Military Insurance
Military insurance offers essential financial protection to Service Personnel and their families during deployments, high-risk operations, and transitioning to civilian life, providing peace of mind and ensuring financial well-being in times of uncertainty
Life Cover
Military life insurance is crucial for service members for various reasons:
- Deployment and High-Risk Operations: Service members often face deployments to conflict zones or participate in high-risk operations. Military life insurance provides financial protection to ensure that your family is supported financially in case of your death while on active duty.
- Additional Coverage: While the Ministry of Defence (MoD) provides some life insurance coverage called a Death in Service Benefit (4 x Annual Salary) it may not be sufficient to meet the specific needs of all service members. Military life insurance allows you to supplement your Death in Service Benefit, ensuring that your loved ones receive an adequate payout to cover expenses and maintain their quality of life.
- Transition to Civilian Life: When transitioning from military service to civilian life, your Death in Service Benefit will no longer apply. Military life insurance can provide a seamless transition, allowing you to continue your life insurance coverage even after leaving the armed forces.
These reasons underscore the importance of Military life insurance in providing comprehensive financial protection for service members and their families during and after their military service.
Military life insurance provides financial security to service members and their families, offering peace of mind and support in the event of the insured’s death during military service or deployment
Critical Illness
Should I have Critical or Serious Illness cover?
If you don’t have a savings buffer, critical/serious illness insurance can provide financial support in the event that you become seriously ill.
Your lump sum pay-out could be used to pay for things like:
- Your mortgage
- Lost earnings
- Household bills and other outgoings
- Private medical care or specialist treatment
Don’t assume that if you don’t have dependants you don’t need cover. If you live on your own, for example, you will need to ensure your financial commitments continue to be met.
Military critical illness cover offers vital financial support to service members by providing a lump-sum payment upon diagnosis of specified critical illnesses, helping them cover medical expenses and maintain financial stability during challenging times
Kit and Contents
Do I need Military Kit and Contents insurance?
This all depends on your attitude to risk. If you want peace of mind and are considering cover then we are here to help.
We search the whole of market and are committed to finding you a provider that is fit for purpose and gives value for money.
We focus on key points that we believe will be important to you:
- A premium that is value for money
- Correct levels of cover ensuring that you are not overpaying for the product
- March out cover at £20,000 (Tenants liability, Licence to Occupy)
- Ensuring all your military kit, contents and personal possessions are covered
- Personal/Public Liability
- No monthly administration costs
Inclusive of much more, rest assured we will get you the right cover for the right price.
Military kit and contents insurance protects the personal belongings and equipment of service members, ensuring that they are financially covered in case of loss, damage, or theft, whether in barracks or during deployments
Financial Education
Understanding the financial wellbeing of the Armed Forces community and delivering content to promote better financial lives
Financial Education
Through Unit Health Fairs and individually requested projects, we gather the data and create the insights.
Units receive a bespoke pack that identifies trends and makes recommendations on what content is needed to tackle the financial stresses of the participants.
The analysis you need to deliver the content that matters
Financial Briefings
Supporting you as you lead your teams to become financially resilient.
We look at the typical financial stresses seen within the Armed Forces community and provide actionable strategies for audiences to improve their financial lives.
The only financial briefing you need
What Others Say
…we had the team in to give a financial brief, which on a personal point it was probably one of the better ones I have had in my time in the green machine.
I know there are other companies about and we are always seeing if there are ways to help our soldiers and families but for what my opinion is worth, this brief was worth it’s weight in gold…
RSM – 26 RE
Briefing FAQ
What subjects does a Wisey briefing cover?
Our briefings cover:
- Money Management
- Mortgage Readiness
- Financial Resilience
We cover these topics as we believe these are the most pressing financial issues facing members of the Armed Forces today. This is not just our opinion. We have analysed the data gathered from our Financial Wellbeing Surveys and see a consistent trend of people requiring assistance in these areas.
In addition, personnel in senior roles may find the content useful from a signposting perspective should they be approached about financial matters by junior team members.
What format is the briefing in?
We can deliver the briefing in several different ways.
- Formal presentation on camp
- Round table workshop/conversation
- Webinar
We’ll work with you to identify what format is most suitable for you and your colleagues.
Is there a cost for the briefing?
We don’t charge a fee to conduct our briefings.
As you don’t charge, how does Wisey make money?
If an individual instructs us to arrange an insurance policy on their behalf, we receive a commission from the insurance company as a thank you for introducing them as a new customer. These commission payments allow us to run our platform, pay our staff and are the reason we can continue to provide free tools and content to you.
So is this just a sales pitch?
We hope that our briefings are not perceived in this way.
Yes, during the presentation we talk about a number of subjects, some of which could create an opportunity for audience members to become clients, allowing us to make money.
But we have put a lot of work into understanding the specific requirements of Armed Forces personnel. To that end, our briefing aims to be informative and educational.
When we talk about insurance products, we discuss:
- When a product might be suitable and when it isn’t.
- What employee benefits could substitute the need for personal insurance.
- Which providers are most suitable for Armed Forces personnel.
- How to build a policy that covers you correctly.
Will Wisey insist on gathering personal details of those who attend a briefing?
No. At no point will a representative of Wisey insist that all audience members hand over their personal contact details.
Our brief aims to educate and inform, but to also generate interest in our services and products. To this end, audience members will be invited to share their contact details should they want to engage with a Wisey adviser in the future. This is not mandated and is optional.
How long is the brief?
Typically, our briefing last for 45 – 60 minutes allowing for questions and answers.
Who authorises Wisey to brief Soldiers?
Wisey work with RAO Dets initially to gain authorisation to present at a sub unit level.
What equipment do you need?
We can provide all necessary equipment but can connect to supplied audio-visual equipment if available.
Is the content you deliver financial advice?
The objective of the briefing is to raise awareness and educate on different financial disciplines and products. Should an audience member engage with us following a briefing, they will receive regulated financial advice.
Other than generating enquiries, why do you do these briefings?
As financial advisers we focus on building the financial resilience of our clients’ lives. Even for those that do not want or need our services, at the time we present to them, we can still positively impact their lives by giving them unique insights to allow them to make better financial decisions in the future.
