Will a USA-based Life insurance policy still be valid if I move to England?
My mother wants to get a life insurance policy through Colonial Penn, but we are planning to move permanently to England in about 2 and a half years. Will this policy still be valid there or???
Public Comments
- As long as she is truthful on the application and they accept her. Just in case Colonial Penn gives her issues about being an ex pat, there are companies that only ask about her travel past, not her future. Most independent insurance brokers should be able to track a few of these down for your mom to consider.
- When she applies for the life insurance their may be a question on the application about travel plans in the near future (i.e. 12 months). She just needs to answer honestly because moving to England should not be an issue that would affect insurabilty. Now, if she was moving to Beirut, Lebanon that would probably be an issue.
- One of the questions on the application is, do you have any plans to leave the country. As long as she's honest, and the company accepts her plans to move, there won't be a problem. It might not comply with ENGLISH law, but it will comply with the state she resides in NOW.
Powered by Yahoo! Answers