Life insurance and territorial limits
Life insurance and territorial limits
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Discussion

HundredthIdiot

Original Poster:

4,477 posts

315 months

Tuesday 19th August 2008
quotequote all
Need to insure life, age mid-thirties. Standard policy is level term with EU territorial limits.

Currently living in Ireland, but may well move country (Hong Kong, Canada etc) some time during policy period.

Level term means I'm paying more when I'm younger, but if I move outside territorial limits I'll need to drop the policy, therefore losing the benefits.

Should I go for escalating term, renewable term, decreasing term, or stick with level term?

Are there any policies with "industrialised world" territorial limits? (not planning on moving to hellhole or warzone).