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David Gordon

Selling Life Insurance to Americans Living Overseas

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With Pan Am an offshore corp to run the business through is set up and the paramed is done in the USA.  However, Pan Am will write in almost any country and offers term, UL and soon IUL.  The clients need to come to FL, TX, or AZ to sign the application.  Underwriting will look at meds in advance, but they want the exams done in country.  National Western is rolling out a similar program. 

met life and transamerica
fly back to usa.. transamerica will allow power of attorney.. to deliver policy..

Global American is for high net worth individuals.



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Hello Agent,

There are a variety of options for non-citizens and citizens living abroad.  However, the clients must come to the U.S. to get examined and sign the application.  Pan Am and National Western offer term and permanent insurance to foreign nationals.  The other carriers that play in the space only offer permanent products.  I hope you find this information helpful.  If you have a case in mind that you would like to discuss, I would be happy to chat with you about it.

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Global Atlantic - 

  • Worldwide Assets Considered – Program is designed for “High Net Worth” foreign nationals, so we require a $2 million net worth. However, the assets are not required to be in the U.S. Will consider assets anywhere in the world to meet this requirement and to justify the amount of insurance coverage sought.
  • Translated Materials – Purchasing a policy in a second language can be challenging. We have translated certain marketing materials to Chinese and Spanish.
  • Limited Power of Attorney (LPOA) – Makes it easy for clients who need to return to their home country before the policy is issued. An LPOA form is available to facilitate delivery of the policy in the event the foreign national is no longer in the U.S.

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