U.S. Life Insurance for Foreign Nationals and Non-U.S. Residents

Foreign nationals and non-U.S. residents can get U.S. life insurance too. This guide will help you find the best insurance company and policy for your needs. Not sure how to apply or what information is needed? See below for details.

If you are a non-U.S. citizen, foreign national, or a non-U.S. resident interested in purchasing a U.S. life insurance policy, Top Quote Life Insurance can help you find the best life insurance company for your needs.

U.S. life insurance for foreign nationals and non-U.S. residents is becoming increasingly popular due to the unique coverage options and affordable premiums. Applying for U.S. life insurance as a foreign national or non-U.S. resident will require an agent’s assistance.

This is due to insurance companies underwriting you if you use an online form. The most important of these is your original country.

You can click the link to get quotes before applying with an agent. Enter your ZIP code

U.S. Life Insurance Requirements for Foreign Nationals and Non-U.S. Residents

When considering the purchase of a U.S. life insurance policy, you will be required to meet underwriting guidelines to determine your eligibility for coverage.

These requirements must be met prior to submitting any U.S. life insurance application:

• What is your relationship with, or ties to, the U.S?
• Can you complete the application and exam in the U.S?

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How You Can Qualify for U.S. Life Insurance

The most important eligibility guideline to apply for a U.S. life insurance policy is your relationship to the U.S. Most foreign nationals and non-U.S. residents that we work with qualify as:

• Business owners, corporate executives, or high net worth individuals who conduct business in the U.S.
• Owners of U.S. property or U.S. assets that are subject to estate taxes
• Individuals who are here for work for a period of time. These may be educators, engineers, medical professionals, technicians, etc.
• Spouse of a U.S. citizen

Read more:

• Life Insurance for High Net Worth Individuals: Best Options
• Top Life Insurance Company That Specializes in Non-U.S. Citizen Life Insurance Coverage

If you fall within one of these qualifying relationships with the U.S., you’re off to a good start to qualify for U.S. life insurance.

Can Non-Citizens Receive Citizen Life Insurance?

The answer is yes, you don’t have to be a citizen to receive a life insurance policy. You must, however, complete the life insurance application, medical exam, and delivery of the policy while you are in the U.S.

NOTE: The typical underwriting time for a U.S. life insurance policy can take approximately 4-8 weeks, depending on the individual applying.

Some of the life insurance companies that we work with will allow you to sign a limited power of attorney (POA).  This allows for insurance for non-U.S. residents to still be delivered to the individual.

A limited POA will allow us to deliver your life insurance policy to your designated POA who can sign forms on your behalf if you have returned to your country of residence. After we have delivered your policy to your POA, they may mail the policy to you. 

Expectations for U.S. Life Insurance

In addition to the life insurance application and medical exam that is provided by the insurance company, there are additional underwriting requirements that will be required.

COVERAGE AMOUNT: Most life insurance companies require a minimum coverage amount of $250,000 when applying for U.S. life insurance as a foreign national or non-resident. The maximum amount of coverage can range from $5 million – $1 billion depending on the life insurance company.

FINANCIALS DETAILS: If applying for coverage amounts greater than $1 million the life insurance company will require additional details pertaining to your financials. This is generally required to justify the life insurance amount being applied for.

FOREIGN TRAVEL: In addition to traveling from your home country to the U.S., the life insurance company will require you to complete a travel questionnaire. Traveling to other countries that are prohibited by the U.S. can lead to a decline of your request for life insurance.   

MEDICAL RECORDS: Depending on your responses to the medical questions, the life insurance company may need to order medical records from your doctor. If records are required, it can slow the approval process. To avoid any lengthy delays we may require your assistance in contacting your doctor’s office to help speed up the request.

HOW YOU PAY: U.S. life insurance companies require that premiums are paid in U.S. currency generally from a U.S. bank account.  

TYPES OF VISA OR GREEN CARD: A copy of your Visa or Green Card will be required at the time of the application. Along with a copy of your Visa, most applicants will also be required to provide a copy of their I94.

