Ask question
This is NOT an official government website. We are an independent resource providing information and assistance to travelers.

Can I have UK life insurance paid out to someone living in Thailand if I die?

Nov 18, 2024
a year ago
Mark *******
ORIGINAL POSTER
Does anyone know if I can have a UK life insurance but have it paid to someone in Thailand if I die
2,180
views
40
all likes
14
replies
12
users
TLDR : Answer Summary
The consensus among commenters is that it is possible to have a UK life insurance policy that pays out to a beneficiary in Thailand. It is recommended to consult directly with the insurance company for specific requirements and to ensure the policy will remain valid if you move out of the UK. Additionally, some suggest using a discretionary legal trust to designate a beneficiary, which can simplify the process and provide tax benefits. Several users recommend contacting financial advisors who specialize in expat insurance in Thailand for tailored advice.
John *********
In the US there are financial institutions that have television commercials offering to purchase your life insurance policy. I suppose they do the math and come up with a life expectancy vs the cash value of the policy vs expected payments up till death. Since we all die someday, getting the cash at the end of life is a mathematical certainty.

The point of that is, I don’t believe you need a relative to get the value of your policy after death. The beneficiary needs to know how to navigate the claim process.

On my own, I don’t think I could do it in a foreign country unless being a highly educated person.
Like
Reply
Sarah ******
Generally, if you take out a policy while resident in the UK, you can name whoever you like to be a beneficiary. Check to see whether the policy will cover you once you move out of the UK.
Like
Reply
Frank **********
You should really ask your insurance company.
Like
Reply
James *******
I don't think you will ever die so less of the 'if' please.
Like
Reply
James ***************
Yes you can, Ive just retired from my uk business in life insurance and all you need to do is write your policy into a discretionary legal trust nominating who you would like to benefit from the monies (they can live anywhere in the world)…also means no requirements for legal involvement and the money is tax exempt…easy to download from internet on your insurance company website and there’s no time restraints…just be careful on which trust forms you complete as there’s loads of them ‘discretionary trust’ is what you need 👍
Like
Reply
Mark *******
ORIGINAL POSTER
Like
Reply
Reply to
Mark *******
Reply
Shane ********
Talk to the expert team at
@Tenzing ********
, they have offices in Bangkok, Pattaya and Hua Hin and are the leading expat health and life insurance broker in Thailand.
*****************************************************
Like
Reply
Mark *******
ORIGINAL POSTER
@Shane *******
thank you
Like
Reply
Reply to
Mark *******
Reply
Trevor *************
Think about it, her relatives WILL kill you for the payout 🤣😂🤣
Like
Reply
Rachel *******
Speak with
@Peter ******
uk financial advisor dealing with insurance in Thailand.
Like
Reply
Mark *******
ORIGINAL POSTER
@Rachel ******
ok thanks 🙏
Like
Reply
Reply to
Mark *******
Reply
Matty ****
US policy will allow it. I think you have to provide proof to they're a dependent. Financially reliant...
Like
Reply
Richard ***********
Best to ask the Uk life insurance company than random people on Facebook!
Like
Reply
Brandon **********
@Richard **********
‘the’ does not exist yet. It is a general question as a starting place . And seems like you don’t have knowledge in the matter .

To answer the OP , many policies would allow this. Good luck
Like
Reply
Reply to
Brandon **********
Reply
Thai Visa Advice and Everything Else
... members · 60% approval rate
The Thai Visa Advice And Everything Else group allows for a broad range of discussions on life in Thailand, beyond just visa inquiries.
Join the Group
Thai Visa Advice and Everything Else
View the Conversation
Thai Visa Advice and Everything Else
The ask:thailand community, consisting of multiple Q/A groups with over 100,000 members, powers this platform. It is not an official government resource. Our members actively contribute to this resource, and while we strive for accuracy, we cannot guarantee its complete reliability. Assistance to travelers is provided as a community service.