William J. Sutton & Co., along with Gerber Life Insurance Co., have announced a new term life product specially designed for Canadian expatriates and Canadian residents with extensive international travel exposure.

Despite the ever-expanding global economy and the corresponding need to provide life insurance to Canadians and international employees of Canadian companies, traditional life insurers have become increasingly less tolerant of even small levels of international travel exposure

Sutton & Co. has developed a product, which provides coverage accommodating such international travel exposure. Continuation of coverage and premiums are subject to annual review.

The company has been underwriting specialty accident, life, & health risks since 1978. Initially providing products and services to respond to the unique needs of professional athletes and teams, Sutton & Co. has evolved into a diversified special risk underwriter in the lines of expatriate benefit packages, major medical, high limit Disability, group and individual AD&D, war risk, and kidnap & ransom.

“Canadians are well respected in the international business community. We are excited to be able to provide life insurance when their opportunities take them out of Canada for extended periods of time,” said Greg Sutton, executive vp, in a release.

Gerber Life Insurance Co. has been writing life insurance since 1967. Today it is licensed to provide life insurance throughout the United States, Canada, and Puerto Rico, with over $27 billion in force. With assets under management of one billion dollars, Gerber Life is conservatively managed to ensure long-term growth and financial stability.