Expatriates working or living in European countries are urged to review all their insurance arrangements to ensure they have the right cover in place.
People moving abroad do so thinking their existing life insurance cover is not affected, However it is an area of financial planning often neglected, according to Guardian Wealth Management (GWM) who says that people moving abroad believe erroneously that their existing insurance cover includes overseas territories. “We find people will have taken out life insurance in their home country thinking it will cover them anywhere, but insurance is often very specific and changes to circumstances, such as a change of country of residence, if only on a temporary basis, can severely limit or e...
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