Armed Forces Personnel - Army
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Life Insurance, Critical Illness Cover and Income Protection for Armed Forces Personnel
- Example Occupations: Pilot, Infantry, Gunner
- Possible Risks: Active combat, explosives, hazardous countries, total permanent disability
- Occupational Duties: Manual worker, adminstrator, medical staff
The main concern for insurance providers in regards to insuring Armed Forces personnel is when the individual concerned is in active deployment or due to see frontline action within six months. As a member of the Armed Forces the insurance provider will need to know your regular duties in order to fully assess the risks of your job.
We regularly arrange Life Insurance for Armed Forces personnel and there is often the potential to get cover at standard terms (no price increase), but this depends on the likelihood of you going on active tour in the foreseeable future. Additional consideration is also given if the cover is mortgage related. Companies are frequently changing their views on this so there is rarely a ‘single’ best company to choose. Whilst cover can be accepted with no loading, it can also be loaded quite heavily.
Critical Illness Cover
If you are eligible for Life Insurance you are likely to be able to apply for Critical Illness Cover for Armed Forces personnel too. Your occupation will have a direct impact upon the range of Critical Illnesses that the insurance provider will offer cover for. For example, if you are an explosives handler you should be prepared that the Critical Illness ‘loss of limbs’ may be excluded from your policy’s claimable conditions.
This should not deter you from applying for Critical Illness as you may get quite favourable terms depending upon your regular working tasks in the Army. Critical Illness contracts will generally cover you for up to 59 claimable illnesses should you suffer a specified medical condition within the term of your policy. There is one provider who offers a Serious Illness contract which offers protection for up to 161 illnesses and may not include any exclusions directly related to your occupation.
Income Protection for Army personnel is available with a select number of insurance providers. You will typically find that any offer of Income Protection available to you will come with a war and terrorism exclusion to the policy claims set. This is due to the associated higher risk of you becoming unable to work over a long-term, as a direct result of your occupation.
If you find that the offer of Income Protection does not suit you, you may want to consider short-term Accident, Sickness and Unemployment Insurance. This policy will provide you with a monthly income should you be unable to work, for a period of up to 24 months. You need to be careful of wording under these policies however, as many exclude accidents that happen whilst working abroad.
Please use our free online quotation system to see how much Accident, Sickness and Unemployment Cover you could receive. Redundancy cover for Armed Forces personnel will come with strict claims criteria and we strongly recommend that you speak with one of our insurance advisers before applying for this cover.
Armed Forces personnel include a varied set of occupations including Pilots, Bomb Technicians, Doctors, Cooks and Band members. The day to day working task requirements of individuals employed by the Armed Forces varies significantly between low and high risk activities. Should you be due to serve in active duty within the next six months you will certainly need to speak to an adviser to find out which insurance companies will consider your application. In this circumstance you are likely to receive a higher price on your policy dependent upon your occupation, destination and risk profile.
In some circumstances if you pay a higher price for cover because of your position in the Armed Forces you can claim back a percentage of the extra premium by use of a JPA F010 form. This is only done by your personnel department and cannot be completed or guaranteed by insurance provider or broker.
Further Reading and Research
- Armed Forces Life Insurance
- Armed Forces Personnel and Humanitarian Aid
- PruProtect Life and Serious Illness Cover for Armed Forces Personnel
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