
  • Study in the U.S.

This is what insurance companies call insurable interest. Let’s say you do not match any of the previous reasons, then it will be hard for you to get life insurance in the U.S.. Now we need to determine who will qualify to get the coverage. Remember that you will need insurable interest under all circumstances.

Life Insurance for Chinese Citizens living in the U.S. with a Visa

The type of visa will determine how easy it is to get life insurance. In general, if you have lived in the U.S. for more than 2 years you will be able to get life insurance almost with no restrictions. Many top rated companies that will approve you.

However, if you have lived in the U.S. for less than 2 years, then your visa type will determine what you can get. Most work visas will give you many options. For shorter term visas and student visas you may be considered a foreign national. If this is the case then most companies will require you to be from urban china and not from rural china.

Life Insurance for Chinese Citizens with a Green Card

A green card will make the process very simple for you. You will be able to get any type of insurance from any company, so all your options will be open.

You can get Term, Whole Life, and Universal Life Insurance without any restrictions. In reality you will be treated like a United States citizen for life insurance purposes. You will have every single company to pick from. Companies like: MetLife, Prudential, Transamerica, etc.

On the other hand, if you are in the process of getting you green card, then most likely you will be treated like a citizen. Which is good for your rating and prices.

Life Insurance for Chinese Citizens living/residing outside of the U.S.

I have good news for you, you can still get life insurance. However, insurance companies will consider you a foreign national. Also, depending where you reside in China, it will be easier for you to get a better rating. Top Rated Life insurance companies prefer if you reside in urban China (e.g., Beijing, Chongqing, Guangzhou, Shanghai, Shenyang and Tianjin), rather than a rural China.

We know of two top rated companies that will take Chinese citizens that are foreign nationals.

Process of Applying

The process of applying doesn’t change. It doesn’t matter which of the previous examples you fit, you will need to do the same. Here are the steps to apply:

  1. Get a Quote
  2. Pick the best one
  3. Sign paperwork in the U.S.
  4. Take a medical exam (blood and urine) in the U.S.
  5. Wait from 4 to 8 weeks
  6. Pay for the life insurance
  7. Sign delivery requirements

You can see, the process is simple. What requires more work is the paperwork and documents. Here is a list of the documents you will need to provide:

  • Visa Copy
  • Passport Copy
  • U.S. Bank Statement
  • Medical History Report in English
  • Companies may ask for proof of income
  • Companies may ask for property deed

Final Word

In conclusion, it is not hard to apply and get life insurance for a Chinese citizen in the United States. There are certain requirements to meet, but most likely you will be able to get great insurance with top rated companies.

Feel free to contact us, or leave a comment if you have any questions.

We specialize in Life Insurance for Non U.S. Citizens!! 

Let us help you call: (888)522-4849

Schedule a free online consultation here: Set Meeting

Life Insurance for Brazilian Citizens

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The host of the 2016 and Olympic games has been in the news lately. With much unrest and economical uncertainty many Brazilian citizens are looking for new ways to protect their assets.

Life Insurance Brazilian Citizen

As a matter of fact, one way that people can protect assets is through life insurance. And many Brazilians are looking to get life insurance in U.S. dollars instead of the Brazilian Real. If you look at a chart over the last few years, it doesn’t look that good for the Real, so it makes sense for Brazilians to be concerned about their currency.

Getting life insurance in the U.S. for a Brazilian citizen is very possible, and is not very complicated. There are many variables that will determine if you qualify for life insurance in the U.S. The main variables are:

  • Immigration Status
  • Financial Ties to the United States
  • What type of insurance you want?

Lets take a look how all those variables will affect your application for life insurance.

What is your immigration status?

Foreign Nationals

Foreign nationals for our life insurance conversation are those that have ties to the United States but do not spend enough time in the U.S. to be considered residents. Also a foreign nationals will have to prove why he/she wants to have insurance in the United States. The typical reasons are to protect a property or mortgage, estate taxes, or to protect a loved one. If you can show you need the insurance then we have secured life insurance for Brazilian foreign nationals in the past with two top rated companies without a problem.

Live in the U.S.

