Military Life Insurance from £6 to £8 Per Month

Get a free quote for military life cover that you can use during your service and also take into civilian life. Complete our application in less than 5 minutes and get covered in 24 hours!

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    Why Use Forces Compare for Military Life Insurance?

    As a price comparison website run by former soldiers, we are here to give you access to the best rates and cover possible. We have partnered with Absolute Military who are a real specialist when it comes offering insurance and finding the right product for the customer.

    Our goal is help you find the best life insurance for soldiers that is personalised for you – and not something that is off the shelf or for the wider audience. There are a lot of personal factors to take into consideration including how long you want cover for, the type of service you do and the risks that come with it.

    In short, the small and focused team at Absolute Military is ready and available to discuss your requirements, getting you the most affordable and quality cover to protect you and your family’s finances.

    Working with a range of insurers including Aviva, Pulse, Vitality, Guardian and Legal & General – you are truly getting a full market comparison and the best options for you. In some cases this might mean a military specific life insurance product, or in other cases, putting you onto a regular life policy and accessing some of the lowest rates on the market.

    Key Features

    • Life insurance cover from £6 to £8 per month (normally £28-£33)
    • Pays out a multiple of your salary (5 to 10 times) if you die
    • Provides cover anywhere in the world
    • Can be used whilst serving in the military
    • And carried over to civilian life
    • Flexible terms from 5 to 40 years policy duration
    • Get covered within 24 hours
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    What is Military Life Insurance?

    Military life insurance policies offer financial protection for you and your loved ones if you were to die during your military service. This involves paying a monthly fee to an insurance provider and this will pay out 5 times or 10 times your annual salary to your loved ones to cover everyday expenses, living costs and to maintain a certain quality of life.

    With a life insurance policy for soldiers, you are able to get excellent cover that takes into account the nature and risks of your job – and you can access affordable rates too, rather than paying well over the mark. Whilst the average military life policy costs around £28 to £33 per month, our partners at Absolute Military have specialist rates where our customers usually pay around £6 to £8 per month.

    You have a number of options when choosing your policy, whether you want to pay for a few years (5, 10 or 20 years), your entire life (whole of life) or whether you want to pay decreasing, increasing or level over time. We have a number of affordable options to suit your personal requirements.

    Speak to us about life insurance for:

    • Armed forces
    • Serving military
    • Soldiers
    • Veterans
    • Civilians

    What Are The Types of Military Life Insurance?

    Term Life Insurance

    This is where you choose the amount you want to be insured for and the period you want cover for. For instance, you can say that I want my family to have £200,000 if I die during my work in the next 10 years.

    This allows you to plan very easily and accordingly, the only downside is that if the policy does not pay out, your premiums are not refunded or returned to you. It is the perfect example of having insurance since it only pays out if used – but fortunately if you don’t use it, it means you’re still alive, right?

    Death in Service

    Death in service is a type of life insurance which is organised and arranged through your employer – and it simply pays out a multiple of your salary to your loved ones if you die e.g 3, 5 or 10 times.

    This is usually tax-free and paid in one lump sum, either straight to your family or into a trust where the trustees decide how it is paid out to the rest of your family and relatives.

    Death in service is available whether you die during your work, at home or on holiday – it is still available to you and your family, regardless of where you die.

    Whole Life Insurance

    Whole of life insurance is something that you continue to pay each month for your entire life, not just a fixed term.

    After all, you are expected to die at some point, whether it is in 20 or 50 or 100 years time – and you just continue to pay premiums each month and therefore it is going to be more costly since you are paying more over time.

    This can be ‘balanced’ where your premiums stay the same throughout your life and the insurer will pay a fixed sum upon death.

    Or you can have a ‘maximum cover’ where your premiums are invested into a fund and this could either increase or decrease the overall payout to your family.

    Critical Illness

    Critical illness is often sold alongside life insurance policies and it aims to offer a cash payout to you and your family if you are critically ill or injured, whether it is a loss of limbs, blindness, deafness, paralysation or certain cancers that stop you from doing your work.

    This payout is designed to cover any losses of income short-term or long-term and to help you continue to pay for your lifestyle and that of your family.

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    How is Military Life Insurance Different From Regular Life Cover?

