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Old 05-25-2019, 08:44 PM
Steve Grondin Steve Grondin is offline
Join Date: Nov 2001
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Default Individual life question international flavor

A Canadian citizen and resident asked me a life ins purchase q.
Can he buy life insurance in the US? Is there any advantage to doing so?
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Old 05-25-2019, 09:36 PM
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Ranger Ranger is offline
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Typical US company underwriting guidelines require the applicant to be a "permanent resident of the US" You can interpret "permanent" however you'd like.

Advantages - US dollar vs Canadian dollar
Disadvantages - US dollar vs Canadian dollar

I'm not aware of a large number of cross-border sales happening in US/Canada border towns. Maybe they could trade meds for life insurance
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Old 05-27-2019, 09:55 PM
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Practically, not really.
Technically, I think you can in certain states - Florida IIRC is one.
There's no real advantage, not likely worth the effort. If you're talking well into the six figures in premium this might be worth it to someone, but otherwise you'll find it's not worth the fairly insurmountable effort.
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