Can I get life insurance as I work 60 days a year in Nigeria?
Our Case Study
Mr F, a 65 year old non-smoker contacted us as he wanted to purchase Whole of Life cover for the purpose of funeral expenses.
However, he works in the oil and gas industry for a period of 60 days in Nigeria as a Civil Engineer. With his working pattern being to work a week at a time with return to the UK. No more than 60 days are worked in any one year.
Areas in Nigeria are classed as high risk to visitors according to Foreign and Commonwealth travel advice.
When a client has a pre-existing condition, or has suffered a serious illness in the past, the first thing we do is pick up the phone. We speak to Underwriters at many of the UK’s leading Insurance companies. Discussing all of our client’s medical history helps us to identify the best company to apply to. This also means we avoid applying to companies who will end up being too expensive or worse, decline an application. By completing our research thoroughly, we are able to avoid wasting time and obtain the best terms possible for our clients.
Each insurer has their own underwriting guidelines as to how they cover people working in Nigeria in the Oil and Gas industry with many not able to offer cover. However, we found one company that was able to offer cover for our client with a small increase on the original quoted premium.
Mr F was pleased that we were able to arrange an increasing Whole of Life Insurance with a sum assured of £5,000. The original premium quoted was £15.23 and with the increase the final premium was only £17.08.
Please note that any premiums mentioned are indicative only and based on this specific case study/ example, which is shown for information purposes only. Your own circumstances will determine whether the amount payable is more or less than the figure quoted.