Some Of The Biggest Misconceptions About Life Insurance – As a foreigner, I had to explain why immigrants need life insurance. I want to look at the reasons and address some of the common misconceptions we face when it comes to life insurance for foreigners.
Before we get into the subject, I would like to point out that we specialize in life insurance for people from other countries. We have contracted with top operators to handle any situation. If you are unsure of your options and would like us to review your case, please contact us.
Some Of The Biggest Misconceptions About Life Insurance
Before we talk about why expats don’t need life insurance, we found it important to address some of the most common myths when it comes to expat insurance.
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In our business, we have encountered many objections from immigrants who do not know whether they need life insurance or not.
There are many options for purchasing life insurance for non-residents. Current immigration status should not be a reason to delay protection. We have helped people here to get student visa, H1B, O-1, work visa like TN visa, tourist visa, marriage with US citizen.
This is not the case now. We have contracted life insurance companies for undocumented immigrants. This is great! You can get the life insurance your family needs at an affordable price from a great company
There is no answer to this question. Applying for life insurance does not affect your dealings with United States Citizenship and Immigration Services.
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The answer is no, you don’t need an SSN to get life insurance (and other companies).
We have worked with many life insurance carriers and have been able to find life insurance options for clients with an ITIN. In addition, we have guaranteed life insurance options for everyone.
These are just some of the reasons immigrants use to get life insurance for their families. In fact, life insurance is just as important for an immigrant as it is for someone born in the US.
In fact, it may be necessary for foreigners to obtain protection. In many cases, we don’t have the same support system as those born in the US. Family and close friends may still be in our country.
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We were not born in the United States and we have privileges in our lives as foreigners. So why do immigrants need life insurance? When we first arrived in the United States, we had hopes and dreams. However, in most cases, we also come with a budget deficit. We strive to live the “American Dream”: own a house with white picket fences in a good school district; Get a good dog and have smart and healthy children. Indeed, most of us can make our dreams come true, but at what cost?
Little by little, day by day, month by month, we begin to accumulate debts. Now we have a mortgage, car payments, bills, etc. Although we have many financial responsibilities, we are happy. We can provide a better life for our family and children.
Unfortunately, there are many things that can spoil our happiness. One of them is the sudden and unexpected death of a family member. That’s why immigrants need life insurance. We can’t always plan for the future, but we can try to prepare for it.
I’m sure most of us have felt this way at one point or another. If one of us leaves, what will the other do? Should you return home if your spouse dies? However, we live in the United States. It’s so hard to pack up and leave after a few days. We have children with school, work, home and other problems to deal with. It takes time to bounce back, if that’s what we want, and time costs money.
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Of course, this is the first bill your family will face. Whether you choose to have your remains cremated, buried, or repatriated, your family is looking at thousands of dollars. The reality of death in the US is very expensive. There are different cost figures depending on the condition of your home and the type of service you want. Below are some of the survey estimates:
In most cases, there are additional costs on top of the funeral bill. You also need to account for your family’s travel expenses, stays in the US, business trips, vacations from work, household bills, and more.
This is an important issue that we should discuss with our family members and they should take care of what we want.
How many times have you seen a Go Fund me account or a car wash to pay for someone’s family needs? Do you really want your family to do this?
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Unfortunately, when the unexpected happens, your money is gone within days. Possible medical bills, funeral arrangements, and legal bills are just a few examples of expenses that a family may have to deal with. Life insurance takes care of that. Rest assured, your family can focus on what’s most important – grieving.
So no matter why you have to delay getting life insurance, don’t. Expats need life insurance. Keeping safe is necessary and important.
Contact us to get your quote and advise us about your options as an immigrant. We are not an insurance company, nor are we its employees. We contact insurance providers to find the best rate for your situation. Our goal is to provide you with expert and unbiased advice when it comes to life insurance.
You followed your heart and came to the United States to make a life for yourself and your family. Don’t give up on that dream that you didn’t think you should or couldn’t afford.
Busting The 5 Biggest Life Insurance Myths
Janet is the owner of One Stop Life Insurance. He is an independent life insurance agent and has helped hundreds of families across the country get the insurance they need. Are you canceling your life insurance because of hearing loss? It’s time to check yourself. In this article, we’ll take a look at some of the most common life insurance myths and reasons to ignore them.
People often make big decisions in life based on advice or opinions shared with friends or family members. But how can you be sure that what you hear is true? The life insurance sector has seen its fair share when it comes to misinformation. In this article, we will attempt to dispel the most popular myths about life insurance and provide some insight into how life insurance works.
Fact: Life insurance is just as important for a stay-at-home couple as it is for a working spouse. It is noted that life insurance is mostly used only by working people. In fact, life insurance is equally important for stay-at-home parents. Even if that person doesn’t make money, think about the costs to the family if the person is gone.
Think about it – what changes will happen at home if a living partner dies? The working partner must devote more time and energy to the home, which may force the person to take time off from work. Then there are the costs associated with hiring a nanny or housekeeper to help with household chores. So it’s not just emotional turmoil that one has to go through; There are financial implications. To protect the family from financial problems, life insurance is recommended for all family members.
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Myth 2 – My company covers their group life insurance. I don’t need another plan.
Fact: In reality, a person only works for group life insurance before working for a firm. Once a person leaves this job, they are no longer covered. Hence, a separate insurance plan should be in place.
Also, a group insurance company may not be the best fit for a person’s needs because it may be basic life insurance. Hence, it makes sense to take out a separate life insurance policy in addition to the group insurance plan accepted by the company. One should have enough life insurance to take care of and support all one’s debts
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