ACCEPTABLE VISA’S: EB-5, EAD, B1, B2, C1, C1d, C-2, C-4, D-1, D-2, E-1, E-2, F-1, F-2, G-1, G-2, G-3, G-4, G-5, H1B, H1C, H2A, H2B, H3, H4, J-1, J-2, K-1, K-2, K-3, K-4, L-1A, L1b, L-2, M-1, M-2, NATO, O-1, O-2, O-3, P1-P4, Q-1, Q-2, Q-3, R-1, R-2, TN, TD, V-1, V-2, V-3

VISA’S CONSIDERED CASE BY CASE: A-1, A-2, A-3, C-3, I, S-5, S-6, T1-T4, U1 – U4,

VISA’S NOT ACCEPTABLE: TPS, TWOV

 

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Available Coverage Options

Most life insurance policy options that are available to U.S. residents are also available to foreign nationals and non-U.S. residents.

TERM LIFE INSURANCE: Fixed premium for 10, 15, 20, 25, or 30 years. After the fixed premium length you can elect to reapply for new coverage or continue paying on the current policy, but at a much more expensive rate.

ROP TERM LIFE INSURANCE: ROP or return of premium term life insurance has all the same features as regular term insurance but guarantees a full refund of all premiums at the end of the term contract. ROP life insurance generally comes in fixed premium lengths of 20 or 30 years.

UNIVERSAL LIFE INSURANCE: Fixed premium permanent life insurance. More expensive than term, but will never require you to re-apply as it will last forever.

WHOLE LIFE INSURANCE: Similar to universal life insurance as it is also permanent insurance with a fixed premium. This life insurance is the most expensive but has the potential to build up cash. 

How Your Beneficiary Uses Your Policy

One of the biggest questions we get from our foreign national and non-U.S. resident clients is…

“What happens if I pass away outside the U.S.? Will my beneficiary receive the death benefit?”

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The answer is yes, the life insurance death benefit will be paid to your beneficiary. Life insurance companies that underwrite and approve life insurance for foreign nationals or non-U.S. residents do not set restrictions to citizenship or residence regardless of where death occurs.  

As long as the life insurance coverage is active at the time of death, the death benefit will be paid.

NOTE: If death occurs, we urge our clients to have their beneficiary contact us, so we can help them with the claims process. Your beneficiary may also go directly to the life insurance company to process a claim, but we are here to help as well. 

Eligible Countries for U.S. Life Insurance

Unfortunately, not every county will be eligible for U.S. life insurance coverage. Therefore it is very important that you contact us with your permanent country of residence if considering a U.S. life insurance policy as a foreign national or non-U.S. resident.

SOME ELIGIBLE COUNTRIES: Australia, Bahamas, Belgium, Canada, Chile, China, Dominican Republic, Ecuador, El Salvador, Germany, India, Israel (Excluding Gaza-West Bank), Mexico, New Zealand, Peru, Russia, Singapore, Turkey, United Kingdom, Vietnam, and more

NOTE: If your country is not on the above list, we still encourage you to contact us with your country of residence.

 

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Disqualifications for U.S. Life Insurance Coverage

Unfortunately, there are circumstances in which you may not qualify for a U.S. life insurance policy. Below is a list of common disqualifications for obtaining U.S. life insurance policy foreign nationals and non-U.S. residents:

• No qualifying relationship with the U.S.
• No plans to visit the U.S.
• Certain occupations
• Countries that are listed on the United States State Department travel warning list
• A country that is at war
• A country that is at risk of political instability, terrorism, or uprising
• A country experiencing a famine, endemic, epidemic, or pandemic disease
• A country with non-existent or limited medical care

 

Best Ways to Get a Quote

Top Quote Life Insurance specializes in obtaining life insurance for foreign nationals and non-U.S. residents. We work with several top-rated U.S. life insurance companies that underwrite international life insurance coverage.

Since international underwriting varies from each life insurance company we need as much detail about you and your life insurance request. Providing us with this information will help us fit you with the best company for coverage and price.

Tell us about your request:

• Country of Residency
• Are you or will you be in the U.S.?
• Occupation
• Type of Visa
• Date of Birth
• Gender
• Any Health Issues
• Term or Permanent
• Amount of Coverage

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References

• https://travel.state.gov/content/travel/en/traveladvisories/traveladvisories.html/

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