If you live in the United States and are a Brazilian citizen you will have many options with regards to life insurance. Actually, multiple companies will give you the best ratings available, and you will be able to use any type of life insurance (Term, Universal, Whole Life).

  • Green Card – If you have a green card all your options are open and any company will take your application.
  • Work Visa – Depending on your visa type some companies may restrict your application. In general the longer your visa lasts, the better it will be for you. If you have spent more than 2 years in the U.S. the process of getting life insurance will be much easier.
  • Student Visa – In general you will not be able to get life insurance unless you have significant assets in the U.S. that you want to protect.

Financial Ties to the U.S.

In order to get life insurance in the U.S you need to show why you need the coverage. Companies call this “insurable interest”. Here is a list of financial assets and documents you will need to provide:

  • U.S. Bank Account
  • U.S. Property
  • A statement with your U.S. based assets
  • They may request a tax record

What do you need to apply for life insurance?

Apart from all the financials records, you will need to perform all the application process in the United States. Also all documents will need to be signed in the United States, and the medical exam will need to be done in the U.S. as well. Here is a list of documents you will need to provide:

  • Passport copy
  • Visa copy
  • Drivers License copy
  • Copy of your medical history
  • Statement from your doctor saying you are in good health

In reality even after you apply for the insurance, the company may ask you to provide more documents, so be ready.

Types of Insurance Available

You will be able to apply for all types of insurance as a Brazilian citizen in most circumstances. Moreover all options like Term, Universal Life and Whole Life insurance will be available. However, you will need to determine with your agent what type fits your situation best.

No Financial Ties to the U.S.

This is an exception, and if you don’t have financial ties to the U.S. please contact us.

It is still possible to get life insurance even if you do not have any financial ties to the U.S. but the process will be with a restricted number of companies that have strict rules of how to apply. In this case you will be able to take the medical exam in Brazil, and you will be able to sign the paperwork in Brazil.

Final Word

In conclusion t is not hard to get life insurance as a Brazilian citizen no matter what your immigration status is, or where you live. In reality you have many options at your disposal, if you use an expert with foreigners.

If you would like to learn how to apply please leave a message or contact us.

South African Flag

Life Insurance for South African Citizens

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If all you are looking for a life insurance for a South African citizen, then complete our contact form, and an agent will match you with the best company.

There are many variables with regards to life insurance for non U.S. citizens, like visa status, residency, age, health, and the purpose of the life insurance.

Define Why You Need The Life Insurance

The first step to get life insurance will be to define why you need it. A few viable reasons are for protecting the following:

While having a reason to have life insurance in the U.S. helps, it doesn’t guaranteed that you will be able to get it. Also your immigration status will define if you can get the coverage.

Life Insurance for South African Citizens living in the U.S. with a Visa

If you are looking coverage and you have lived in the U.S. longer than 2 years, the process will be very simple. There a few top rated life insurance companies that will not have restrictions for south africans living in the U.S.

If you have lived less than 2 years, your visa status and type will play a role on what companies will offer you coverage. Also, there will be restrictions on what time of coverage you can get.

Life Insurance for South African Citizens with a Green Card

Getting life insurance if you have a green card, it will be a very simple process. You will be treaded as a citizen of the U.S. for almost all life insurance companies. You will be able to get Term, Universal and Whole Life Insurances with no restrictions.

Life Insurance for South African Citizens living/residing outside of the U.S.

In this case it will be harder to get life insurance, and your options will be limited. However we have found 1 insurance company that will insure South African citizens living outside of the U.S. The underwriting process for the insurance will be tougher. You will need to have decent health, or the company will decline your application.

Process of Applying

The process of applying for the life insurance will be the same no matter where you reside. All applications will have to be signed in the U.S., and the medical exam required for the life insurance will have to be performed in the United States. You will need to provide with copies of your passport, visa, medical records in English, and a bank account in the U.S. where you will make the premium payments.

Feel free to contact us, or leave a comment if you have any questions.

Life Insurance Canadian Citizen Thumb

Life Insurance for Canadian Citizens in the US

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Updated: August 27th, 2016

The great news is that finding life insurance for Canadian Citizens in the US should be very easy.

