Client moved to France, needs a new policy this december, what carrier options does he have?

[LifeInsurancePro]

Client moved to France in the last couple of years, would like a new term policy come this Dec. He plans on continuing to live in France and getting dual citizenship. What carriers would be best for this situation?

 

[Al3x Lee]

Client moved to France in the last couple of years, would like a new term policy come this Dec. He plans on continuing to live in France and getting dual citizenship. What carriers would be best for this situation?

Is he going to have any assets left in the US? If not I would recommend he speak to a French agent, I think most of the agents here are US based. Insurance can be set up entirely different in different countries.

 

[LifeInsurancePro]

@Al3x Lee yes he will still have assets here.

 

[Al3x Lee]

@Al3x Lee yes he will still have assets here.

What assets will he keep in the US?

 

[LifeInsurancePro]

he has a house, also has a bunch of student loans

 

[Tahoe Ray]

A french citizen can normally not buy a US life policy (same with Japan, Italy, and some other countries). You can consult your carriers on this but Prudential and Symetra both have pretty extensive guides.

You can also always look at Lloyd's coverholders. They'll insure almost anyone.

If he wants this policy, get it now before his citizenship processes.

 

[goillini52]

he has a house, also has a bunch of student loans

Student loans are assets?

 

[mudhound]

He'll have to see a french agent.
May also depend on how long he stays there vs here??