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Monday, 08 October 2007 |
What is Term Life Assurance?As an Expat resident in France, are you looking for Life Assurance cover?
If you are, then first, a word of warning here.
If you have ever enquired about a pure Life Assurance policy in France, you will most probably have been offered an “Assurance Vie”. Unfortunately, an “Assurance Vie” is a type of Life Assurance scheme where you can invest in a huge range of different managed funds, enabling you to invest very tax efficiently in France. It is not pure Life Assurance as the majority of British Expats would know it, but more of an investment vehicle.
 The policy you should look for is an “Assurance Décès”, as, in France, this is basically the phrase used to describe Life Assurance, rather than what appears more obvious, at first glance, “Assurance Vie”.
So what is Life Assurance?
Life Assurance, simply put, is a policy that pays out a lump sum in the event of the policyholder’s death, with the purpose of protecting loved ones and dependents against financial hardship.
Life insurance is usually available on a single or joint life basis. If the policyholder is alive when the policy expires no payment is made and, should the policyholder stops paying premiums at any stage, the policy has no value.
Such Life Assurance plans never have a cash-in or surrender value attached to them.
Term Life AssuranceWe can help with the life assurance requirements for U.K. expats permanently resident in France, with either an annually reviewable and renewable policy international life assurance policy, which is designed to provide continuous coverage for you until normal retirement, or, alternatively, if you are looking for a more traditional life assurance policy to cover any period up to 10 years, subject to limitations, and with guaranteed premiums, then we are in a position to be able to look at that for you as well.
A life assurance policy is a policy that provides for a lump sum settlement to your dependents or a nominated beneficiary of the life assured, or policy owner, in the event of your death, thereby helping towards financial security.
These plans are designed to cover a wide variety of occupations, locations, and circumstances.
They can also be arranged to provide an additional separate cover in the case of a permanent or total disability.
These plans can also be underwritten in Sterling, Euro or U.S. dollars.
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Last Updated ( Thursday, 04 June 2009 )
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