Welcome to I&E. We specialize in life insurance for foreign nationals and non U.S. residents. The following article touches on many of the requirements necessary for eligibility. If you have any questions on the content below or would like to inquire into your specific eligibility, please get in contact with us today.
On your search for the right company to meet your needs it is important to understand that there is no “best” foreign national life insurance company. Rather, the best life insurance company for you will be the one that offers the right policy, designed for your specific need and purpose.
If you are in the market for life insurance as a non resident alien, foreign national, or non U.S. resident, we can help put the pieces together to create a holistic plan that provides you with the ability to create wealth, protect your existing wealth and leave a legacy.
The Estate Planners Tactical Guide
Essential Legal Protection for Achievers
Whole Life Insurance Rates
| Age | $100,000 | $250,000 | $500,000 | $1,000,000 |
|---|---|---|---|---|
| 20 | $83 | $151 | $293 | $580 |
| 25 | $92 | $178 | $348 | $689 |
| 30 | $105 | $216 | $422 | $839 |
| 35 | $121 | $267 | $522 | $1038 |
| 40 | $141 | $326 | $639 | $1273 |
| 45 | $173 | $401 | $789 | $1571 |
| 50 | $214 | $499 | $982 | $1959 |
| 55 | $270 | $629 | $1239 | $2473 |
| 60 | $324 | $802 | $1582 | $3158 |
| Age | $100,000 | $250,000 | $500,000 | $1,000,000 |
|---|---|---|---|---|
| 20 | $56 | $132 | $255 | $504 |
| 25 | $66 | $156 | $304 | $602 |
| 30 | $79 | $188 | $368 | $729 |
| 35 | $96 | $230 | $450 | $894 |
| 40 | $115 | $278 | $544 | $1081 |
| 45 | $143 | $350 | $685 | $1364 |
| 50 | $175 | $429 | $843 | $1681 |
| 55 | $223 | $549 | $1082 | $2158 |
| 60 | $280 | $700 | $1381 | $2756 |
What Types of Life Insurance Can a Foreign National or Non-US Citizen Get?
A qualifying applicant can get any of he three types of life insurance, which include term life insurance, universal life insurance and whole life insurance.
- A term life insurance policy provides coverage for a specified period, offering a death benefit without a cash value component.
- A universal life insurance policy is permanent and offers more flexibility in premiums and death benefits than a whole life policy.
- A whole life insurance policy is also a form of permanent life insurance with a fixed premium and a cash value component that grows over time.
| Click the โ for more info | Term Life | Guaranteed Universal Life | Indexed Universal Life | Variable Universal Life | Whole Life |
|---|---|---|---|---|---|
| Death Benefit | โ | โ | โ | โ | โ |
| Tax Advantages | โ | โ | โ | ||
| Market Opportunity | โ | โ | |||
| Cash Value Guaranteed | โ | ||||
| Flexible Premiums | โ | โ | |||
| Low Premiums | โ | โ | |||
| Fixed Costs | โ | โ | โ | ||
| Chronic Care Benefits | โ | โ | โ | ||
| Convertability | โ | ||||
| No Exam | โ | โ | โ | โ | โ |
| Second to Die Option | โ | โ | โ | โ | โ |
Potential Eligible Countries
Please note: The following lists are subject to change and may not be up to date.
The following list of countries are for informational purposes only. Being a resident from one of the countries is not a guarantee that you can qualify for a U.S. based life insurance policy as a foreign national or non U.S. resident.
Most of our business are Non-US residents of China and Mexico, both currently “B” countries. However, there are many other countries that may be considered.
Residents of the following countries may be considered for U.S. based life insurance
Antigua, Aruba, Australia, Austria, Bahamas, Bahrain, Barbados, Barbuda, Belgium, Belize, Bermuda, Bolivia, Brazil, Canada (except British Colombia and Manitoba), Cayman Islands, Chile, China, Colombia, Costa Rica, Curacao, Denmark, Dominican Republic, Ecuador, Egypt, Germany, Greece, Grenada, Guatemala, Guyana, Holland, Honduras, Hong Kong, Indonesia, Israel, Italy, Jamaica, Latvia, Luxembourg, Malaysia, Marshall Islands, Mexico, Monaco, Montserrat, Morocco, Netherlands, Netherlands Antilles, Nicaragua, Norway, Pakistan, Peru, Poland, Portugal, Romania, Russia, Saudi Arabia, St. Kitts and Nevis, St. Lucia, St. Maarten, Singapore, South Africa, South Korea, Suriname, Sweden, Switzerland, Taiwan, Trinidad, Tobago, Turkey, Turks & Caicos, Ukraine, United Arab Emirates, United Kingdom, Venezuela, Vietnam
Countries that have laws that prohibit the sale of life insurance to their residents include:
Argentina, Canadian Provinces of Alberta, British Columbia and Manitoba, Croatia, Czech Republic, France, Hungary, India, Japan, Panama and Spain.
Citizens of other countries living in Czech Republic and Spain may still be eligible.
Resident vs Non US Resident:ย ย Life insurance companies will consider you non-U.S. residents if you live or travel outside the U.S. for more than three months a year for “B” countries and over six months a year for “A” countries.
