Life Insurance For Military Personnel

military life insurance

Members of the Armed Forces can have peace of mind knowing their families are protected.

However, not all service personnel understand the critical features of Military Life Insurance UK.

Contrary to conventional wisdom, big household insurers may not be the best place for quality, affordable coverage.

  • Apply for the right-sized lump sum, enabling your family to have a home free of mortgage and a cash reserve for other costs.

  • Benefit from options from specialist insurers not featured on the comparison engine sites.

  • Consider critical illness cover, terminal illness cover and income protection insurance simultaneously.

  • Premium tailored to your personal circumstances and role in the Military

Get a quote today and find out important information on your best options:

armed forces life insurance cover

Military Life Insurance UK

Some mainstream providers that do not have a fair approach to risk make some good money on military life insurance policies.

Chimat has done extensive research on military life insurance cover and has found several niche insurers that know the risks and can offer secure life insurance cover at an affordable price for most personal circumstances.

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You could argue it’s your responsibility to protect your family’s financial future without relying on death benefits and other financial protection provided by the state.

Comprehensive military life coverage from Chimat could help clear your repayment mortgage, so the insurance company essentially gifts your family an unencumbered home.

The cost of armed forces insurance and absolute military insurance can vary significantly depending on the predefined term and amount of cover.

Armed Forces Life Insurance UK

British Armed Forces personnel life cover can help protect your family’s future needs and repay a mortgage, outstanding debts, and funeral costs.

However, it can happen that the Armed Forces compensation scheme, Armed Forces pension scheme, and civilian life financial support let your loved ones down.

Towergate Military Life Insurance Quotes With Serious Illness Cover

Towergate is a specialist in military insurance for armed forces kit and travel. It also offers personal accident insurance for the Army, RAF, and Marines.

The specifics of their cover include Right Dress Basic, Right Dress Kit and Home plus Right Dress Advantage.

what is military life insurance UK?

Service Life Insurance Cost – Buy Life Insurance That Suits You

Getting your family financial security with a military life insurance policy can be very affordable.

Chimat has military personnel life insurance protection with premiums as little as 16% higher than people in more conventional occupations, depending on some personal factors.

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Suppose your military benefits, service benefit or higher risk financial aid is significant.

In that case, other branches of the Chimat team have extensive knowledge of inheritance tax and death in service implications.

Army Life Insurance Plan With Critical Illness Cover

When studying your personal life insurance, it’s essential to quantify your financial commitments so you have the right amount of financial cover should the worst happen.

To make sure your family members are financially protected, the right cover and an appropriate amount of cover is insured. For many people, the peace of mind is vital.

If you have an interest only mortgage, your approach to family financial protection may need to be a bit different and the monthly premiums could be higher.

benefits of army, navy and air force cover

Best Life Insurance For Armed Forces

The big brand insurers, featured on the comparison sites and often featured on the TV ads, have proven to be some of the worst providers.

Chimat has some excellent specialist life insurance cover providers who clearly understand the increased risks while serving.

Getting a free quote from Chimat might surprise you as to how little individual policies can cost, so you know your family is financially secure.

Armed Forces Personnel Decreasing Term Life Insurance Costs

Some of most savvy military service personnel understand their own individual circumstances very well.

Getting a higher amount of cover but a decreasing term policy can be the best deal. As a person’s military career proceeds, more of their family home is paid off, and the family’s savings can increase.

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This is why some armed forces personnel realise that the family’s needs are much greater early on and reduce over time.

Military Service Joint Life Insurance Cost

One key way to get the best rates on your active duty sum assured is to get cover for your partner at the same time.

As long as your partners’ current lifestyle and health are good, one policy rather than two individual policies for the entire policy term can protect you from higher premiums.

High Risk Whole Life Insurance Policy

Some UK residents have occupations that are considered far more risky than life insurance for military.

This guide to life insurance for dangerous jobs UK will help you understand how people can get cover for other high risk jobs.

With some specific information, Chimat can use our life insurance calculator to give you an accurate life insurance quote.

They will definitely need to know your smoker status and your family’s living costs.

Military Life Insurance Cover For Officers And People in Administration Roles

Chimat can tailor your life insurance protection to the risk of your role. So, if your role is less risky you pay a lower premium.

The Chimat insurers can cover:

  • Royal Marines level term life insurance

  • British Army decreasing cover joint life insurance policy

  • Royal Navy single life insurance

  • Royal Air Force decreasing life insurance

  • HM Naval Service mortgage life insurance

Features of more difficult UK armed forces cases that have been overcome:

  • Previous serious illness or history of mental health issues

  • Significant medical history or existing medical conditions

  • Higher occupational risk cases

  • Serving military in conflict zones

  • Life insurance policies for military personnel with dangerous military kit

Other types of insurance cover common with people with a military occupation:

  • Terminal illness cover insurance provider

  • Income protection insurance

  • Critical illness cover with mortgage protection

  • Military life insurance with bundled personal accident insurance

  • Personal possessions and travel insurance fee free cover

Specialist cover insurance providers offer individuals involved with or subject to :

  • Dangerous machinery

  • Hazardous materials

  • Historic problematic medical information

The key to protecting your loved ones or other financially dependent people is getting the right advice on the fixed sum and future monthly payments for everyday living expenses and maybe school fees.

The size of the financial safety net your family needs may be more significant than you initially calculated.

How does life insurance work?

It’s not as scary as it sounds. Pay monthly. You can pay this via Direct Debit. Our life insurance starts from just £7.21 a month. The claims paid come in the form of a tax-free lump sum.