Being a military member can be highly rewarding, but at the same time it can aslo come with a high level of risk. This kind of occupation comes with a lot more risks then your average job mentally and physcially. If you have other people depending on you financially then as a military member, life insurance can be crucial, to protect your loved ones in the case of death.
Life insurance for military members can sometimes require higher premiums depending on your circumstances. If you are looking for life insurance for military members, critical illness cover, income protection or even mortage protection please speak to us at Sports Financial Services today. There are many different factors your insurer will take into consideration during the underwriting process of life insurance for military members. Underwriting is the process by which your insurer determines how risky your occupation is to insure, some of these factors you might be asked about are:
- How is your health and lifestyle? (e.g., alcohol consumption, exercise and smoking)
- What is your current employment and does it take you on international travel? (e.g., UK, Europe and/or worldwide)
- What type of military activities do you participate in?
- Do you participate in hazardous sports and pastimes?
Critical illness cover for military members
Covering specific illnesses or medical conditions that could have a negative impact on your life, family, and finances is possible with critical illness cover. Anyone who engages in high risk occupations and requests information on critical illness coverage will have their request evaluated in light of the activities they engage in. Different forms of coverage will be evaluated in different ways when it comes to life insurance for military members.
Participation in some sports and occupations may result in premium loadings, restrictions, or exclusions, much like with critical illness cover. When you contact Sports Financial Services, an advisor will talk to you about your needs and the solutions that are open to you.
Income protection for military members
Income protection is a crucial insurance option to take into account, especially if you engage in high risk activities whilst during the military. If you are unable to work because of an illness or injury, income protection may provide you peace of mind. You might want to think about what would happen if you had a loan, mortgage, credit cards, regular expenses, or family financial obligations and were unable to make the payments due to a lack of income if you were unable to work.
Applications for income protection are subject to a number of conditions, such as whether you have ever been hurt while engaging in your activities previously and whether those injuries have required you to take a sizable period of time off work.
How much does life insurance for military members cost
Depending on the details you disclose about your military duties during the underwriting procedure of life insurance for military members. Your premium may have a loading added on by your insurer, increasing the cost of your insurance. Don’t forget that, regardless of your profession or interests, the cost of life insurance depends on a number of additional criteria’s. Such as your age, health, and lifestyle, as well as the type of coverage you choose.
Why you should choose Sports Financial Servies for your life insurance for military members
Here at Sports Financial Services we are a group of insurance experts with many years of expertise working with people who engage in high risk sports and occupations. We are aware of how crucial it is to locate affordable life insurance for military members. You should consult with our extreme sport and occupation experts even if you already have a life insurance policy in place, have previously had your application for military life insurance rejected, or have had trouble getting insurance in the past.
Whatever your recreational or occupational pursuits we are here to discuss your protection needs. Get in touch with us today, alternatively, you can contact us by filling out our online form.