Go Back   English Forum Switzerland > Help & tips > Insurance  
Reply
 
Thread Tools Display Modes
  #1  
Old 14.04.2017, 02:33
Junior Member
 
Join Date: Jan 2017
Location: Basel
Posts: 35
Groaned at 0 Times in 0 Posts
Thanked 4 Times in 2 Posts
SWISSgoose has no particular reputation at present
Life Insurance for American living in CH

Does anyone have a term life insurance policy that was written in the US? If so, would you please share the name of the insurance company? We were told American policies are much cheaper than Swiss.
Reply With Quote
  #2  
Old 23.04.2017, 19:42
Medea Fleecestealer's Avatar
Forum Legend
 
Join Date: Jul 2011
Location: Switzerland
Posts: 20,560
Groaned at 355 Times in 270 Posts
Thanked 15,003 Times in 8,622 Posts
Medea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond reputeMedea Fleecestealer has a reputation beyond repute
Re: Life Insurance for American living in CH

My guess is like other insurance policies you have to be resident in the country that issues them. So your stuck with Swiss ones.
Reply With Quote
  #3  
Old 24.04.2017, 17:21
Forum Legend
 
Join Date: Sep 2006
Location: SZ
Posts: 9,858
Groaned at 24 Times in 23 Posts
Thanked 22,058 Times in 7,056 Posts
meloncollie has a reputation beyond reputemeloncollie has a reputation beyond reputemeloncollie has a reputation beyond reputemeloncollie has a reputation beyond reputemeloncollie has a reputation beyond reputemeloncollie has a reputation beyond repute
Re: Life Insurance for American living in CH

Just to give you a data point, or perhaps a reality check, on costs:

We have a small whole life policy with State Farm, taken out 25+ years ago when as poor young things starting out we thought a benefit of 100K was a fortune, sufficient to meet any imaginable future needs. Annual cost is now a bit over 1K. Another very small whole life policy with a benefit of 25K now costs ca 500 per year. (Both were quite a bit less 25+ years ago, something like a couple hundred altogether.)

We took these out when we lived in the US, long before we started moving around the world. No idea if one can take out a US policy from abroad - but the fact that we live overseas now is immaterial. I suppose it wouldn't hurt to ask, especially if you stress that you will be returning to the US one day.

Honestly, today I do not view either of these small policies as a particularly good investment; mostly we keep them going because of sunk costs and inertia. But whether some kind of US policy is a worthwhile investment for you... you need to do your research.

Last edited by meloncollie; 24.04.2017 at 17:38.
Reply With Quote
  #4  
Old 12.05.2017, 19:12
Newbie 1st class
 
Join Date: Aug 2016
Location: Clifton
Posts: 16
Groaned at 3 Times in 3 Posts
Thanked 4 Times in 3 Posts
Quatro has become a little unpopularQuatro has become a little unpopular
Re: Life Insurance for American living in CH

I have one with Voya Financial former ING, $1,000,000 policy, $62 usd a month.
Reply With Quote
  #5  
Old 12.05.2017, 20:31
roegner's Avatar
Moderately Dutch
 
Join Date: May 2011
Location: Zurich
Posts: 8,979
Groaned at 311 Times in 257 Posts
Thanked 9,848 Times in 4,965 Posts
roegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond repute
Re: Life Insurance for American living in CH

Quote:
View Post
I have one with Voya Financial former ING, $1,000,000 policy, $62 usd a month.
BS

reported
Reply With Quote
This user groans at roegner for this post:
  #6  
Old 12.05.2017, 21:28
Newbie 1st class
 
Join Date: Aug 2016
Location: Clifton
Posts: 16
Groaned at 3 Times in 3 Posts
Thanked 4 Times in 3 Posts
Quatro has become a little unpopularQuatro has become a little unpopular
Re: Life Insurance for American living in CH

Do you want a screen shot of my policy? I call BS on your mentality.

OP you would have to come to the states, they will send a nurse to your home, she will collect urine sample and vial of blood (DNA, genetic disease predisposition.

She will ask some questions as she fillsout the health questionnaire, usual questions, age, health history, smoking, do you adventure sports like paragliding, how often do you travel, etc etc
Reply With Quote
  #7  
Old 12.05.2017, 22:04
FunnyBone's Avatar
Forum Veteran
 
Join Date: Jan 2015
Location: Earth
Posts: 785
Groaned at 35 Times in 25 Posts
Thanked 1,101 Times in 497 Posts
FunnyBone has a reputation beyond reputeFunnyBone has a reputation beyond reputeFunnyBone has a reputation beyond reputeFunnyBone has a reputation beyond reputeFunnyBone has a reputation beyond repute
Re: Life Insurance for American living in CH

I call BS, too, unless the US insurance and other companies who offer life insurance changed their policy from 3-4 years ago regarding one's residence. I can't be bothered to look for the info for the OP, you have to do the leg work on your own.

So, Quatro, one has to go to the US to give samples of this and that? Is this all? Maybe you declared that you live there and that is how you qualified for it.
Reply With Quote
  #8  
Old 12.05.2017, 22:12
Newbie 1st class
 
Join Date: Aug 2016
Location: Clifton
Posts: 16
Groaned at 3 Times in 3 Posts
Thanked 4 Times in 3 Posts
Quatro has become a little unpopularQuatro has become a little unpopular
Re: Life Insurance for American living in CH

As long as you pay US taxes you have a right to claim residency there even if living overseas. I still have my driver's license from NJ and my brother's address as my current address there.
Reply With Quote
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Life Insurance - buy in CH or Canada before returning? LorraineEA Insurance 2 27.02.2016 21:16
American living in Zurich looking for work. j.rodriguez4815 Employment 12 29.08.2014 22:59
Can I get insurance for my Car before registering in CH? in Ch clonskeagh Insurance 3 03.02.2011 17:30
Health Insurance requirement (living in UK and CH) bumblebee54 Insurance 8 13.10.2009 19:59
Travel insurance when living in CH Wakey Insurance 5 11.09.2007 23:51


All times are GMT +2. The time now is 03:15.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0