Australian Life Insurance for Ex-Pats

Life Insurance is an umbrella term for the different covers that provide financial protection in the event of your death, permanent or temporary disability and upon diagnosis of a range of critical illnesses.

Compared with Life Insurance companies in overseas markets, Australian Life Insurers are renowned for their innovative and competitive product offerings.

After a period of limiting the availability of Life Insurance solutions in the Australian market to expats, a well-defined offering is now available again for clients working and residing overseas with genuine insurance needs.

Insurance can;

• Protect your assets, income, lifestyle and retirement goals in various situations.

• Give you peace of mind – life is a mix of positive and negative events, and it’s important to plan for them realistically. An insurance contract is one of the most cost-effective ways to do this.

• Help you effectively mitigate risks that may affect your ability to build wealth and achieve your retirement goals.

Personal Insurance

Australian non-residents can apply for Life cover, Total and Permanent Disability, Trauma and Income Protection. These covers are summarised below;

• Life insurance provides a lump sum payment to beneficiaries in the event of death. This payment can help cover expenses such as funeral costs and outstanding debts and provide financial support for dependents.

• Total and Permanent Disability (TPD) insurance provides a lump sum payment in the event of total and permanent disability. This insurance helps cover medical and rehabilitation costs, pay off debts, and support living expenses.

• Trauma insurance, also known as critical illness insurance, pays a lump sum in the event of a specified serious illness or injury, such as cancer, heart attack, or stroke. This payment helps cover medical expenses, treatment costs, and other financial burdens associated with the illness.

• Income protection insurance provides a regular income stream if the insured cannot work due to illness or injury. It typically covers up to 70% of your pre-tax income, helping you manage everyday expenses like mortgage payments and household bills.

The information contained is general information only and does not consider your personal objectives, financial situation and needs. We strongly recommend that you do not act on any information provided in this document without individual advice from a Keystone Wealth Financial Adviser. You should also obtain a copy of and consider the Product Disclosure Statement for all financial products before making any decision.

The Expatriate always tries to make sure all information is accurate. However, when reading our website, please always consider our Disclaimer policy.