International Life and Disability

Active expatriate members of SPE GlobalCare may purchase Term Life and Accidental Death and Dismemberment Insurance. The Term insurance is valid as long as one is an expatriate member of SPE.

The age limit for new insureds is age 64.

Policy Disclaimer This GBG Insurance Limited Policy is an international insurance policy. As such, this Policy is subject to the laws of Guernsey, U.K., and the insured should be aware that laws governing the terms, conditions, benefits and limitations in insurance policies issued and delivered in other countries including the United States are not applicable to this Policy. If any dispute arises as to the interpretation of this document, the English version shall be deemed to be conclusive and taking precedence over any other language version of this document.

Benefits

Individual Life Benefit

The individual life benefit becomes due in the event of the Insured Person's death prior to the normal retirement age which is 65. The providers shall pay the full life benefit up to $500,000, unless as otherwise agreed (higher amounts can be requested and are subject to underwriting conditions).

Residency

This Policy is not intended for citizens of the United States residing in the U.S. If the Insured changes permanent residency to the U.S., the Insurer retains the right to modify the benefits or cancel this Policy. The Insurer must be notified within 31 days of any change in residency status (whether to the U. S. or any other country).

Accidental Death & Dismemberment Benefit

Upon proof that the Insured Person has suffered an AD&D loss as a direct consequence of an accident within three hundred and sixty (360) days from the date of accident and provided that such loss is not the direct or indirect result of a risk excluded below, a benefit becomes payable in accordance with the provisions and limitations as set forth below.

In case of dismemberment by accident, the maximum benefit payable equals the life benefit or US$ 250,000, whichever is lower. If a dismemberment benefit has been paid to an Insured Person who dies later on while still being covered under the Accidental Death & Dismemberment section, any dismemberment benefit already paid will be subtracted from the individual life and accidental death benefits should they become due.

Accident shall mean any bodily injury involuntarily sustained by the Insured Person as a consequence of a sudden and unpredictable intervention of external forces.

Exclusions and Limitations

The following exclusions apply for the specific benefit:

  • All active and passive war, terrorism, and warlike actions perils, including the perils of weapons of mass destruction.
  • "Active participant" in warlike operations means an active member of the military forces e.g. Army, Navy, Air Force, Territorial Army or Police or any other special forces activated by Government or other public authorities to defend law and order in case of a warlike operation, or any other person who takes up arms in an active or defensive role.
  • "Warlike action" means hostilities, mutiny, riot, civil commotion, civil war, rebellion, revolution, insurrection, conspiracy, military or usurped power and martial law or state of siege.
  • Claims resulting from terrorist activity, including the use of armaments, the detonation of any form of explosive or nuclear devices, the use of chemical or biological weapons and distribution of gases, toxins, and infectious diseases, including the poisoning via the air or water supplies or food products and deliberate destruction of buildings and transportation.

Beneficiary

Members have the liberty to appoint or change a beneficiary at their discretion.

Territorial Limitations:
Rates exclude Algeria, Angola, Chad, Democratic Republic of Congo, Ivory Coast, Liberia, Rwanda, Sierra Leone, Somalia, Sudan, Afghanistan, Iran, Iraq, and Palestinian territories in Israel.

Life Insurance and AD&D premiums

The monthly premiums quoted are per $1,000 of insurance. Members interested in applying for AD&D benefits are also required to apply for Life Insurance coverage.

AD&D coverage is not offered as a stand-alone policy under the SPE GlobalCare International Program

How to Apply for coverage

It is important to read the General Information section of this website before applying for coverage. Please go to the Applications and Forms section in order to obtain a quote.