How much Life and Critical illness Cover do you need?
The level of life cover needed for an expat is dependant on the individuals personal situation. However we think there are some basic rules of thumb to work with.
What would happen to your family should you not be there? Would they return to their home country where there family is or move somewhere else? How much will they need to get through this difficult time?
Ideal and Minimum levels
There certain requirements that the family will need need during this time
- An Income to future date (retirement or when the children are not longer dependant)
- A house to live in (In your home country or near family)
- School fees and university fees (click here to get the cost of university's around the world)
The minimum level is the absolute amount your family will need whilst the ideal level is what your family would want to have. The bit in between is the level for you.
Critical Illness Cover
Normally one years salary or two years salary.