Designed with the expatriate and local national in mind, the companies say the program covers natural or accidental death, and coverage for loss due to terrorism. Term life insurance may be purchased alone, or in conjunction with personal accident insurance to protect the financial stability of the policyholder’s survivors. Discounted rates are available for UNFCU members with coverage limits of up to $1 million USD.
“Our goal was to find an insurance solution and fill a void for our members, who are right there on the front lines on humanitarian missions,” says Stephen Ryerson, president of UNFCU Financial Advisors, who added that the institution is already seeing strong interest in the product at other United Nations hubs, such as Kenya.
“We have international experience, access to a broad range of markets, and the flexibility to create new, specialty products,” says Dan Tuman, VP of insurance sales for Clements International. “We are especially pleased to offer a unique program to UNFCU to help fulfill their mission of ‘serving the people who serve the world.’”
As a UNFCU partner, Clements International is also offering discounted rates on international car insurance through UNFCU’s Insurance Centre. Using www.clements.com, UNFCU members can obtain a quote and purchase a policy online.
