Expats Insurance

Hi everyone, we have Matt Rann back with us for the first time this season and we are taking a look outside of the UK. I speak to quite a lot of people who live or work abroad for extended periods of time and this can really reduce the options for arranging insurance with a UK insurer.It’s important to make sure that you know your permissions before advising anyone that is not resident in the UK. This will be a mix of your compliance and your professional indemnity insurance. As an example, at Cura I know that my permissions are that I can provide advice to someone that is a UK citizen and/or someone that has a financial liability within the UK. If someone doesn’t fall into these categories, there needs to be further questions about why they are wanting to use a UK advice firm, rather than someone in their country of residence.There’s a lot to consider!The key takeaways:Financial liabilities in the UK can range from mortgages, to dependent children, to parents that are dependent on care home fees, and more.Make sure that you have a clear procedure to check clients against UK sanctions.Two case studies of expat cover using an international insurer and a UK insurer.Next time Stephen Baldry from UnderwriteMe is set to join me to talk about the way that the advice market has been changing over recent years.Remember, if you are listening to this as part of your work, you can claim a CPD certificate on our website, thanks to our sponsors Octo Members.If you want to know more about how to arrange protection insurance, take a look at my 13 hour CPD Protection Insurance in Practice course here and 1 hour CPD Protection Competency Exam here.

Om Podcasten

When you set out to get things like life insurance, critical illness cover or income protection, many people do not think that they are going to hit any snags along the way. But! Insurance is a world of risk and there are times that a persons circumstances will make insurers sit back and have an extra think about offering the insurance. Why?! This podcast is designed to answer that why. Kathryn Knowles is joined by guests to bring a clear and open chat about how insurance works. Kathryn brings her experience as a "quirky" life and the voice of the consumer to the discussion. She does this alongside her work as a specialist adviser, who is known for insuring the uninsurable.