Browse: Home / foreign nationals
By Ed Hinerman on November 2, 2012
I’ve brought this up in the past in response to a very real need with missionaries. Traditional life insurance isn’t horribly friendly to folks doing mission work outside of the country, a knee jerk reaction to the fact that there are some places in the world where mission work can be dangerous. Through Lloyds of ...read more
Posted in accidental death, business life insurance, buy/sell life insurance, civilian contractors, Civilian War Zone Coverage, foreign nationals, High Limit AD and D, insurance, International Business insurance, life insurance | Tagged accidental death, accidental death and dismemberment, accidental disability, business life insurance, buy/sell insurance, foreign nationals, high limit insurance, insurance, international business life insurance, international life insurance, key person life insurance, life insurance, missionary life insurance, multi national coverage
By Ed Hinerman on June 20, 2012
I received an update on new foreign national life insurance underwriting guidelines today from one of the country’s largest life insurance companies. They announced a liberalization of requirements for Mexican and Canadian citizens. From past posts you would have noted that while the criteria change from company to company, especially Mexico has been singled out ...read more
Posted in Foreign National Life Insurance, foreign nationals, high net worth, insurance, life insurance, term insurance, whole life | Tagged Canadian citizens, doesn't require business connection, foreign national life insurance, foreign national underwriting guidelines, high net worth, high net worth clients, insurance, large policies, liberal underwriting guidelines, life insurance, Mexican citizens, more liberal guidelines for Mexico, new underwriting guidelines, US life insurance companies |
By Ed Hinerman on April 13, 2012
I am more than pleased with the amount of international life insurance business we’ve been able to generate and place over the last year. It is definitely not for everyone but for those who need what the US has to offer and can afford the travel to apply for and accept their policy, the benefits ...read more
Posted in executives, Foreign National Life Insurance, foreign nationals, foreign travel, insurance, International Business insurance, life insurance | Tagged acquire US life insurance, all phases completed in US, can't write due to risk, can't write due to trade treaties, eligible foreign country, ex patriot life insurance, executive lives abroad, foreign national life isurance, insurance, international business life insurance, international life insurance, life insurance, overseas partner, US address for billing, US bank account
By Ed Hinerman on January 3, 2012
As I ease my way into this market it is becoming clear that there are a lot of foreign nationals outside of the US who would like to own US life insurance and it is also becoming clear that it isn’t nearly as cumbersome a task as you might think. Are there hoops to jump ...read more
Posted in Foreign National Life Insurance, foreign nationals, insurance, life insurance | Tagged acquisition cost, all aspects completed in US, business owners, Caribbean, company executives, engineering, foreign national, high net worth individuals, impaired risk underwriting, insurance, insuring foreign nationals, international business insurance, life insurance, medical, multi national business insurance, national ID, own US life insurance, passport, products aren't available in other countries, professional individuals, record of ongoing health maintenance, scientific, tecnological, visa
By Ed Hinerman on December 9, 2011
I’ve been writing long enough that I am bound to be a little redundiferous at times, but I don’t think it can be said too many times. If you use the wrong agent to buy life insurance, who picks the wrong company for your situation, you will not enjoy a good outcome. Part of that ...read more
Posted in A1c, diabetes, foreign nationals, Infinite banking, insurance, life insurance, prostate cancer, Sleep apnea | Tagged Be your own banker concept, financial strength, foreign nationals, great whole life products, impaired risk underwriing, insurance, Juvenile life insurance, Lafayette Life, life insurance, mild situational depression, prostate cancer, tremendous whole life product, Type 1 diabetes, type 2 diabetic
By Ed Hinerman on December 7, 2011
Big giant disclaimer. We have found several highly rated US life insurance companies that will write foreign nationals living in the US and foreign nationals living outside the US. I have kept this fairly low key until I worked through a few cases, one in Jamaica, one in India and one in Bermuda. This isn’t ...read more
Posted in business life insurance, buy/sell life insurance, cancer, Foreign National Life Insurance, foreign nationals, Infinite banking, insurance, life insurance, whole life | Tagged attorneys, business ties to US, CEO's, company owners, executives, financial justification, foreign national life insurance, foreign nationals, high net worth individuals, highly rated US companies, infinite banking, insurable interest, insurance, international buy/sell life insurance, life insurance, multi national business insurance, physicians, professional athletes life insurance, professionals, reason for US policy, strong ties to the US, the process
By Ed Hinerman on November 25, 2011
Over the years I have taken several runs at different ways to get life insurance from US companies for foreign nationals living in their home countries. I went through some dry runs with Sagicor and Pan American and found that, for the most part, the process was very stringent and the prices weren’t very competitive. ...read more
Posted in Foreign National Life Insurance, foreign nationals, insurance, International Business insurance, life insurance | Tagged acquisition of medical records, application and exam in the US, business relationship in US, Canada, Caribbean, Central and South American, cumbersome process streamlined, driver's license, foreign nationals, insurance, life insurance, Mexico, national ID, no business relationship in US, passport, translated into English, US bank account, US billing address, US companies
By Ed Hinerman on November 7, 2011
Without proper business life insurance in force the family of a deceased partner in a business could stand to lose the portion of the business that their loved worked long and hard to create, and to leave as a legacy. A succession plan for a business, whether a buy/sell plan in a partnership, a stock ...read more
Posted in business life insurance, buy/sell life insurance, foreign nationals, insurance, key man insurance, life insurance | Tagged business life insurance, business succession plan, buy/sell plan, foreign national, foreign national business partner, foreign national stockholder, impaired risk life insurance, international business, inusrance, Jamaica, key person, life insurance, liquidate the company, Lloyds of London, multi national business, stock redemption plan
By Ed Hinerman on October 27, 2011
Having spent a good deal of my career steering folks away from whole life insurance I found it fascinating to be talking to a customer that came to me and told me exactly what she wanted to buy. She wanted to do the business through me and it was whole life insurance and she simply ...read more
Posted in cash value, foreign nationals, insurance, life insurance, term insurance, whole life | Tagged agent commission, Bermuda, dividends, foreign national, infinite banking, infinite banking candidates, infinite banking scam, insurance, life insurance, money it can save, paid up additions, participating whole life, whole life insurance |
By Ed Hinerman on October 25, 2011
Impaired risk life insurance has always been the cornerstone of our business. That decision to take the life insurance agent path less traveled has proven to be a blessing for our clients and for me. The majority of agents are after the majority of clients. Clients who have never had a health issue and don’t ...read more
Posted in business life insurance, buy/sell life insurance, executives, Foreign National Life Insurance, foreign nationals, foreign travel, insurance, key man insurance, life insurance | Tagged application process, Bermuda, business owners, CEO's, executives, impaired risk companies, impaired risk life insurance, insurance, international business, Jamaica, life insurance, Mexico, professional athletes, professionals, prostate cancer |
