Term Life Insurance Quote Living Abroad

by Jeff Rose on April 5, 2012 · 4 comments

If you frequently travel abroad, then getting a term life insurance policy can be a little tricky. Luckily, the only time that this applied to me is when I was in Iraq, but I was covered under the military’s life insurance policy and didn’t have to worry about getting approved by a third party carrier.

I recently took a call from a gentleman who was a US resident in the state of Florida, but also had a residence in Jamaica. He split most of his time between the US and Jamaica, so he wasn’t quite sure how getting a term life policy would work.

Life Insurance Quote living abroad 20 year term $500k Policy

20 year term $500k Policy

How to Get a Life Insurance Quote if You’re Not Currently in the U.S.

First things first, if you do travel or live abroad then getting term life insurance, at least at a preferred rate, might be a little bit more difficult. It all really depends on how much you travel. If you are only out of the country for about two to four weeks a year then most carriers won’t frown upon approving you at a preferred rate. If you’re like this gentleman where he’s out of the country greater than six months a year, than it’s going to be a lot more difficult. It’d probably be really hard to be approved at a preferred rate. It may also be hard to get all the insurance carriers on board.

As it turns out, there are some or the top life insurance companies that will insure someone that is living outside the US, even if they are gone the majority of the year. These companies include Transamerica Life, Prudential, and American General.


The only catch is that if you are traveling greater than two to four weeks a year, then even these companies most likely want approve you at a Preferred rate. The highest rate that you’ll be able to get is a Standard Non-Smoking Plus. This is right between the Preferred rate and a Standard rate, so yes it could be worse and more expensive, but at least, you know that you can get some coverage.

The gentleman that was interested in getting life insurance was 52 years of age and was looking at getting a 20-year term policy. He was going to decide between a $500,000 term life policy or a $250,000 term life policy, depending on what the quote came back. He also was looking to have a monthly pay versus paying his premium annually.

20 Year Term $500,000k Face Amount for a 50 Year-Old Male Standard Plus Rate

Guaranteed Pricing life insurance quote living abroad

Rates between the top 3 carriers

Between the top three on the $500,000 30-year term policy, the cheapest option was with Transamerica at $167.83 per month. The other carriers, Prudential and American General, were only $3 and $6 off that price respectively.

20 year standard non smoker plus policy

20 Year Term $250,000 Male 52 Year Old

20 Year Term $250,000 Policy 50 Year-old Male Standard Plus Rate

For the 20-year $250,000 term policy, the rate came to be $88.88 per month, but in this case, it was Prudential Financial that has the lowest rate. On an annual rate, that was only $987.

term life insurance quote living abroad

Top 3 Carriers for $250k 20 Year Term

Other Factors For Getting a Life Insurance Policy if Living Outside U.S.

Other items you’ll want to consider if trying to get approved for a life insurance quote in the U.S. is that you’ll have to get your medical exam while in the U.S.   There are really no exceptions on this one.  The other factor is that the policy will most likely also have to be delivered to you while living in the U.S.  You’ll have to double check with the insurance company to see specifically how the handle it.

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{ 4 comments… read them below or add one }

Kiran September 19, 2012 at 10:35 pm


I’m a naturalized US Citizen currently living in USA. I’m planning to move back to India permanently next year. I have no plans of coming back to USA. I will maintain USA Citizenship in India for the rest of my life.

Can I get Term life Insurance (30 years) for $500 K now while living in USA which will also be covered in India after I move back permanently?



Jeff Rose September 27, 2012 at 3:35 am

@ Kiran Be sure to contact our office and we’ll talk about your options.


Jim November 6, 2013 at 3:16 pm

Hello, Jeff
Can you help me get Life insurance? I live in Thailand and will not be back in the US for another year or two. How do i quilify for the physical over here?
thanks for the help


Jeff Rose November 15, 2013 at 10:43 pm

@ Jim Contact our office and we’ll explain your options.


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