Life and Personal Accident Insurance for Service Personnel
When considering adequate life insurance or personal accident insurance, Service personnel need to take into account that aspects of military life and employment are sometimes excluded from ‘high street’ insurers.
The MoD has recently awarded a contract to PAX Life
& PAX Personal Accident Scheme
to provide these products for service personnel which takes military life into account (PAX Life replaces SLI365).
For more information, please read 2019DIN01-110 and 2019DIN01-111 both available on DefNet. Please note there is no obligation to join either scheme, any decision made is purely voluntary but awareness of these products should be considered as part of any financial planning.