Universal Life Insurance Saudi Arabia

Capital for Life Saudi Arabia
Index universal life insurance for retirement planning using life insurance. Working with the best Saudi Arabian wealth managers and private banks. Trusted the world over for high net worth client life insurance solutons.
Universal Life Insurance
Universal Life Insurance for Saudi Arabia's Wealth Managers and High Net Worth clients

Find the perfect life cover and estate planning solution for your clients with Capital for Life. Get a quote from the world's leading life insurers.

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Frequently Asked Questions (FAQ)
Universal Life Insurance for Saudi Arabia

Universal life insurance can be a great way to protect your family and loved ones in Saudi Arabia. It is a flexible policy that can be tailored to meet your individual needs. It offers tax advantages and can provide a source of liquidity for your estate.

However, it is important to consider the tax implications of a universal life insurance policy. If you live in Saudi Arabia and are considering a universal life insurance policy, it is important to speak to an expert to ensure you get the tax and planning advice you need to make sure your policy works for you. We work with wealth managers, trustees and premium finance companies to give you all the options you may want.

Get a universal life insurance quote for Saudi Arabia today to get started by completing the form below.

Still have questions? Read our questions and answers or get in touch.

  • How can I obtain a universal life insurance quote in Saudi Arabia?

    To receive a quote for universal life insurance in Saudi Arabia, please provide us with the following information:

    • your age
    • gender
    • smoker status
    • the amount of life coverage you require
    • your country of residence
    • your email address

    Once we receive this information, we will be able to provide you with a quote within 24 hours. To get started, simply reach out to us using the contact form at the bottom of this page. We look forward to assisting you with your life insurance needs

  • I live in Saudi Arabia, can I buy indexed universal life insurance?

    Yes, Saudi residents can invest in indexed universal life insurance, also known as IUL. An IUL can supplement retirement income and estate planning needs.

  • What types of international life insurance can I buy if I am a Saudi Arabia resident?
    1. Indexed universal life insurance
    2. Whole life insurance
    3. Variable universal life

    All the policies supplied to Saudi Arabian wealth managers by Capital for Life are single-life policies. We do not offer joint life second death policies or survivorshp policies.

  • I live in Saudi Arabia, do I need to go for a medical for a universal life insurance policy?

    Some life insurance companies offer universal life insurance to Saudi Arabian residents with no medical. But if you want life insurance coverage of $5m or more, you will need a medical. Capital for Life Saudi Arabia has an approved list of medical clinics in Riyadh and Jeddah that high net worth clients can attend.

  • Can I borrow against life insurance policy if I am a Saudi Arabian resident?

    You can borrow against the cash value of your life insurance policy if you are a Saudi resident. Loans secured against your life policy typically have lower interest rates because you are using the policy as collateral. You can either take the policy to a Saudi private bank to borrow money and pledge it as collateral, or take a loan directly from the insurance company itself.

    Popular reasons why Saudi residents take a life insurance policy loan are to:

    • Buy property overseas in places like London and Paris.
    • Invest in equities and bonds with the expectation of a higher return.
    • Provide short term liquidity for a Saudi business venture.
  • Can Saudi Arabiab residents get premium financing for a universal life insurance policy?

    Yes, Saudi Arabian residents can obtain financing for their universal life insurance policy. This premium financing can be for up to 100% of the policy's cash surrender value and is subject to underwriting. However, it's important to note that this financing strategy may not be suitable for all types of Saudi financial planning and it's recommended to consult with a tax adviser before proceeding. Capital for Life can make a suitable introduction upon request.

  • What's the minimum amount of universal life cover a Saudi resident can buy?

    Universal life cover with a death benefit from $1m upwards can be bought by a Saudi Arabian high-net-worth resident.

  • I am a private banker and wealth manager in Saudi Arabiab, can I use Capital for Life's life insurance solutions?

    Yes, you can use Capital for Life for all your international life insurance and financing solutions. We partner with Saudi Arabian bankers and wealth managers who want to use our solutions with their high-net-worth private clients.

  • Can high net worth individuals in Saudi Arabia purchase universal life insurance from Capital for Life?

