It is a good idea to have a life insurance policy in place before you travel, especially if you travel frequently or you travel out of the country. For most people, their regular insurance plan does not cover them when during travel. Life and travel insurance are the best ways to ensure that if something happens to you while you are far from home, your medical bills are paid.
Travel Life Insurance
Before traveling, many people will buy flight accidental death insurance. This type of insurance can cover you while you are in the air or it can cover for the duration of your trip. It is also a good idea to purchase travel life insurance if you will be going to a dangerous country. In the event that you are killed while on travel, the life insurance will pay to have your body flown back to your family. It is important to know that if you will be traveling to a particularly dangerous country and you choose to purchase life insurance for that purpose, you may be subjected to higher insurance rates than someone would be who was traveling to a safer country. It is possible you may be denied life insurance coverage all together. As of 2007, the following 15 countries are considered high risk when it comes to insuring travelers:
- The Philippines
Iran has clashed with the U.S. regarding issues in politics for a long time now. The combination of that factor and the fact that Iran offers no support for U.S. Diplomats is what drives life insurance companies to declare Iran an unsafe country to travel to.
Afghanistan, as well as several other countries on the list, is very vulnerable to terrorist attacks at any given time. Sudan sees a great deal of kidnapping and violent acts, which is why it is so dangerous to travel to and so hard to get insured for. Yemen is unsafe due to the fact that Muslim activist groups are very prominent there. The residents of Yemen highly dislike Americans in general. Lebanon is dangerous for Americans as well, because it is not uncommon for them to become subject to attacks from terrorists while visiting this country. Kenya is on the list because suicide bombings are common there and the country has a high crime rate.
People who will be living abroad for an extended period of time are also advised to obtain life insurance that will cover them during that time. Some companies are known for specializing in insuring those traveling to a high-risk area.
Having travel life insurance information is extremely important when making choosing a plan, especially if you are traveling overseas. It can provide you and your loved ones with the peace of mind of knowing you are taken care of in the event that something happens to you.