Process to sell USD denominated life insurance

Typically, this could be very onerous especially in the case of whole of life or permanent insurance. Some term insurance policy with light underwriting requirements might be easier.

Whole of life insurance typically needs some form of medical examination to understand mortality and or morbidity risk better by the insurer. Getting that done locally will be much more convenient than getting than done whilst abroad.

Remember underwriting as mentioned before will influence the price of the insurance and the contracting needs to take place in a jurisdiction where the insurance provider is registered and authorised to do business.

FICA requirements must also be met for any financial transaction in today’s regulated financial services environment.

Leave a Reply

Your email address will not be published. Required fields are marked *