William Russell has increased the maximum life benefit insured for holders of its Global Life insurance plans, benefiting wealthy expats.
Expats are able to insure their life for up to 20 times their salary including commissions and regular bonus payments to an increased maximum benefit limit of $1,500,000.
The firm has frozen premiums for five years, but has increased Global Life and Global Income Protection plan premiums by 15% from 1 May.
Global Life offers life insurance for individuals and families with optional accident benefit. Cover starts from $27 a month.
Global Income Protection provides a regular income to individuals unable to work through illness or injury and also starts from $27 a month.
While expats can benefit from career and lifestyle opportunities, they must ensure they have the right insurance to financially protect their income and the security of their families in the event of illness, injury or death, says Inez Cooper, managing director of William Russell.
"By increasing our maximum life benefit to $1,500,000 we can offer high-earning expatriates the reassurance that they can select a sum insured that better represents their financial status and provides an improved financial safety-net for their families," he says.
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