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An increasing number of people are choosing to live and work abroad, many on a permanent basis. A lot of these people will have taken out life insurance policies in their country of origin, such as the UK, but many people forget to check whether or not their insurer will pay out if anything should happen to them whilst they are residing in another country.

The purpose of life insurance is to protect those that are financially dependent upon you in the event of your death. If you were to pass away tomorrow would your children and spouse be able to continue living in their own home? Would your children have the financial support required for higher education?

If you are the main breadwinner, whether you work in the UK or abroad, comprehensive life insurance is essential in protecting your family’s future. Life insurance is a contract between the policy holder and the insurer whereby the insurer promises to pay a certain sum of money to a named beneficiary in the event of the death of the policy holder.

AES specialise in providing independent financial advice to those seeking expat life insurance that covers them fully in case the worst happens during their time spent living and working abroad. Setting up an expat life insurance policy, or any life insurance policy for that matter, is much more cost effective than you might think.

Contact us today to discuss the offshore banking options available to you.

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