Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years Leslie Kasperowicz

UPDATED: Sep 29, 2021

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The Brief

  • Life insurance rates for expats are the same as insurance costs for U.S. citizens
  • Some life insurance companies demand expats get a medical exam
  • You can get term life insurance rates for as low as $9 a month

Did you know life insurance companies that cover expats charge the same rate to U.S. citizens? Life insurance for international travelers is as low as $9 a month.

International life insurance companies have a much larger reach and more expensive rates. But where can you find life insurance when living abroad?

Don’t worry – our guide explains everything you need to know about buying term life insurance for expats.

Once you learn everything about the top life insurance companies that cover expats, enter your ZIP code in the free comparison tool above to compare multiple companies in your area.

What are the best life insurance companies that cover expats?

If you’re an international traveler who needs life insurance, try shopping with the best life insurance companies in the United States.

But how do you know which life insurance companies are the best? Check out the list below to see the top life insurance providers by market share and direct premiums:

Top 10 Life Insurance Companies By Direct Premiums Written in 2020
RanksCompaniesDirect Premiums WrittenMarket Shares
1stMetLife Inc.$103,335,05513%
2ndEquitable Holdings$62,688,6578%
3rdPrudential Financial Inc.$61,913,9768%
4thNew York Life Insurance Group$40,211,6425%
5thMassachusetts Mutual Life Insurance Co.$38,461,1975%
6thPrincipal Financial Group Inc.$26,439,6713%
7thLincoln National Corp.$25,385,4503%
8thWestern & Southern Financial Group$22,920,7173%
10thAmerican International Group (AIG)$22,620,8033%
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MetLife, Equitable Holdings, and Prudential are the top three life insurance companies in the United States.

Most life insurance companies provide coverage for foreigners who have a green card or carried-approved visa.

But how much is life insurance for foreigners? Read the following section to learn more.

How much are life insurance rates for expats?

You’ve seen the top life insurance companies in the previous section. Let’s examine the monthly rates of cheap term life insurance at the best companies:

Average Term Life Insurance Rates and A.M. Best Ratings by Company
CompanyAverage Monthly Term Life Insurance RatesA.M. Best Rating
Banner Life$9A+
Guardian Life$10A++
Haven Life$11A++
John Hancock$11A+
Mutual of Omaha$12A+
New York Life$11A++
Northwestern MutualN/AA++
Pacific LifeN/AA+
State Farm$15A++
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These life insurance rates reflect term life insurance policies with at least $100,000 in death benefits and a 10-year term.

Expats are international travelers who are in a foreign country for work or other business-related ventures.

Life insurance for expats and U.S. citizens will vary. That’s because life insurance quotes for expats are determined by age, health, policy type, and company.

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Which life insurance companies don’t cover expats?

Smaller, local-level insurance companies don’t have the financials that MetLife, MassMutual, or Mutual of Omaha does.

Therefore, smaller life insurance companies may have a hard time insuring expats.

Before you buy life insurance for expats, shop around with various life insurance companies and ask if your expat status would affect your chances of purchasing a policy.

How does international life insurance work?

International life insurance works the same as any other insurance policy. You’ll likely need a medical exam, especially for permanent life insurance options.

Once you have a medical exam, show your results to the life insurance company. They’ll provide you with several options, such as life insurance policy types and life insurance riders.

Riders are add-ons that cover parts that standard life insurance won’t cover, such as accidental death and dismemberment.

Finally, you’ll need to choose a beneficiary. Check with your life insurance company to see if there’s a limit on beneficiaries.

Expats have the same options under international life insurance. But all life insurance companies have a specific signature on how they provide policies.

Why do I need expat life insurance?

Getting life insurance ensures that you protect your estate if a life-altering event occurs. Fatal accidents happen more often than we’d like them to, so expats should be prepared.

Also, life insurance can also work even while you’re alive. Permanent life insurance policies, such as whole life insurance and universal life insurance, give you investment and accumulated cash account opportunities.

For example, William Rusell’s term life insurance program doesn’t have the same perks as other income protection policies.

However, permanent life insurance options are more expensive than term life insurance. Keep in mind that several factors determine whether affordable life insurance for expats is available.

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What You Need to Know About Life Insurance Companies That Cover Expats

Expats have the same opportunities for life insurance as U.S. citizens. Also, any U.S. citizens who travel outside of the country can buy life insurance.

If you are traveling for work or visiting another country, you should talk to your life insurance company about it. Explore your options. If you’re looking at life insurance companies that don’t cover expats, there may be a rider that includes traveling abroad.

Now that you know more about life insurance companies that cover expats, use our free online quote tool below to compare life insurance quotes from multiple companies near you.