Term Life Insurance Articles
How Traveling To Cambodia Can Deny You Term Life Insurance
2010-08-10
While filling out the forms for a term life insurance quote, many applicants don't realize the significance of questions regarding international travel. When underwriting term life insurance, Cambodia and destinations in socially unstable regions are classified as high-risk by insurance companies and may result in a letter of denial for applicants who have a history of traveling or plan to travel to any of these locations.
Cambodia is well known for its picturesque beaches, exotic resorts, and historic temples, including the legendary Angkor Wat. Unfortunately, hotels, tourist destinations, and private tropical beaches harbor a large number of criminals and thieves who prey upon unsuspecting tourists. The international embassies and the U.S. State Department are responsible for collecting crime data and issuing travel warnings. According to bulletins released by the State Department in the first quart of 2010, all citizens are urged to exercise caution when traveling to international destinations.
Although Cambodia has a stable government, militant groups recently attempted to bomb the government's Ministry of Defense in the capital city of Phnom Penh. In Cambodia's large cities, random gunfire and gang wars are common in public areas. Because tourists in Cambodia are at a high risk for being robbed, kidnapped, and physically assaulted, many companies don't offer term life insurance for travelers who have plan to visit the country. In addition to physical attacks, Cambodia is rife with landmines and explosives hidden around dry rice paddies, wooded jungles, and rural bridges. Even with an experienced tour guide, rural and urban areas of Cambodia can be hazardous.
To remain eligible for term life insurance, Cambodia, Thailand, and other destinations should stay off of your list of places to visit. If travel is unavoidable, it may be possible to get a term life insurance quote that includes a war and terrorism rider for travel to approved countries in the Middle East and Southeast Asia. War and terrorism riders are designed to cover reporters, photojournalists, contractors, workers for non-profit aid groups, and independent travelers in case of kidnapping or emergency evacuation. To meet location-specific requirements, there are a wide variety of specialty riders for international travel.
The debate whether insurance companies have the right to control travel decisions has led to legal battles and legislation on the state level. According to statistics from 2006, seven states, including California, Colorado, Florida, Georgia, Massachusetts, Maryland, and Washington are enacting legislation to prevent foreign travel from being included in underwriting questionnaires.
Due to the probability of being denied term life insurance, Cambodia offers more risks than benefits for vacationers. When applying for a term life insurance quote, consider limiting travel to low-risk destinations and adding an international life insurance or war and terrorism rider if necessary.
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While filling out the forms for a term life insurance quote, many applicants don't realize the significance of questions regarding international travel. When underwriting term life insurance, Cambodia and destinations in socially unstable regions are classified as high-risk by insurance companies and may result in a letter of denial for applicants who have a history of traveling or plan to travel to any of these locations.
Cambodia is well known for its picturesque beaches, exotic resorts, and historic temples, including the legendary Angkor Wat. Unfortunately, hotels, tourist destinations, and private tropical beaches harbor a large number of criminals and thieves who prey upon unsuspecting tourists. The international embassies and the U.S. State Department are responsible for collecting crime data and issuing travel warnings. According to bulletins released by the State Department in the first quart of 2010, all citizens are urged to exercise caution when traveling to international destinations.
Although Cambodia has a stable government, militant groups recently attempted to bomb the government's Ministry of Defense in the capital city of Phnom Penh. In Cambodia's large cities, random gunfire and gang wars are common in public areas. Because tourists in Cambodia are at a high risk for being robbed, kidnapped, and physically assaulted, many companies don't offer term life insurance for travelers who have plan to visit the country. In addition to physical attacks, Cambodia is rife with landmines and explosives hidden around dry rice paddies, wooded jungles, and rural bridges. Even with an experienced tour guide, rural and urban areas of Cambodia can be hazardous.
To remain eligible for term life insurance, Cambodia, Thailand, and other destinations should stay off of your list of places to visit. If travel is unavoidable, it may be possible to get a term life insurance quote that includes a war and terrorism rider for travel to approved countries in the Middle East and Southeast Asia. War and terrorism riders are designed to cover reporters, photojournalists, contractors, workers for non-profit aid groups, and independent travelers in case of kidnapping or emergency evacuation. To meet location-specific requirements, there are a wide variety of specialty riders for international travel.
The debate whether insurance companies have the right to control travel decisions has led to legal battles and legislation on the state level. According to statistics from 2006, seven states, including California, Colorado, Florida, Georgia, Massachusetts, Maryland, and Washington are enacting legislation to prevent foreign travel from being included in underwriting questionnaires.
Due to the probability of being denied term life insurance, Cambodia offers more risks than benefits for vacationers. When applying for a term life insurance quote, consider limiting travel to low-risk destinations and adding an international life insurance or war and terrorism rider if necessary.
