Life Insurance for expats

Hello,

Does anyone have some advice about life insurance policies for US citizens living in the UK (or abroad in general)? It looks like US policies can be purchased although the official country of residence is the UK but I am not completely sure. I am employed in the UK but will be moving back to the USA in 2-3 years and would like to purchase a life insurance policy from a US based company. Any advice?

It looks like this conversation has happened a bit in other threads but to a surprisingly limited extent (and also several years old). So I hope I am not jumping the gun by posting a new thread on this!

I know with Aviva (form Norwich Union) as long as you pay from a UK bank account and not living in an area deemed by the UN as an area of war or internal conflict youll be covered for life of the term.

If you can wait it out, and dont plan on keeping your UK bank accounts, youll be best to wait until you get back to the US to apply. In the UK, you need to be a resident of the country in order to apply. Similar rules may apply to US companies

Just a though about insurance in general. Often an insurance policy is linked to an investment product. There was a recent conversation in the tax forum about UK endowment policies and the IRS tax complications that they create for US citizens. In general I like to keep insurance and investment completely separate and this would be doubly so for a US expat unless they are very sophisticated and using a foreign insurance product specifically for US tax planning purposes. So before you buy UK insurance I'd get some advice about the potential US tax consequences.