Regency for Expats Life Insurance
Regency for Expats is part of Regency Assurance and, launched in 2014, it specialises in insurance and financial services for globally mobile individuals, companies and government bodies.
Regency for Expats Life Insurance is a new simple life insurance product for globally mobile executives and expat employees around the world.
As well as life cover, the policy includes a geographic extension as standard, which means customers can remain fully insured even if they move country. Additional benefits include upfront payments, 24/7 international assistance, mortal remains repatriation, child chaperone services and bereavement counselling.
Comment: Expats need more protection insurance than just the more common international PMI, yet getting even simple life cover can be far from simple, and geographic limitations can cause significant problems too.
Regency’s solution is simple (not that life insurance usually gets very complex anyway!) and includes a geographic extension as standard. As we went to press at the end of April 2017, we had not received full details of the product, so do check out the T&Cs. However, this looks to be a useful additional option for expats looking for simple life cover that takes account of the particular needs of expats.
Plus points: Simple life cover for expats; Includes geographic extension as standard; Includes 24/7 international assistance; Mortal remains repatriation and child chaperon services can be invaluable too.
Not so plus points: International life insurance is quite a specialised area and care needs to be taken on issues such as trusts; Our thumbnail review has not been able to look at the full T&Cs so do check those out.
Website: www.regencyforexpats.com.
Rating (max 10): Innovation: 8. Overall: 8. Gold
Tags: Term; Regency Assurance