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Jim Said:

Does life insurance cover you when you are out of your home country?

We Answered:

To answer your question, yes, your life insurance will remain in effect while you are overseas.

However, life insurance has what is called a contestability period that lasts for two years. In that period of time the insurance company can contest the death benefit if they can establish that you withheld information that would have made them deny coverage. The company could try to establish that you knew you were heading to a war zone and you withheld that information. On the other hand if you are taking a vacation in Italy or France the company would be hard pressed to prove that they would have not issued your policy.

An extreme example would be the situation where your doctor tells you that you have cancer so you immediately apply for life insurance. You later die of cancer. The company could try to rescind the coverage contending that you knowingly withheld that information in your application.

If you have already had the insurance in place for two years it doesn't matter that your overseas trip is to a war zone or that you decided that skydiving is your new passion.

Jamie Said:

I want a life insurance policy that covers me for life and i want to pay for it up front?

We Answered:

You can pay up front for certain permanent policies, this is not an option that makes sense for everyone. You can read more about single premium life here.
http://www.investopedia.com/articles/pf/…
For exmple a 50-year-old male's $100,000 single premium might give a $400,000 death benefit.

You may want to consider visiting a financial planner before you commit that much money to a life policy.

Michael Said:

life insurance policy that covers whether the policy holder lives or dies is?

We Answered:

You might be asking a more simple question than you actually are. Can you re-phrase your question without using the word "policyholder"?

If the policyholder is you and you are also the insured (that's the complicated part you might not be asking), then the policy will pay when you die as long as it is in force at the time of your death. So you can either buy a policy that will likely cover you until you die, or realize that insurance is so cheap because it isn't likely you would die during that time period.

An alternative is to buy a return of premium term or cash oriented permanent policy. These are often more expensive options than a level term or a death benefit oriented permanent policy. The extra cost may or may not be worth it to you.

I would start by talking with at least 3 different independent insurance brokers or a fee-only financial planner to get a better perspective on what your risk is and how to cover it.

Becky Said:

Can US Life Insurance cover Foreign National?

We Answered:

lifeinsurance.awardspace.info - try this one. I have their insurance and, as remember, they can provide such a service.

Virginia Said:

are there any life insurance covers that have a cash in value?

We Answered:

Both Universal Life and Variable Universal Life build cash values, however each product is engineered differently for a specific purpose. Some UL products are designed for wealth transfer, estate tax planning and even college funding. There is no one solution that fits everybody.

You can also purchase Return of Premium Term insurance. ROP Term is more expensive that traditional term, but typically much less expensive than UL. At the end of the term period, if you aren't dead of course, you get every cent you paid in premium back.

Kim Said:

Is there any life insurance company that covers pre existing cancer?

We Answered:

If he is not confined to a hospital, he may be able to get a guaranteed issue policy. Otherwise, he will have to wait until a few years after his final treatment to consider a standard company. But yes, if a standard company took him, it would cover death due to cancer as well.

If you pay in as much as the death benefit, it is called an annuity, not life insurance. This might also be an option if he has wealth transfer issues and his prognosis looks grim (of course I hope it doesn't).