How Pandemic Rules Impact Life Insurance Underwriting For Foreign Nationals – Insurance Coverage News Internet

27July 2020

< meta itemprop ="

url”material =””/ > By Greta Albright As financial experts continue to browse underwriting changes in today’s pandemic environment and anxiously wait for the possibility of

launching some of the short-lived constraints put on life insurance coverage underwriting, life insurance coverage underwriters are constantly asked,”How can foreign nationals and foreign residents acquire life insurance coverage?”We know that throughout this time, due to unique pandemic rules and limitations, life insurance coverage for those who take a trip abroad or live abroad is often challenging, or difficult, to get. While we continue to navigate the difficult world of foreign nationwide and foreign resident underwriting, we need to remember that we also have a different group of prospects who we see rather often in underwriting– those who have short-term or immigrant visas. Do a few of the recent headings showing that visa holders will be pressed out of the U.S. offer us the whole photo of today situation for

visa holders and applicants? Will our pool of

customers all of a sudden diminish, or worse, be removed from consideration due to the brand-new momentary order or the suggested danger of deportation? Based upon a review of the executive order recently signed by President Donald Trump banning work visa holder entry to the U.S., as a life insurance coverage underwriter with 28 years of experience, my viewpoint is no. Advertisement This ban, in result through the end of 2020, stops most new visa issuances, as well as restricts existing visa holders who do not have a current visa stamp, from going into the U.S.

Some headlines suggest that there might be deportations, etc.; however, through what we are seeing and experiencing this does not seem to be happening. Furthermore, any rescission of this order would need a legal hearing. So while lots of have actually mentioned online and in the media that this might suggest a mass exodus for ending visa holders, this does not seem the case as clients with expiring certifying visas who are already in the U.S. needs to not be affected. There does not seem any arrangement for mass deportation for those here with certifying visas, even if those visas are close to expiration.

Based on the realities in the executive order, it is my viewpoint that ownership of a visa does not equate to a life insurance coverage decline in the future. Additionally, it appears there should not be any impact on present standards for visa holders (COVID-19 rules aside/guidelines differ by carrier) due to the executive order, as the people affected are those not present in the U.S., not those currently here legally with a certifying visa.

Greta Albright, AALU, ALMI, is senior underwriting specialist, Crump Life Insurance Coverage Solutions. Greta might be contacted at [

email secured] © Entire contents copyright 2020 by Inc. All rights scheduled. No part of this post may be reprinted without the revealed written permission from


Leave a Reply

Your email address will not be published. Required fields are marked *

Upgrade Your Listing

Add images, video, and more details to your listing! More information means more clicks. More clicks means more quotes!

Free listing includes: business name, address, phone, website, google map

Upgraded listing includes: business name, address, phone, website, EMAIL ADDRESS, COMPANY LOGO, VIDEO, IMAGE SLIDE SHOW, FEATURED LISTING PLACEMENT