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MULTINATIONAL UNDERWRITERS
Lloyd’s Correspondent
IC+
TERM LIFE INSURANCE FOR THE INTERNATIONAL MARKET
PRODUCT DESCRIPTION / GENERAL UNDERWRITING GUIDELINES
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Product:
Term Life Insurance – Up to 10 Year Term
No Cash Value
No Surrender Value
No Conversion Option
Underwriting Requirements:
Other Requirements:
- If the total amount of Life Insurance applied for (all companies) is
greater than or equal to $350,000, a Financial Questionnaire is Required.
There are two Financial Questionnaires; 1 is required when the purpose of
purchasing the insurance is Personal Protection, Inheritance Tax or in
connection with a Private Residential Loan; the other is required when the
purpose of purchasing the insurance is Keyman, or in connection with a
Commercial Loan.
- A Medical Questionnaire, completed within 30 days of Application, by a
licensed Physician, is required at the following amounts of insurance:
Age Amount 35 or Under $225,000
36 to 45 $187,500
46 to 50 $150,000
51 to 55 $112,500
56 to 60 $ 75,000
61 to 65 $ 37,500
66+ Any amount.
Note, these guidelines apply to "clean" Applications only. If
there are disclosures, individual consideration will be given, and a Medical
Questionnaire may be required.
- This product is available only to individuals residing outside the US at
time of Application. Premium surcharges will be made for individuals
residing in "hot" areas of the world.
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