A new William Russell customer survey says that the majority
of expatriates are taking the risk of not having any life or income protection
insurance in place.
The survey was completed by 650 expatriate policyholders
from all parts of the world. When asked whether they had any life or income
protection insurance in place, with any insurer, 61.4% said no and 5.7% were
unsure. Only 32.9% have life and/or income protection insurance.
Expatriates are far more likely to insure their health than
make financial provision for either their untimely death, or the risk of them
being unable to work due to an illness or injury.
James Cooper of William Russell, says“ It is worrying to see
how many expatriates are not making financial provision in the event of their
untimely death, or an illness or accident that would prevent them from
working.”
International Life insurance protection is available to expatriates, and
can prove invaluable to families struggling to cope with bereavement. Also,
with advances in medicine meaning that more people are living for longer with a
serious illness or injury, the need for income protection insurance is now just
as significant as the need for life insurance cover.
International health insurance news: 10 May 2012
