Life Insurance for Migrants to Australia

Individuals and families contemplating a move to Australia, whether permanently or on working visas, will often need to review their life insurance arrangements. Three common reasons are:

• Moving to Australia will often involve the sale of the family home and the cessation of the life insurance arrangements that protect the home in the event of the death of one or both of parents/owners. For many people this is the family's main, or only piece, of life insurance.

• Life insurance policies taken out overseas will sometimes cease to have effect when a person moves permanently to another country. Thus, although premiums may continue to be paid in the home country the life insurance company may validly refuse to pay a claim. Migrants wishing to continue with policies taken out overseas should check with the issuing company.

• For a number of migrants, the sum insured in their country may no longer be adequate in Australia to provide for their families in the event of their death, or their partners.

Migrating to a new country can initially be a stressful and dislocating experience and it is probably one situation where the need for comprehensive life coverage is at a premium - and yet it corresponds with a period when many people, for the reasons noted above, have inadequate or no cover.

If you wish to ensure there are no gaps in your coverage, or want to review your level of coverage even before entering Australia, please complete the Inquiry form below.

Complete the Inquiry form