It will cover your life. Meaning that no matter where you are in the world, your beneficiaries will be financially safe and sound should you pass away when you are abroad.
However, you’ll need to be more careful about what you get up to on holiday, as many Life Insurance policies will have exclusions.
Does your Life Insurance cover all of your family abroad?
Hazardous activities – some insurers may allow the one off bungee jump included in the policy, but most will exclude the potentially dangerous sports and activities you’ll want to try on holiday. Skydiving, paragliding, and even parachuting can be excluded. This means that should you die due to any of these activities, your insurer can refuse to pay out to your beneficiaries.
- You may find that your insurance policy will not cover you should you travel to certain countries that are excluded. This could be any places that are currently at war or are experiencing social and/or political unrest. Any place that is potentially life endangering will most likely be excluded.
- If you travel for long periods of time (usually 30 days or more) then your Life Insurance may not cover you. Whether you’re working abroad, or just travelling then you will need to check exactly what your policy will cover. The same goes for if you are moving abroad permanently.
Always be as prepared as possible for holidays abroad
It’s important to check with your policy and contact your insurer if you are at all concerned about not being covered by Life Insurance while you are on holiday.
You might also want to consider travel insurance, which will make sure you are covered against any disasters or emergencies that could occur while you are away. You can find a summary of exactly what sort of cover is available at https://www.gov.uk/foreign-travel-insurance.
If you need to find Life Insurance then Active Brokers are here to help you. We specialise in finding Insurance for people with medical conditions, but we can find you quotes for any type of Life Insurance available – we can help tailor a policy to suit your specific needs.
About Active Brokers:
Active Brokers have over 15 years of experience assisting people just like you find Insurance policies. From Life Insurance to Business Insurance, our experts will be able to guide you through the decision, meaning that you will get the lowest price on the market for the most suitable policy. We are based in Chelmsford, Essex but can help you find insurance no matter your location within the UK.