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Guest Darren Songhurst

Life & critical Illness cover

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Guest Darren Songhurst

does anyone know if this can be kept going with existing companies when you move to Oz?

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in a nutshell no i asked my ins company this as you will notice your policy will only cover you for 30-59 days out of the country so i was told then it would become void


NOT USING AGENT TRA SENT 31/01/2007 TRA PASSED 02/03/2007 DONE NOTHING FOR A WHILE ( FOOLS )SENT VISA 137 17/05/2007 PAYMENT TAKEN 04/06/2007 PRE VISA ACKNOWLEGED 06/07/2007VISA ACKNOWLEGED 16/08/2007CASE OFFICER 20/09/2007X-RAYS 21/09/2007

POLICE CHECKS SENT FOR 21/09/2007MEDICALS COMPLETE 25/09/2007 VISA RECEIVED 21/11/2007:jiggy:

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Guest proud2beaussie

Best thing is to check the wording of the policy,if it doesn't have a condition that you reside in the UK then you should be fine,or alternatively contact the company concerned.

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Guest helen & simon

Hiya,

 

As Nigel says best check with the company. Ours is ok but only for first 12 months as after that the residency status changes and it gets more complicated. As I said not a definitive answer by any means as each case and company different.

 

Helen

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Guest DanielSydney

Hi, this will vary between companies.

 

I know that Australian insurance policies allow worldwide cover for Life, Disability, Trauma and Income Protection.

 

A few of my clients work overseas and have worldwide cover.

 

You can also implement some insurance through superannuation however as usual there are advantagaes and disadvantages of doing so.

 

I specialise in superannuation, insurance, investements and tax planning. If you have any questions feel free to contact me.

 

Cheers,

Daniel

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As above really.

 

It would have all depended on how the application was worded when you first applied with your Life Insurance provider.

 

For example Norwich Unions UK policy application's now ask, "Do you intend to live, work or travel outside of the UK or Europe for a period of more than 30 days", depending on your answer will termine the outcome of how they set up the policy, ie they may include a residency clause.

 

However some of the older plans did not ask this type of question in the application, so these will possibly be ok. A quick phone call to check with the company and they will confirm it for you.

 

Andy


Financial Adviser (FPA Member AFP ®) Specialising in UK Expat Advice and Pension Transfers / AR-322874 /AFSL-234951

SMSF Accredited Adviser / UK SIPP Authorised Adviser 

Director  - Vista Financial Services – www.vistafs.com.au 08 8381 7177

 

Please note that my advice is general advice only and professional financial advice should be sought for your own personal situation.

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