Case Success: Foreign National Proficiency Places Policy

A tricky Uruguayan Foreign National case results in successful placement of a $2M term life policy with a target premium of $20,150.

Situation

A 65-year-old male foreign national from Uruguay was seeking $2,000,000 of term coverage.

When working on a case in the foreign national space, there are a few carriers you can rely on to make the process seamless. With robust country lists, easy-to-access translation services, and more, they can turn otherwise tricky cases into wins. 

Solution

Carrier selection relied on core competencies in the foreign national space, including a robust country list, translation services, open product selection, and liberal global net worth requirement. Our recommended carrier took the Uruguay case with an efficient, client-friendly process:

  1. Unlike most carriers, they offered term on foreign nationals.
  2. The carrier reads medical records in Spanish and does not require a translation service.
  3. The carrier allows for the use of a power of attorney on policy delivery.

All these factors made the carrier the insurance company of choice for this case, placing $20,150 in target premium for us.