Life Insurance for Armed Services (Navy, Army, RAF)

Life Insurance

The primary focus of insurance providers when insuring armed forces personnelBorrowers who are employed in the armed forces. is determining active deployment status or expectation of frontline action within six months.

The insurance provider requires details of your regular duties as a member of the armed forces to accurately evaluate the risks associated with your job.

When speaking with one of our advisers, we will inquire about topics such as:

1. What is your job position?

1. Do you belong to the Armed Forces Reserves?

1. Will you be deployed soon?

1. Do your duties involve high-risk tasks like bomb disposal or being a machine gunner?

Life insurance is frequently arranged for armed forces members. There is a possibility of obtaining coverage at regular rates, without any addition to the cost, based on the probability of you being deployed on active duty soon. Certain insurers may specify that the life insurance level should align with your mortgage amount. Our advisers will assist in researching the market to locate the best insurer for you.

Companies often modify their perspectives on this issue, making it difficult to identify a clear-cut “best” company to select. Cover may be available at regular pricing, but there are occasions when your job responsibilities or deployment status might cause standard insurers to adjust your policy rates or reject coverage. We can reach out to specialist insurers for your life insurance without breaking the bank.

Obtaining a JPA F0100 is crucial if your life insurance premiums go up because of your job. An application can be submitted to the MOD for coverage of the higher portion of the monthly premium.

Critical Illness

Individuals who qualify for life insurance terms may also be eligible to apply for critical illness cover for armed forces personnel.

Your job will determine which critical illnesses are covered by the insurance provider. For instance, individuals working as explosives handlers should expect that the critical illness of ‘loss of limbs’ could possibly not be covered by their insurance policy.

The nature of your army duties may impact the terms of your critical illness application, so don’t let that discourage you from applying. Critical illness contracts typically provide coverage for at least 50 claimable illnesses if diagnosed with a specified medical condition during the policy term.

There are potential options available for you that do not have any work-related exclusions. These policies are specialized and one of our advisors can assist you in determining if they are suitable for you.

Income Protection

Arranging income protection for army personnel can be challenging, as there is a debate regarding its value to you. Members of the Armed Forces are eligible for employment benefits if they are injured while on duty.

Currently, an income protection policy may only be available to those who are on secondment from the Armed Forces. This is a short-term job assignment where you will work in a non-military position.

There are available options for income protection for those in the Armed Forces reserves. Please contact one of our advisers who will guide you through the options.

If the income protection offer doesn’t work for you, you could look into short-term accident, sickness, and unemployment insurance. This policy offers a monthly income for up to 24 months if you’re unable to work. It is important to be cautious with the wording under these policies, since many do not cover accidents that occur while working abroadBorrowers who work abroad may have difficulty obtaining a mo....