ABI: New MOD service life insurance scheme is good news for the military

Commenting on today’s Ministry of Defence announcement of a new life insurance scheme for the Armed Forces, underwritten by ABI member company Sterling Life, Nick Starling, the ABI’s Director of General Insurance and Health, said:

“Service personnel have always been able to buy life and protection insurance, and tens of thousands already have policies. But there can be difficulties in obtaining cover for the first time when applicants have already been placed under readiness for operational deployments.

“The ABI has advised the MOD on this issue and we support the new scheme. It will ensure that every Serviceman and woman will now be able to buy a life insurance policy, at any time, to protect their families.”