    Yes, Capital for Life serves high-net-worth clients across Saudi Arabia and can assist with finding a suitable universal life insurance policy. Our team works with global partners and professional advisers to design a solution that meets the specific needs of each client. While we do not offer advice on specific universal life insurance products, we are dedicated to helping our Saudi based clients find the coverage they need. Contact us today to learn more about the universal life insurance options available to high net worth individuals in The Kingdom of Saudi Arabia.

  • Which other countries in the Middle East can I get a universal life insurance quote for?

    Universal life insurance (ULI) quotes are available in most countries in the Middle East region. Some examples of countries where you can get a universal life insurance quote include:

    • United Arab Emirates

    It is worth noting that the availability and terms of universal life insurance may vary across countries in the Middle East. It is recommended that you speak with an insurance professional at Capital for Life to learn about the specific options available in the country where you live.

    Learn more about universal life cover across Australasia from Capital for Life

  • Who provides universal life insurance services in Saudi Arabia

    Capital for Life offers universal life insurance services in Saudi Arabia. Our services include policy comparison, cost calculation, and understanding policy features to find the best fit for your client. We also provide tax advisory, trustee, and premium financing services to ensure correct ownership and financing of the policy. Contact us for more information on our universal life insurance options across The Kingdom of Saudi Arabia.

  • What is life expectancy in Saudi Arabia?

    According to data published by the World Health Organisation (WHO) in 2020, the average life expectancy in Saudi Arabia is XX years. Male life expectancy in Saudi Arabia is 73 years, while female life expectancy is 74 years. Saudi Arabia ranks 84th in the world for life expectancy. These statistics are based on the latest available data and are subject to change over time.

    Life expectancy for Saudi Arabia is an important factor for life insurance companies when determining the premium rates for their policies issued to Saudi Arabian residents. A person's life expectancy plays a role in calculating the risk level associated with insuring them, as the longer a person is expected to live, the more likely they are to make a claim on their policy. As a result, life insurance premiums are typically lower for individuals with a higher life expectancy and higher for those with a shorter life expectancy. By understanding the average life expectancy in The Kingdom of Saudi Arabia, life insurance companies can better evaluate the risk associated with offering coverage to residents of Saudi and adjust their premiums accordingly. Sauidi Arabia is classed as an 'A' risk rated country by many international life insurers meaning it is deemed a high life expectancy country.

  • List of life insurance companies in Saudi Arabia

    Life insurance companies in Saudi Arabia 2023

    1. Tawuniya Cooperative Insurance Company
    2. Bupa Arabia for Cooperative Insurance
    3. Medgulf Cooperative Insurance Company
    4. Saudi United Cooperative Insurance (Walaa)
    5. ACIG Arabian Shield Cooperative Insurance Company
    6. Saudi Arabian Cooperative Insurance (SAICO)
    7. Aljazira Takaful Taawuni Company
    8. Malath Cooperative Insurance & Reinsurance
    9. SABB Takaful Company
    10. Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful)

Trusted by Saudi Arabia's Wealth Managers for Protection
International Life Insurance for Saudi Arabia's Wealth Managers

From Riyadh to Jeddah and the rest of The Kingdom of Saudi Arabia and beyond, Capital for Life provides life insurance cover for up to $165m for high net-worth clients. Saudi wealth managers with clients who need life insurance work with Capital for Life to find and deliver the best solutions.

How much life insurance can I get if I live in Saudi Arabia?

Index universal life insurance, guaranteed universal life insurance and end-to-end support and service for financial advisers in across Saudi Arabia. Trust us to support your protection business.

Hisma Desert – NEOM, Saudi Arabia
Want Universal Life Insurance Cover in Saudi? Contact Us
Saudi Arabia Wealth Managers and Family Offices

You will need a minimum of US$50,000 per year to save into a universal life policy to provide the benefits a UL policy can offer. All universal life insurance policies offer lifetime and death benefits in US dollars only.

Fill out the form below and we'll get back to you in 24 hours to tell you how we can help you and your high-net-worth clients with international life insurance.

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