Hi everyone, in the latest podcast episode I am talking about arranging protection insurance for people that are in the Armed Forces. 

When we think about the Armed Forces it’s probably quite clear as to the risks that insurers are worried about. The main one is of course that there is a much higher risk of dying than there is for someone that is sat at a desk all day. But it isn’t as simple as that. Yes, someone that is actively deployed to a warzone, or has high risk duties like bomb disposal, is at more of an immediate risk of danger. There are however many people in the Armed Forces who are not in this position, they are not under active deployment and they might in fact be doing a desk based job.

Critical illness cover is a really interesting area too, with premium ratings and exclusions sometimes added to policies. Income protection can be even more interesting especially when you consider the employment benefits that you get from working in the Armed Forces.

The key takeaways:

• Breakdowns of how per mille loadings work and the types of exclusions that might be put on critical illness cover.
• Make sure you tell your clients about the JPAF0100 form, it’s going to save them a lot of money!
• Two case study clients getting life insurance and income protection for armed forces personnel.

Next time Roy is back with me and we are being joined by Tim Smith from Hannover Re. He will be talking to us about how reinsurers fit into the protection insurance sector, the differences between personal and group underwriting, risk pooling and access to insurance.

Remember, if you are listening to this as part of your work, you can claim a CPD certificate on our website, thanks to our sponsors Octo Members.

If you want to know more about how to arrange protection insurance, take a look at my Protection Insurance in Practice course here.