Living Abroad Invalidates Life Insurance; 1800InsuranceToday.com Provides Protection Tips

June 21, 2011 - PRLog -- Insurance companies do not only aim to give a better life to the beneficiaries of their clients. They want to earn as well.  When an insurance plan gets invalidated, insurance companies are rejoicing.  And one of their ways to earn big is invalidating the insurance claims of those who settled abroad.

It is a sad fact when policy holders lose something they've worked hard for.  In response to secure the future of the beneficiaries, 1800InsuranceToday.com has laid useful information in protecting investments through life insurance.

The site provides the tips needed by policy holders who plan to live abroad.

Read more on  Insurance Invalidation:
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"Have spent your lifetime saving investing on your life insurance plan?  What if one day all your hard earned saving will disappear into thin air because you had to move to another country?"

"If you are planning to move abroad, be wary.  There had been many instances reported already about insurance invalidations.  The tricky policies of some insurance companies easily invalidate plans of those holders who have decided to live in another country.  "

"According to them, the new environment can cause some extend of risk that may endanger the policyholder’s life."

Read more on How to Protect Yourself From Insurance Invalidation:
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"So, when anything changes you are absolutely obliged to tell your insurance company so that they can review your premium.  If you fail to inform them and your policy needs to be claimed upon, they will look at the factors that have changed and which they have not been informed about and I am sorry to say it, but they will use them as an excuse not to pay out."

"The laws relating to inheritance tax, the management of a deceased person’s estate and succession differ all over the world – which is why you need a valid will as an expat – and which is why you need to ensure you have enough life cover to pay all bills, meet all obligations, cover any taxes and to ensure that those remaining are provided for."

"Look at your policy and make sure it is the right policy for you and your family now that you’re living abroad. Consider writing it in to trust as well if this is appropriate in your new nation of residence, and take advice about the management of your financial affairs bearing in mind aspects as mentioned above such as IHT and the rules of succession."

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Read more about Insurance Policy and Invalidation at: http://www.1800insurancetoday.com/invalidation-policy
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Life insurance can be a treasure of a family.  It can ensure a great future to the beneficiaries.  And so it is important to understand what's written on the policy before making any lifestyle change.

Loopholes are income generating for the insurance companies.  It is best that those who plan to get a life insurance always ask the insurer their permission first before moving on to a plan that will invalidate the policy.  

Know how to avail the lowest price life insurance today.

Find out how make life insurance plan as your savings account.  With the new policies, almost everyone can afford to get one.  

Visit 1800InsuranceToday.com Facebook Fan Page to know about the perks on life insurance. http://www.facebook.com/pages/Life-Insurance-Secrets/1954...

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1800InsuranceToday.com gives you the updates on the insurance world. The site provide information on how to protect yourself from insurance scams.