Where can I get income protection that will cover me working overseas?
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After being made redundant in my last job, having income protection really saved me. I want to make sure I have it again for my next job.
ptd2010
1 year ago
Expert Financial Adviser Answer
Darren Smith
answered 1 year ago
firstly, most new policies will require approx 6 months steady work in the same job before you are eligible to apply for a policy which might be either a mortgage payment protection plan or accident/sickness/redundancy plan.
these are generally designed to cover short term periods but there are income protection plans which can cover right up to retirement age for health related claims.
insurers will consider the type of job you do (and the implied risk of the occupation) as well as the location. there are companies that will cover overseas work but they will be specialist and therefore a lot more work is involved in providing specific terms.
i have been able to successfully place cover for these circumstances but sometimes you might find that the job or location is simply considered unacceptable to some companies.
i would suggest that you get in touch and i can willingly act on your behalf to help you source cover but its not as easy as putting your details into a search engine or comparison site.
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these are generally designed to cover short term periods but there are income protection plans which can cover right up to retirement age for health related claims.
insurers will consider the type of job you do (and the implied risk of the occupation) as well as the location. there are companies that will cover overseas work but they will be specialist and therefore a lot more work is involved in providing specific terms.
i have been able to successfully place cover for these circumstances but sometimes you might find that the job or location is simply considered unacceptable to some companies.
i would suggest that you get in touch and i can willingly act on your behalf to help you source cover but its not as easy as putting your details into a search engine or comparison site.
Expert Financial Adviser Answer
Paul Ross DipPFS CII(MP&ER)
answered 1 year ago
Most insurers will consider this, but it all depends about where you're going and what you're doing. One of my clients is a sales rep and has to go to China, Mexico, a host of European countries, US and Iran and we had no problem getting income protection for him. We just had to stipulate why, where and fo how long and they will come back with terms
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