To determine a foreign national's eligible, it's important to note that full- or part-time residents of certain countries won't be offered coverage due to their country’s risk classification. Additionally, some countries don't allow full-time residents to buy life insurance outside their home country. Since these rules may change over time, check with us or a specific carrier to be sure if you are qualified for life insurance in U.S.
Government Regulations
- If you’re a permanent, full-time resident of Belarus, Burma, Cuba, Gaza Strip (Palestine), Iran, North Korea, Sudan, or Syria, you can't get a policy because of current U.S. legal restrictions. This list is current as of June 2017, according to Prudential.
- If you’re a permanent, full-time resident of Argentina, the Bahamas, Belgium, the Canary Islands, the Cayman Islands, Costa Rica, the Czech Republic, France, Greece, Hungary, Ireland, Italy, Japan, Malta, Monaco, Netherlands, Panama, Poland, Portugal, Puerto Rico, Saipan, Singapore, South Africa, Spain, St. Barthelemy, St. Kitts & Nevis, Switzerland, Turkey, the U.S. Virgin Islands, United Arab Emirates, Uruguay, or Venezuela, your government won’t let you buy life insurance in the U.S. However, part-time residents may still qualify. This list is current as of June 2017, according to Prudential.
Risk Classifications
In addition to legal and governmental restrictions, U.S. insurance carriers won't offer coverage to citizens of some countries due to risk classification. Afghanistan, Colombia, Cambodia, Haiti, Iraq, Lebanon, and Russia fall under this classification. Sometimes, risk classifications will differ between cities and outlying areas in the same country. For example, Prudential's current ratings show the metro Manila area of the Philippines as a "B region," while the rest of the country is a "C region."
If you live in a country with a low risk classification, like Australia, Canada, or Mexico, you’ll have a wider range of options for policy types (term, whole, or universal) and may be able to get preferred best rates.
Feel free to contact us so we can help you better evaluate your situation.