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Where and how can I perhaps get cheaper life insurance?

 
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Sigmuu



Joined: 04 May 2003
Posts: 25

PostPosted: Wed Mar 02, 2005 6:17 am    Post subject: Where and how can I perhaps get cheaper life insurance? Reply with quote

Greetings:
I live and work in Saudi Arabia but I have life insurance for $300,000 Canadian Dollars (CAD) from a company in Canada. My premiums every year are $1300 CAD. I find this rather expensive but I have been told that it so expensive because I live in a war torn area of the world (i.e. the Middle East). However, in this age of globalization and expats from many countries living just everywhere (and having life insurance there too), I was wondering if could I get cheaper insurance from another Canadian company or even a foreign based insurance company like in India or Europe. Of course, this company would have to have an established history of reliability and customer service. For example, an office with perhaps one employee on a speck of an island in the Caspian Sea is out of the question. Any comments, suggestions or advice is greatly appreciated.
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Stephen Jones



Joined: 21 Feb 2003
Posts: 4124

PostPosted: Wed Mar 02, 2005 8:25 am    Post subject: Reply with quote

Every time I have tried to get term life insurance for Saudi, I have been informed that the company does not do it for the Gulf.

I am surprised you managed to get it at all.
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