Are you looking for a quote? Then contact us, or schedule a FREE online consultation.

In this article you will learn all you need to know to get life insurance in the U.S. as a Canadian citizen. First of all, every life insurance companies list Canada as an “A” country. This means that you will be treated as a resident/citizen for all intends and purposes. The benefit to you will be that you will get great life insurance for great prices.

You need Insurable Interest

Before we get started, you need to make sure you have “insurable interest” in the U.S.. This mean that you will need to have a reason for the life insurance. Life Insurance companies need to know why you want to have life insurance. Here are a few reasons that would qualify you:

  • Have a home in the U.S.
  • Work in the U.S.
  • Beneficiaries that depend on you
  • Investments in the U.S.
  • You plan on moving to the U.S.

Also you will need to have a bank account in the U.S. to apply for life insurance.

As you can see, it is very likely that you meet one of these scenarios. However, lets’ look at some different migratory status and how they can affect you.

Life Insurance for Canadian Citizens in the US with a Green Card

This is an easy one. You will be treated as a citizen, and you can get all types of life insurance (term and permanent), without any restrictions.

  • Term Life: you will be able to get any length of term 10 years, 20 years and 30 years.
  • Whole Life: every single company will approve you for permanent guaranteed whole life insurance.
  • Universal Life: you can get Index, Variable and Guaranteed products.

You will have every Life Insurance company at your disposal and the process will be very simple.

I am a Canadian citizen, I am not a permanent resident and I need life insurance

Great news again. The process should be simple. Almost all insurance companies will take a non-resident Canadian citizen without restrictions. You will need to provide information regarding your migratory status, copy of visa, passport and you will need to have insurable interest. Whole Life, Term and Universal will all be viable options for you.

I am a Canadian Citizen, but I don’t live in the U.S. and I want life insurance

Here are the requirements to get life insurance in the U.S. for foreign nationals. Insurable interest for a Non U.S. resident will be more restrictive. You will need to have 2 items from the following list to get life insurance:

  1. Own real estate in the U.S.
  2. Own a business in the U.S. or working for a U.S. company
  3. U.S. tax liability
  4. Immediate family residing in the U.S., and 25% of assets required to justify the amount applied for must be U.S. assets that have been held in the U.S. for at least six months prior to application.
  5. Having financial assets in the U.S. 25% of assets required to justify the amount applied for (must be U.S. assets) and minimum 15 days presence in the U.S. annually.

You can see from the rules that for a Canadian citizen with almost any ties to the U.S. will be able to get life insurance.

Permanent and Term Insurance for Canadians

As we mentioned, you will be able to get permanent or term insurance without many restrictions. Depending on your situation one of these may make more sense than the other. In general term insurance cover your for only a specific time period, and is very affordable. Permanent insurance last forever, and you have other benefits that go with it, but it is more expensive at the beginning. If you want to learn about one type of permanent insurance, whole life insurance, please read our article.

Now that we know it’s simple to get life insurance, you need to find out what companies will give you the best rating for your specific situation. In addition, you will need to determine what type of policy is best for you.

Recommendations

Two companies that we would recommend are: Prudential and MetLife. These are very large, very well known and very high rated companies. They will look very favorable to Canadian citizens, and they insure many non U.S. citizens.

If you would like to get a quote or schedule an online consultation go to:

Schedule an Online Consultation

If you have any questions leave a comment, you can or write us at:
[email protected]

Life Insurance for Colombian Citizen in the U.S.

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Can I get life insurance as a Colombian Citizen living in the U.S.?

YES, you can. Most insurance companies will insure a Colombian citizen that lives in the U.S. without much hassle. You will need to provide proof of your immigration status (green card, visa type, etc.), and go through a normal process of applying for life insurance. The good news is we have listed what companies will give Colombian citizens the best rating possible while buying life insurance.

Life insurance for Colombian Citizen living outside of the U.S.

It is possible to get life insurance for Colombian citizen outside of the United States. First you will need a financial need for the life insurance, for example an investment account or a property could be a reason. It’s important that you protect the investments from Estate Taxes, which could be up to 40% of the value when you pass-away. You will also need to have a bank account, and do all the process in the U.S.

