Group Employee Benefit Plans for Multinational Organizations

Expat Financial offers brokerage services to Canadian, U.S., and other international companies operating outside North America. We provide international group insurance & pension benefits for expatriates, third-country nationals, and key local nationals.

Expat Group Employee Benefit Plans

Our expat group employee benefit plans are available for companies with a minimum of three employees working abroad. This is a natural extension of our extensive work with employee benefits, and we’ve become a leader in providing international expat group insurance plans worldwide.

Expat Financial, which is a division of TFG Global Insurance Solutions Ltd., can even cover some local companies who want the security, portability and quality of an international benefit plan. More and more companies outside of N. America and Europe are looking beyond local insurance companies, where regulations permit. This is especially true in less developed countries.

Download our International Health Insurance BrochureRead through our detailed brochure to explore our services.

Expanding into Emerging Markets

An increasing number of Canadian and U.S. companies are opening offices in regions such as Asia, Eastern Europe, Africa, the Caribbean, and South America. These regions often lack local benefits coverage or have limited options available.

Currency and Financial Stability Concerns

In countries where local benefits coverage exists, expatriates face significant challenges like local currency fluctuations. The financial stability of the insurance provider is another key concern for expatriate employees.

Preference for Major Currencies

Many expatriate employees prefer to receive benefits in a major currency, particularly if they become disabled. This preference helps mitigate risks associated with unstable local currencies.

A multinational company with operations in several countries can pool both risk and administration under one plan with insurers like Zurich Life, Aetna Global, Integra Global, Met, BUPA, Allianz, Cigna, Lloyds of London and more. This is ideal for companies with mobile employees who need portable coverage. Pooling risks can also reduce premium rates thanks to economies of scale.

  • Expat Financial sources international group insurance plans from respected insurers. We cater to multinational companies, Non-government Organizations, non-profits, governments and international schools.

    We offer several benefits, including Group LTD, AD&D, Life Insurance, Health, Dental, and Emergency Medical Evacuation & Assistance Insurance. We pool the risk and administration for multiple operations and countries under one plan.

    For companies with less than 3 expatriate employees or individual expatriates, we can also provide individual International Health Insurance Protection as well as individual life and disability plans!

  • Expat Financial offers quotes for International Pension Plans. These plans can be based on defined benefit or contribution options with reputable insurers. These plans are free of taxes on accumulations and there are no withholding taxes on benefits paid. A variety of investments can be made available. The administration costs are much lower for the company and the employees than setting-up an individual plan. Check with your tax advisor to confirm your tax status at your location.

  • North American companies often have employees outside of North America who are considered “Key Personnel.” If they pass away, their death could result in profit loss or damage to the company’s reputation. A parent company might also need to buy out the deceased shareholder’s shares. Financial advisors typically recommend key-person life insurance to mitigate these risks.

    Insurance companies don’t like to insure people who live outside of North America or who are not Canadian or US citizens. They get more nervous if that key-person lives in a risky country such as Columbia or South Africa. Expat Financial can offer an International Life Insurance policy with benefits payable in a variety of currencies to take the risk off the company’s hands and place it with a large international insurance company. A variety of plans are available, such as Term Insurance and Whole Life.

Contact an Expat Insurance Specialist