The concept of variable universal insurance is recognized in multiple countries, though it may go by different names or have unique regulatory frameworks. In some regions, insurers limit the range of subaccounts to more conservative offerings or tie them to local market indexes. Also, tax benefits associated with life insurance differ widely—some countries offer robust incentives, while others provide fewer advantages.

When living abroad or considering coverage from an international insurer, verifying how local laws treat premium payments, death benefits, and potential capital controls is paramount. Cross-border ownership can complicate matters further, especially if you move and your policy doesn’t adhere to the new country’s regulations. In such cases, consultation with a cross-border financial advisor is crucial.