Life & Protection Insurance

IT'S A SAD truth but many Service personnel leave it far too late to think about arranging Life cover or Protection insurance.

The recent hostilities in the Gulf demonstrated once again that too many Servicemen and women leave it to the last moment to arrange cover and a lot of insurers had already decided to close the doors or impose prohibitive terms.

That said SIIAP Member Firms were able to access a number of insurers long after other brokers had been turned away.

Throughout times of conflict and in peace time SIIAP Member Firms have been able to offer various Personal Accident schemes that provide lump sum payments for cases of serious injury at a monthly premium lower than that often offered to civilians in far less risky occupations.

High street providers do not generally have an understanding or the experience to know where to look for solutions, common problems are:

• Personal accident insurance not available whilst on active duty
• Personal accident insurance will cover things like facial scarring
• Claims handlers do not understand the military medical system
• No understanding of the Armed Forces Compensation Scheme
• Life insurance carries occupational exclusions
• Life insurance carries war exclusions
• Life insurance carries higher premiums for members of HM forces
• Many life insurance companies will not quote for high risk occupations

SIIAP members will have a specialist solution: