2008 plans include commission earnings and rehab benefits and at 2005 prices
International insurance specialist William Russell has launched its 2008 GlobalLife insurance and GlobalIncomeProtection plans for expatriates with improved benefits and prices held at 2005 levels for the third year running.
Under the new plans expats will be able to include commissions and regular bonus payments when calculating their income for the payment of benefits. William Russell’s income protection plan now also includes a rehabilitation benefit to allow expatriates to return to part-time work and continue to receive partial benefit payments for up to six months until they are fit enough to return to full time work.
William Russell is one of only a few insurance providers to offer specialist life and income protection insurance plans to expatriate customers. GlobalLife is available from $27 per month and GlobalIncomeProtection from $27 per month.
Inez Cooper, Managing Director, William Russell says:
“Choosing to live and work abroad provides expats with tremendously rewarding career and lifestyle opportunities, but they also need to make sure that they have the right insurance to financially protect their income and the security of their families in the event of illness, injury or even death.
“Most life insurance and income protection plans are simply not designed for expat living. This is why we have launched our plans to provide expatriates with the level of flexibility and international cover they need to protect their standard
of living. We provide cover around the world and have international offices in the
UK and Malaysia to respond to claims and enquiries across time zones.
“We’ve added two important new benefits for 2008 and held our prices for the third year running. Many expats earn part of their salary as commission payments and regular bonuses which can now be included when we assess customer’s pre-disability salary. This means that their benefits now more fully replace their take home pay. In the past expats would also lose their benefits as soon as they returned to work – which made it difficult to ease their way back
into employment when they began to feel better. We’ve now addressed this by allowing expats to claim a six month rehab benefit if they recover sufficiently to return to work part time within the first 24 months of claiming benefit.”