List of โAโ Countries:
A Non-Resident Alien from an “A” or “B” country, living in the U.S. full time on a valid visa can qualify for up to $40,000,000 of permanent life insurance with specific carriers. In addition, applicants from A or B countries can qualify for the best rate class.ย
Albania, American Samoa, Andorra, Anguilla, Antigua and Barbuda, Argentina, Aruba, Australia, Austria, Bahrain, Barbados, Barbuda, Belgium, Bermuda, Bosnia & Herzegovina, Brunei, Bulgaria, Canary Islands, Cayman Islands, Chile, Cook Islands, Croatia, Cyprus, Czech Republic, Denmark, Dominica, Estonia, Falkland Islands, Finland, France, French Guiana, French Polynesia, Germany, Greece, Greenland, Grenada, Guadeloupe, Hong Kong, Hungary, Iceland, Ireland, Italy, Israel (excluding Gaza and West Bank), Japan, Jordan, Kosovo, Kuwait, Latvia, Liechtenstein, Lithuania, Luxembourg, Macau, Macedonia, Malta, Marshall Islands, Martinique, Monaco, Montenegro, Montserrat, Netherlands, Netherlands Antilles, New Caledonia, New Zealand, Northern Mariana Islands, Norway, Oman, Palau, Poland, Portugal, Qatar, Romania, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, San Marino, Serbia, Singapore, Slovakia, Slovenia, South Korea, Spain, Sweden, Switzerland, Taiwan, Turks/Caicos, United Arab Emirates, United Kingdom, Uruguay, Vatican City, Virgin Islands (U.S. and British)
List of โBโ Countries
Algeria, Armenia, Azerbaijan, Bahamas, Belarus, Brazil, Cape Verde, China, Costa Rica, Dominican Republic, Ecuador, Egypt, Federated States of Micronesia, Fiji, French Guiana, Georgia, Jamaica, Kazakhstan, Lebanon, Libya, Malaysia, Maldives, Mauritius, Mexico, Moldova, Mongolia, Morocco, Niue, Panama, Paraguay, Peru, Russia, Samoa, Saudi Arabia, Seychelles, Sri Lanka, Suriname, Tonga, Trinidad and Tobago, Tunisia, Turkey, Ukraine, Uzbekistan, Vietnam
List of โCโ Countries
A Non-Resident Alien from an “C” country, living in the U.S. full time on a valid visa can qualify for up to $24,000,000 of permanent life insurance with specific carriers.ย In addition, applicants from C countries can qualify for the preferred rate class (preferred plus rate class not available).ย
Bangladesh, Belize, Bolivia, Botswana, Colombia, Comoros, El Salvador, Colombia, Guatemala, Guyana, Honduras, India, Indonesia, Kiribati, Kyrgyzstan, Laos, Namibia, Nauru, Nepal, Nicaragua, Pakistan, Philippines, Solomon Islands, South Africa, Tajikistan, Thailand, Turkmenistan, Tuvalu, Vanuatu, Venezuela, West Bank
Frequently Asked Questions
Can non-US citizens or undocumented immigrant buy life insurance in the United States?
Yes, if you meet certain requirements you can get U.S. based life insurance as a non-US citizen or undocumented immigrant.
Can a non us resident or non us citizen get life insurance without a medical exam?
Yes, qualifying applicants can get no exam life insurance, even if they are a non us citizen or foreign national.
What is the difference between a resident and a non us resident?
Life insurance companies will consider you a non-U.S. resident if you reside or travel outside the U.S. over three months a year for โBโ countries and over six months a year for โAโ countries.
Can a non US citizen or undocumented immigrant get an ITIN number?
Yes, your Individual taxpayer identification number (ITIN) is issued irrespective of your immigration status because you, whether a resident or nonresident alien, might have a filing or reporting obligation under the Internal Revenue Code.
Conclusion
You do not need to know everything listed here. However, what you do need is to have a life insurance agent that understands foreign national cases and life insurance for non-us residents. At I&E, we will work closely with you to help you obtain your life insurance coverage as a non-US citizen or foreign national. Please reach out to one of our Pro Client Guides today.
The Estate Planners Tactical Guide
Essential Legal Protection for Achievers
8 comments
stephen
Hello there,
I”m interested in Whole Life insurance in order to implement the infinite banking concept.
Look forward to hearing from you
Insurance&Estates
Thank you. We will reach out to you shortly.
steve
could you please delete my comment as contains personal information
Insurance&Estates
No problem. We will not publish your prior comment.
Sincerely,
I&E
Amalia L
I am interested in life insurance and will appreciate a phone number were I can call to provide all my info to get a quote.
Please contact me.
Amalia
Insurance&Estates
Amalia,
Thank you for your interest.
We can be reached at 877-787-7558.
Looking forward to hearing from you.
Sincerely,
I&E
Vaa
I very interested. But I need to see the plan and policy. Had a very bad experience with the previous insurance. I’m not really trusting Insurance nowadays please send me a quote
Insurance&Estates
Thanks for your interest and I’m sorry for your bad experience in the past. If you really would like to work on a plan and policy design, it would be good to discuss your situation and goals in more detail. Please feel free to e-mail me directly at steve@insuranceeandestates.com to begin the conversation. We are committed to transparency, open sharing of information and ONLY providing solid strategic estate planning guidance. Whatever you decide, we appreciate your comments.