International Term Life Insurance is useful when there is an international insurable interest involved. It would commonly used for employees of foreign national firms, international asset protection, international business travel, short term needs and for special assignments.

You can purchase the insurance anywhere from one year to ten years. Even though the premiums are payable on annual basis, you will not have to requalify for the plan every year and the premium for the entire policy duration will remain the same.

Any person from age of one year to seventy five years can be eligible.

Insurance rates will depend upon the geographic locations of the coverage, financial justification, occupation, avocation and purpose of coverage. If the person would be participating in any hazardous sports, the premium would be higher. If your occupation exposes you to a higher risk, your premiums will be higher. There must be a financial justification for the amount of insurance you would like to purchase.

The International Term Life Insurance is administered by Petersen International Underwriters and is underwritten by Lloyds, that is rated A "Excellent" by A.M. Best.