I am undocumented, can I have life insurance?
I am undocumented, can I have life insurance? Life insurance is crucial for low-income individuals, especially for those embarking on the path of the American Dream. Imagine a family of undocumented immigrants who arrive in the United States, manage to secure modest jobs, and have their children attending public schools. The couple’s wages barely cover the cost of a humble roof over their heads and make it difficult to get by day-to-day.
If suddenly the father passes away in an accident, the family will be in shock and will need to organize a funeral, which can be prohibitively expensive. Repatriating the body is even more challenging. If the father, instead of passing away, becomes ill with a heart condition, then there would be three mouths to feed and only one person working. This tragic event could completely disrupt the family.
How can they move forward? The answer is simple: with life insurance. Life insurance provides financial protection for the surviving loved ones named as beneficiaries in the policy. It is an excellent option, especially when one is young, as the premiums are quite affordable.
Contrary to popular belief, many life insurance companies do provide coverage for undocumented immigrants who can present an Individual Taxpayer Identification Number (ITIN) and a local bank account.
For the immigrant family that secures life insurance, the outlook is completely different. If the undocumented father passes away, the family will be financially protected, and they will be able to arrange a decent funeral and even repatriate the body if that is the family’s wish. Most importantly, their loved ones will be safeguarded.
There are different types of life insurance, including term insurance and permanent insurance. Term insurance provides coverage for a specified period, such as 5, 10, 15, 20, or 25 years, while permanent insurance provides coverage for the entire life of the insured.
If you are undocumented and interested in obtaining insurance to financially protect your loved ones, please contact Univista Insurance. I am undocumented, can I have life insurance?