Many foreigners visiting the United States do not have immigration status in the United States, do not live in the United States, and only occasionally come to the United States for vacation, tourism, business trips or medical services. For example, in recent years, more and more Chinese residents will go to the United States for tourism and shopping, and some are still buying houses and investing in the United States, giving birth to American babies, or taking care of their children to go to school, etc., so do< strong>As a foreigner, can buy American life insurance?
The answer is: yes.
There are dozens of insurance companies in the United States that accept foreigners to purchaselife insurance. Generally speaking, foreignerspurchasinglife insurance will not be restricted, but the insurance company will according to the policyholder and Contacts in the United States (such as whether there are real estate, companies, deposits, etc.) to determine whether the underwriting can be passed, and will also carry out risk classification and evaluate the specific underwriting level according to the nationality of the insured. We can click on the recommended reading above for details. learn.
What is the process for foreignerspurchaseUS insurance?
The first step is entering the country. The insured must enter the United States legally, such as holding a visa, green card, and other valid documents.
The second step, planplan. Communicate basic information with licensed professional brokers/financial advisors, evaluate insurance feasibility and tailor-made insurance plans.
The third step, physical examination. Accept medical examination at the medical service institution designated by the insurance company. Including, blood test, urine test, blood pressure measurement, height and weight measurement, electrocardiogram. The policyholder does not need to pay this fee. At the same time, policyholders need to prepare medical records for the past 5 years.
The fourth step is to openaccount. The premium payment only accepts transfers from bank accounts in the United States, so you need to use your passport to open a bank account in the United States.
The fifth step is to return home. After completing steps 1 to 3, customers can choose to return home or continue traveling in the United States.
The sixth step, sign accept. It may take 1-3 months for foreigners to underwrite the insurance policy, and a special person will be responsible for the receipt and delivery of the policy.
ForeignerspurchasingAmerican life insuranceNotesItems< /strong>
The purchase of American life insurance by foreigners is subject to strict industry regulations. All foreign policy applications must comply with the insurance policy requirements of the insurance company.
In a previous report by American Life Insurance Guide, Zurich Life Insurance Company refused to settle the claim for a Chinese entrepreneur on the grounds of “dishonest policy application”, and finally sued Bo in court.
Common considerations for foreigners purchasing U.S. life insurance include*:
1. All documents are in English for and for applicationPlease
2.All solicitationslinesarerequired Musttake place within the United States
3.Take the fact as the truththe principlethe rule >HonestyDisclosure
*Each insurance company has different compliance regulations, this article only describes common general principles.
