Sports Financial Services specialise in offering expert advice for dangerous sports and high risk occupations. This includes army life insurance, critical illness cover and income protection.
Many people who have a hazardous occupation, like the armed forces or police officers life insurance, will need specialist insurance cover in place to ensure that their family, home or businesses are protected. It’s important to consider that when looking for life insurance, the added risk of injury and threat to life means there is a higher possibility of additional underwriting requirements and even restrictions on cover. These generally depend on your position in the forces and whether or not you are on active duty for example.
Sports Financial Services Aim
Sports Financial aims to find people with non-standard risks such as Armed Forces, the right life insurance for armed forces, critical illness cover or income protection at the right price. It is often the case that our team of advisers has managed to get the cover that our clients need as well as help to save them money on their insurance.
Why armed forces personnel may need specialist cover
Many standard insurance products are designed with lower-risk occupations in mind. As a result, members of the Armed Forces can sometimes find that their occupation leads to additional questions during the application process or that certain insurers are unwilling to offer cover altogether.
Working with a specialist adviser can help simplify the process. We understand how insurers assess military occupations and can identify providers that are more comfortable offering cover to serving personnel. This can save time, reduce unnecessary applications and improve your chances of finding suitable protection.
Army life insurance for serving personnel
Whether you are serving in the British Army full-time, part-time or in a specialist role, having the right financial protection in place can provide valuable peace of mind. Life insurance can help protect your family financially by providing a lump sum payment should the worst happen during the policy term.
The level of cover available and the premiums you pay will depend on a range of factors, including your role, health, age and the amount of cover required. Our advisers can help you compare options from a range of insurers and explain any occupation-specific terms before you apply.
Army life insurance Underwriting
As with most high risk or hazardous occupations, life insurance for Armed Forces can potentially attract increases in premiums or possible special terms depending on the role and levels of activity. Fortunately in most cases we see for life insurance there is often a strong possibility of being able to get cover and often at the same rates as someone with a lower risk occupation. It can be more difficult to get life insurance during periods of conflict or where the individual is involved in higher risk activities. Some of the main considerations for underwriting life insurance for Armed Forces are:
- What is your role
- Are you under orders or in active duty
Several other standard factors which will determine the premiums you would pay for Armed Forces life insurance are:
- Amount of cover (£’s)
- Term of cover (years)
- Type of policy
For free advice or a quotation for life insurance complete our online enquiry form or contact our experts on 0345 565 0935. We also offer cover such as Navy life insurance, military life insurance, merchant navy life insurance and British Armed Forces Life Insurance.
Get a no-obligation quoteArmy critical illness cover
Most cases we have dealt with for Army personnel looking for critical illness cover, we have been able to get the cover and often at a similar price to people with standard risk occupations. In some cases where the individual’s role is considered to be higher risk there could be additional underwriting requirements for Armed Forces critical illness cover which can result in an additional premium loadings, exclusions or even potential decline.
As with most hazardous or dangerous occupations, it is possible that you could be able to get the cover you need from some insurance providers where others may decline cover. Armed Forces critical illness cover is exactly the same and sometimes even more so due to the fact that some insurance providers simply do not like to accept this type of occupation. If you have previously struggled to get Army critical illness cover or have been declined cover then you should contact one of our experts.
Army income protection
We generally find that Armed Forces income protection cover is very rarely available unless your role is very low risk (e.g. Administration or Office Staff). Unfortunately most roles in the Armed Forces are considered to be too high risk for an income protection policy for the vast majority of insurance providers. There are some specialist insurance products available which can offer some cover for Armed Forces income protection so it is worth asking us about it.
Life insurance, critical illness cover and income protection
For more information about us, life insurance or general financial advice speak to one of our team of experts for free advice about life insurance, critical illness cover and income protection for armed forces, simply complete our enquiry form or contact us on 0345 565 0935.