British troops killed without life cover

clock

Dozens of soldiers have been killed in Afghanistan without taking out life insurance while thousands more have served active duty without cover, it has been revealed.

According to government figures more than 45,000 military personnel who served in Afghanistan and Iraq did so without any form of life insurance. A further 32,000 personnel took part in operations in the two countries with less than the maximum cover available to them through the Ministry of Defence's arranged scheme. The figures were obtained by Jim Murphy MP, Defence spokesman for Labour, through Parliamentary questions. Under the current voluntary PAX life insurance scheme, soldiers are able to take out up to 15 units of cover paying £10,000 death benefit per unit and £4,000 cri...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Term Assurance

IRESS launches 'buy-now' term assurance option for advisers

Via The Exchange

Adam Saville
clock 18 February 2019 • 1 min read

Zurich pays 91% of group income protection claims in 2017

Rehabilitation plays key role

Adam Saville
clock 19 July 2018 • 1 min read

Why the scrapping of L&G's terminal illness exclusion matters

Common sense has finally prevailed

Roger Edwards
clock 17 March 2016 • 3 min read