The International Protector is an international term insurance plan from Friends Provident International.
Friends Provident International offer an 'International Protector Middle East' and an 'International Protector Asia' version.
International Protector Middle East is an award-winning protection product. It offers you peace of mind should the worse happen with a tailored protection solution to suit your needs.
The options are:
- International life insurance
- International life or earlier critical illness cover and
- International critical illness cover
You can choose from three different cover options: stand-alone life cover; stand-alone critical illness cover; life cover or earlier critical illness cover.
You also have the choice of level or decreasing term assurance depending on your circumstances.
Level term insurance may be right for protecting your loved ones in the event of your death and decreasing term may pay off a tapering liability such as a mortgage in the event of an unplanned occurrence.
All the normal expat life insurance restrictions apply to this plan (such as territoriality changes, hazardous sports exclusions, cancellation of cover if premiums are unpaid or voiding if inaccurate information is provided).
It is important that professional, independent advice is sought when buying international insurance.
Given the high level of commission its sale can produce for advisers, we recommend advice is sought from an independent financial planner who charges a fee for the advice given, and rebates you the commission, so you have peace of mind that no conflict of interest exists.
Friends Provident International International Protector - Level or Decreasing International Term Assurance - key features and benefits:
Premiums -
1. Guaranteed premiums:
Premiums will remain the same for Life Cover and Life Cover with TPD. CIC premiums are guaranteed for the first 5 years. Meaning you can budget effectively as Life Cover premiums will never increase.
2. Monthly or annual premiums:
Premiums can be paid either monthly or annually. You can decide which frequency suits you.
3. Accelerated premium payment (APP):
For international professionals who prefer not to continue paying premiums throughout the policy term, the APP provides a range of payment terms.
Multi-currency:
Premiums and cover are available in US Dollars (USD), Sterling (GBP), UAE Dirham (AED) and Euro (EUR). You can choose a currency which suits and this will remain throughout the plan.
Single and joint life:
Single or joint life basis available. Offering financial security that your spouse is covered, should you choose joint life.
Cover available for any term:
Cover is available for any number of years, providing the client is under age 80 at the end or age 70 for Critical Illness cover. Cover can be tailored. So if a mortgage is for 25 years, Life Cover could have a 25 year term.
Level or decreasing term:
Both types of cover offer you a lump sum payment should you die. Decreasing Term provides a lump-sum at the time of claim that aims to sufficiently cover the outstanding liability on a repayment loan – ideal protection against your mortgage. You can choose cover to suit your circumstances.
Portability:
It's portable, which means you can take it with you if you ever decide to move.
