Towergate Wilsons, the leading insurance provider to the Armed Forces, today launches the revised Service Life Insurance (SLI) scheme. SLI, designed by the military for the military, is a unique term life insurance policy that offers cover for worldwide war and terrorism risks, requires no medical examination or completion of a lengthy application form and does not load premiums for any specific trades or occupations - unlike most other providers offering term life cover to the British Armed Forces.
Current operational tempo means that service people are deploying more frequently, and at greater risk, than at any time in recent history. To balance these risks, and offer an assured future to their dependants, a straight forward life insurance option for a fixed premium is required; that can be taken out the night before deployment; with a substantial maximum cover of £200,000, where there is no loading for high risk personnel and where cover is guaranteed. SLI is the first life insurance policy for service personnel to offer all these benefits. As such it is a genuine breakthrough. MOD support for the scheme has ensured premiums that are both low and stable.
Life insurance: News update: 01/06/2009