    With a military insurance policy, there are ‘loadings’ placed on them, which consider the potential risks of being in the military, whether it is being exposed to life threatening or high risk situations from vehicles, weapons, terrorism or acts of war.

    Depending on what you do in the military, this may or may not come with life insurance or income protection. For some jobs in the armed forces, you have peace of mind knowing that if your life is in danger or you are seriously injured, that your benefits will kick in and this will help cover your daily living costs and offer financial cover for your family.

    However, this is not always the case and some military benefits only offer a very simplified version of life insurance, which is why if you have not already checked what benefits you have, it could be worth topping this up with a life insurance policy or income protection.

    When applying, you can choose exactly how much coverage you want and what salary multiples or kind of payout you would like your family to have if you pass away or are seriously injured and cannot work.

    If you have no or few exclusions, you may in fact be eligible for a regular policy.

    What Eligibility Factors Are Taken Into Consideration When I Apply?

    • Your age
    • Your health – smoker and medical history
    • Your position and activity in the military
    • The length of your insurance term
    • The amount of cover you want
    • How long you intend to serve for

    How Much Will My Military Life Insurance Policy Pay Out?

    Your life insurance policy will usually pay out multiples of your annual salary, which could be 5,6 or 10 times – and this could be paid in one large sum to your family, including your wife, husband, parents, siblings or children.

    When taking out a policy, you are agreeing to a level of cover and choosing to invest a certain amount each month. So paying more each month and consistently over several years, will give you access to a higher payout. It is not like a pension where you put money aside to use at a later date, it is based simply on a multiplication of your salary.

    If you are young, you might take out a policy for 40 years, but if you are much older, you may only want a policy for 10 or 20 years. The number of years and how long you pay for will determine the overall amount your family receives when you die.

    Army Dependants Trust (ADT)

    The Army Dependants’ Trust is a charity that provides discretionary cash grants to dependants/next of kin of soldiers who die in Service, from whatever cause, to relieve immediate financial hardship to the member’s family.

    If the serving partner was a member, the family could receive up to £15,000. This is free from tax and available immediately to help the family with any short-term debt (credit cards, car finance) or ongoing expenses, such as mortgage payments, or with additional funeral costs. The trust is automatically notified of a member’s death and takes all the necessary action.

    The serving person can sign up via their Unit Admin Office and pay a £8.75 per year donation, which is deducted automatically from their January pay.

    Military Life Insurance - FAQs

    Being in the serving military comes with benefits and there are trusts and schemes that put money aside to compensate you and your family if you die whilst doing service.

    But every soldier has different requirements and number of family members they support – and having military life insurance can put a certain amount of money aside for you and your loved ones in case you die.

    Whether it is paying mortgages and other living costs for your family, having life cover can top you up and make sure that your family is well looked after. At Forces Compare, you are able to get a personalised quote for your own circumstances and we are here to help you today!

    Yes, the policies from Absolute Military are designed to be moved from serving to civilian life if need be, with the option to make any amendments to your policy at any time. This is very common and has been used by thousands of ex-soldiers to date.

    Yes, you can certainly add your spouse or partner to the policy and there are often ways to include this for free or at a very small cost. Your children are regularly added to your policy too if they are under a certain age.

    Our military life insurance policies start from just £6 to £8 per month but this can higher depending on factors such as:

     

    • Your age
    • The risk factors
    • The service you do
    • Type and length of your policy
    • Number of dependents

    Jim has been paying for life term insurance for the last 5 years and has a salary of £45,000 per year. If Jim were to die whilst at work, his wife and two kids would receive a multiple of 4 of his salary, in one lump sum which is tax-free, equal to £180,000.

    Start by completing our application online which takes less than 5 minutes. One of our advisors from Absolute Military will phone you and ask further questions. All quotes provided are very personalised to your requirements and based on facts rather than guess work. We aim to offer a quote immediately and you can be fully covered on the same day.

    We are proud to offer same day quotes and cover as soon as you have signed up, which can be absolutely immediate!

    Restrictions on cover may apply if under orders to deploy to an area of conflict within 3 months.

    Yes, you are usually automatically covered if you die whilst at work in the UK or anywhere overseas. This is something that you can always check when you apply and receive your policy, but it is often included as standard.

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