Soldiers ‘unlikely to get life insurance while in action’
High-risk insurance customers such as soldiers are unlikely to get cover from many life insurance companies, it has been claimed.
According to one UK financial services company, soldiers may only be able to get a standard-rate policy if they are not under order to go to an area of conflict.
"Once a soldier had been given notification that he was to go to Afghanistan or Iraq, nobody will insure them - they won’t be able to get cover from any life insurance companies," remarked William McCartney from Armed Forces specialists Apple Insurance Brokers.
He recommended that any soldier exploring his or her cover options purchase cover "sooner rather than later".
Figures from the Defence Analytical Services Agency indicate that in July this year there were 183,530 members of the UK Armed Forces at all ranks.
In 2006, a total of 190 deaths occurred among the Forces, half of which were the result of accidents.
Mr McCartney pointed out that although many life insurance policies state that an individual would not be covered under acts of war, the majority of providers would pay out regardless to avoid negative publicity.
The Insurance Helpline specialises in obtaining cover for people with medical conditions and high-risk jobs
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