Sports Financial Services is aware of the many risks and hazards associated with military service. We therefore offer expert advice on hazardous hobbies and high-risk occupations. In order to find a military life insurance company, get in touch with Sports Financial Services.
With over 20 years of experience, we have offered advice and protection to numerous different outdoor sports enthusiasts, such as mountaineers, skydivers and canoeists. As a result, we have acquired industrial knowledge for numerous outdoor pursuits and other related professions.
In addition to offering outdoor sports cover, Sports Financial Services also provides insurance for hazardous occupations, including military roles. Military occupations frequently require a combination of physical and technical expertise and are often carried out in challenging environments. As such, military life insurance typically demands specialised coverage. If you’re looking to explore options for military life insurance, critical illness cover, or income protection, you’ve come to the right place.
Choosing a Military life insurance company
Life Insurance for Military Members vary depending on the insurance provider as well as the type of military activities you are engaged in. For this reason, specialist advice can be beneficial in
obtaining the right cover for you and your particular circumstances.
For many years, we have been working with people who enjoy outdoor sports and
occupations. Because of this, we have a great deal of experience discussing cover for many
outdoor occupations and outdoor activities such as canoeing, scuba diving, mountain biking,
rock climbing, mountaineering, skydiving and skiing.
When seeking specialist insurance for high-risk activities such as military service, you may encounter additional requirements for underwriters to fully assess your military duties. Due to the nature of these activities, certain financial protections may come at a higher cost or face exclusions. Your personal adviser at Sports Financial Services will guide you through these details to ensure you have the right coverage in place.
Our history of helping people who engage with hazardous sports and occupations means
that we understand the needs of those that operate at the extremes.
Here are some areas that insurers might consider when assessing your enquiry for military
life insurance:
- How is your health and lifestyle? (e.g., alcohol consumption, exercise and smoking)
- What is your current military role 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?
Such questions, and many more, will help us find the facts that insurance companies require
in relation to you, your occupation and your lifestyle.
Differences between Military Life Insurance Vs Critical Illness Cover and Income Protection
Critical Illness Cover:
Many who seek critical illness cover are seeking peace of mind. It is important for anyone
who takes part in hazardous activities to make sure that they disclose this during their
enquiry as this affects what type of cover, they can obtain.
Cover for some sports and occupations can be offered at standard rates with no special
terms imposed whilst participation in other sports and occupations may result in premium
loadings, special terms, restrictions or exclusions. Your sports and occupations specialist at
Sports Financial Services will talk you through the options available to you.
Income Protection:
Income protection is important to consider, particularly if you take part in hazardous
activities. Income protection can provide some reassurance if you are unable to work due to
injury or sickness. This can help contribute towards any financial commitments such as
mortgage payments to credit card bills.
Again, applications for income protection are dependent on many factors, for example, if you
have had significant time off work in the past due to injury or sickness, this can affect your
cover. Other factors that can affect income protection include participation in some extreme
sports and activities which may result in premium loadings, restrictions or exclusions. Your
adviser at Sports Financial Services will discuss your needs and the options available to you.
Different types of Military life insurance
Whatever military or armed forces role you hold please contact Sports Financial Services to discuss your
needs. Sports Financial Services specialise in sport and hazardous occupations. You can speak to us about options for a wide array of different activities – just contact us to discuss your needs with one of our hazardous sport and occupation experts.
Military Life Insurance Company FAQs
Yes, you can typically obtain life insurance coverage in the military. Many insurance providers offer specific policies tailored to military personnel, considering the risks associated with their service. It’s advisable for anyone in the military to explore insurance options that accommodate their unique circumstances and potentially offer benefits or specialised coverage.
Yes, life insurance generally pays out for death during war, as long as the policy was active before the individual entered the war zone or military service. However, specific terms and exclusions can vary, so it’s crucial to review the policy for any war-related clauses.
Income protection insurance costs vary based on several factors, including your age, occupation, health, the level of coverage, and the waiting or benefit period. On average, premiums typically range from 1% to 3% of your annual income. For example, if you earn £40,000 per year, you could expect to pay between £400 and £1,200 annually for coverage. However, if you work in a higher-risk occupation or have pre-existing health conditions, the cost may be higher. Adjusting factors like a longer waiting period or a shorter benefit term can also influence the overall premium.
Contact Sports FS Today to Secure Your Military Life Insurance
To ensure you and your family are fully protected, it’s essential to have the right cover tailored to your unique needs as a member of the armed forces. At Sports FS, we understand the challenges of military life and the importance of securing your future. Get in touch with our team today to discuss the best life insurance options available to you. With our expert guidance, you can confidently protect what matters most, no matter where your service takes you.
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