Which products are covered?
One of the benefits of a service career is that you will always have MOD provided accommodation. But what happens when you leave? Or perhaps you want to live off the patch in a home of your own? Being in the forces can make this more difficult as:
- You may have been living abroad for much of your career
- You may not be on the Electoral Roll
- You may want to let the property out if you are posted elsewhere
SIIAP members firms will have dealt with all of these situations. In addition they are familiar with the Forces Help To Scheme currently running until April 2017 which gives eligible personnel an advance of up to 50% of pay (max £25,000 ) to use as a deposit on a home.
The Armed Forces Pension Scheme is like no other. SIIAP specialist firms are experts in AFPS75, AFPS05 and the new AFPS15 schemes. Whether you are looking for a better understanding of your own benefits and options from your service or want to invest in a top-up pension or pension for a spouse our members will be able to provide a tailored solution.
Kit & Contents Cover
SIIAP members provide specialist policies including important benefits such as transit cover, cover for items in storage, and worldwide cover for those posted abroad.
Many insurers consider Service Personnel a greater risk and can load premiums as a result. Some will also exclude cover while you are ‘on base’ or you may be at a location which requires you to drive ‘airside’. Specialist SIIAP members firms understand these issues and can provide solutions to fit. Some policies also offer suspension of cover while you are on ops.
A range of personal accident policies are available from SIIAP members designed specifically around the needs of service personnel. All offer cover on active duty/deployments.
SIIAP members can provide one off and annual policies to cover normal travel and those doing something more active such as diving, skiing, snowboarding, mountaineering and sailing. Most will also be able to offer cover should you have to cancel your holiday due to cancellation of leave of unforeseen deployment.
Specialist advice on Life Insurance for service personnel is vital. SIIAP members will take account of your trade, your unit and deployment status when selecting the most appropriate provider. Ensuring you have sufficient cover in place early is vital as obtaining cover once notified of a deployment can be problematic and can be more expensive.