The direct foreign investment in the U.S. has maintained a steady rise in the past recent years, moving from $33 billion from 2016 to over $50 billion in 2018. This development has necessitated the need for more foreign nationals to maximize the flexibility of the U.S. life insurance market to protect their family, career and business interest.
As a foreign national, all you need to have life insurance coverage in the U.S. is proof of ties to the U.S. and a medical examination. You have ties strong enough to get a policy if you belong to any of these categories of foreign nationals:
- You are a business owner or a high net worth individual with business interest in the U.S.
- You live and work in the U.S.
- You are married to a U.S. citizen.
Life insurance is a fundamental personal finance plan that protects your family both in your lifetime and when you pass away. Life insurance doesn’t only provide death benefits, there are often numerous living benefits attached to it which you can use to meet your needs. Its flexibility makes it a must-have for everyone irrespective of age or nationality.