Is Life Insurance Available to Non-Citizens?

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Life insurance can help safeguard your loved ones’ future and financially protect them from the unexpected, allowing them to cover final expenses, keep up with daily living costs, and save for the future. If you’ve recently moved to the U.S. for a permanent stay and are wondering if you’re able to purchase life insurance, there are a few things to keep in mind.

Life insurance for immigrants

Each life insurance company may have different rules around applicants who are not U.S. citizens, so it’s important to do your research. Life insurance companies may consider some of the following:

• Length of residency: You may need to provide proof of U.S. residency for a certain number of years before being eligible to apply for coverage.

• Country considerations: Some countries may not allow you to buy life insurance in the U.S. due to regulations.

• U.S. limitations: People moving to the U.S. from certain countries may require additional underwriting.

For people who have moved to the U.S. and have obtained a green card or visa, many life insurance companies do provide coverage options. Along with the typical underwriting process, you may be required to provide some additional information when you apply.

Visa holders

If you have a visa, you have permission for residence within the U.S for a designated period of time, typically for school or work. To apply for life insurance, visa holders typically have more documentation to provide to the insurance company than a green card holder. You will often have to share, how long you have been here and whether you plan to permanently reside here in the future. You may need to provide a copy of your visa and other supporting documentation. The insurance company may also have you fill out a foreign resident questionnaire that asks you questions about your employment and travel history.

Green card holders

If you have a green card, you are considered a permanent resident and can usually apply for life insurance coverage as a U.S. citizen. There will likely be a section on the application that allows you to disclose your resident status.

Undocumented immigrants

Without proper identification and documentation, such as a green card or visa, it can be more difficult to obtain life insurance coverage. Not all carriers accept undocumented immigrants, but companies that do most likely require an Individual Taxpayer Identification Number (ITIN) and may have limitations on the death benefit amount or type of coverage that they offer.

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Seek guidance from a financial professional

If you are interested in getting life insurance coverage, connecting with a Life Solution Alternatives financial professional can be very helpful in exploring your options and understanding the required documents and information that may be required as a non-citizen. By having a go-to resource you can count on, you can create a plan that can help you achieve your goals and protect the financial well-being of your loved ones.

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Freddie Vernon is the CEO and Founder of Life Solution Alternatives. Since 1992, he has been licensed to practice Life and Annuity sales strategies across multiple states. Recognizing the need for an agency that communicates plainly with consumers about the importance and benefits of insurance products, Freddie established Life Solution Alternatives (LSA). LSA agency is dedicated to educating consumers on how to use insurance products as a complement, supplement, or "alternative" to traditional savings, protection, and wealth-building strategies, such as 401(k)s, IRAs, and other investment options. Freddie has built a strong reputation for identifying innovative solutions that empower individuals to make informed financial decisions. His approach combines expertise with a genuine commitment to helping clients achieve financial security and success. Working with Freddie means gaining a trusted advisor who prioritizes your long term financial well-being.