The missus and I are expecting our first soon and the thought of term life insurance came up. We have UK citizenship, but not certain how long we'll stay in the UK or if we'll move back to the US at some point. Anyone know how that'd work if we got, say, a 25 year term life in the UK and moved back to the US? Would we keep it, and just let it pay out in GBP? Cancel it (can you do that?) and get a new one in the US? Any tips are appreciated.
Thanks!