Life Insurance Cover for the British Armed Forces

Article published on 7th May 2007

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Life insurance cover is usually straightforward for the majority of people in the UK. You can use the Internet to instantly compare all of the leading insurance companies whilst only entering your requirements once. Alternatively, you can walk into a high street bank or even pick up a life insurance cover application at the local supermarket.

How do you get Life Insurance cover if your life is at risk? This article discusses life cover for soldiers heading to an area of conflict such as Iraq and Afghanistan?

Services Life Insurance Cover | SLI

Several years ago the BBC reported in the run-up to action in Afghanistan, that the MoD's life insurance cover scheme had been closed to soldiers. The Ministry of Defence closed their own life insurance scheme because the likelihood of danger to armed forces was on the rise as the risk of war intensified. Soldiers were urged to find private life insurance cover instead.
To the anger of many armed forces personnel, the reason the life insurance cover scheme collapsed was because an underwriter refused to back it. At the time around 33% of military personnel were members of the life insurance cover scheme1. The insurers then refused to accept any further applications due to the increased risks in areas of conflict such as Afghanistan.
The outrage around the inability for the MoD to provide appropriate affordable life insurance cover led the government department to investigate alternatives. The MoD however defended their move stating that the life insurance cover was in fact a supplement to the pension schemes already in place to look after relatives of killed soldiers.

Private Life Insurance Cover

The Ministry of Defence advised armed forces personnel to look into private life insurance cover. Being a member of the armed forces at times of war means that your life is at higher risk than a civilian. Insurance brokers such as Top Quote UK Financial Services can usually provide members of the Ministry of Defence or Armed Forces Insurance Cover providing they are currently not under orders to go to an area of conflict. This can vary from company to company, so please feel free to contact us for any questions and advice.

Insurance Brokers such as Top Quote UK Financial Services are specialists in protection products such as life insurance and we have friendly financial advisors here to answer any questions you may have related to life insurance, life cover, term insurance and life assurance. In order to get an instant quote for life insurance cover, please visit our Life Cover Quote page, or please feel free to contact one of our friendly advisors for financial advice on life insurance cover free on 0808 17 82 777.

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1Source: http://news.bbc.co.uk/1/hi/uk/1598340.stm



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