Life Insurance

Many life insurers will maintain life insurance coverage for Australian expats while they are overseas, but it is very important that you disclose to your insurer than you are indeed going overseas as this could be considered a change to the policy terms.

Most life insurers will not set up a new policy for Australian expats who are overseas, which means you may have no choice to seek insurance from a local provider in the country where you are living.Given that overseas insurer is unlikely to use Australian morbidity rates to calculate their insurance premiums, you may pay a lot more for life insurance than would be the case if you held a policy with an Australian insurer.