The process requires more steps and paperwork but with a good agent it should be done in 6-8 weeks. To understand all the process for purchasing life insurance, please see our article: Life Insurance as a Non Resident or non Citizen.

Will my death benefit pay even if I leave the country?

Yes, if you pass away, and you are not in the U.S. your beneficiaries will still receive the death benefit. You will have to make sure they are aware of whom to contact in case of your death. The best is that you give them the direct contact to you insurance agent. At the time of death, your family will need to provide the insurance company with a death certificate as proof.

Can I get life insurance on a family member that is from Colombia?

If the person lives in the U.S. and there is a need for the life insurance, it shouldn’t be a problem.

Here are a 3 tips on the things you should know about life insurance:

You will need to provide all documents regarding your immigration status (visa, green card, etc.)
You will need to provide all medical documents if you have had any surgeries or medical problems in the last 10 years (These will need to be translated, although some insurance companies will accept them in Spanish).
Make sure you work with an expert for non-citizens. The rules are different and you could get a bad rating, which would affect the price of the policy.

Contact us if you would like a quote: Contact Us!

Life Insurance For Mexican Citizens

Life Insurance for Mexican Citizens in the U.S.

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Updated Apr 5th, 2017

Life Insurance for Mexican Citizens

The great news is that getting life insurance for Mexican citizens that live in the U.S. is not as hard as you might think. If all you need is a quote leave a comment or fill out our contact form. Hablamos español.

Here are some rules for Mexican citizens looking for life insurance.

Lived In The U.S. For More Than 2 Years

If you have been in the Unites States longer than 2 years, for life insurance purposes, you will be treated as a resident. This means that you can get all types of life insurance like term, universal or whole life. Also, your ratings will not be affected, and you will pay regular rates. The company you chose will need the following information:

  • Visa copy.
  • Passport copy.
  • You will need to take a medical exam which consists of a blood test and urine test.
  • If you travel to Mexico you will need to disclose how often, and if you have any plans to go there.
  • All of the process will need to be done in the U.S. and it should take between 6-8 weeks.

Companies To Use

The following are 2 great, highly rated companies that will give Mexican citizens great ratings for life insurance.

Principal Life Insurance

Principal Financial Group

Principal Financial Group
A+ (Superior) A.M. Best Company

A member of the FORTUNE 500®, has $517.9 billion in assets under management and serves some 19.4 million customers worldwide from offices in 18 countries throughout Asia, Australia, Europe, Latin America and North America.

John Hancock Life

John Hancock Company

John Hancock Financial
A+ (Superior) A.M. Best Rating

John Hancock Financial is a unit of Manulife Financial Corporation, a leading Canada-based financial services group with principal operations in Asia, Canada and the United States.

You can’t go wrong choosing any of these two companies, and you will get most likely a positive outcome. In addition, if you would like to get a quote to compare each company you can get if here: Set Meeting an Online Meeting

Less Than Two Years In The U.S.

We have been helping Mexican citizens in this particular case for many years. And we have the expertise to know what companies will give you the best rating. As a matter of fact there are still many option for Mexican citizen that just moved to the U.S. but you have to know who will approve you.

Non Medical Option

We were able to secure a non medical option for life insurance. This means you will NOT have to do a blood and urine test. While the rates may be a little bit more expensive, the convenience for many people is worth it. This speeds up the time it takes for you to get approved and have life insurance.

Because of competitive reasons we can reveal who this provider is, but contact us and we can help you get life insurance without a medical exam.

 

Life Insurance for Mexican citizens that live outside of the U.S.

There are a few companies that will give you a good rating as a foreign national. In general you will need the following to apply for life insurance:

  1. You will need to prove why you need the insurance in the U.S.
  2. Copy of your Visa
  3. You will need to have a U.S. bank account
  4. A cover letter from your agent explaining your situation
  5. You have to complete all of the process in the U.S.

Also, please talk to your accountant about the taxation of your assets in the U.S. for your particular situation.

Leave a comment or email us at : [email protected]

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