Armed Forces and Income Protection

Income protection, at this time, is not available to individuals who work in the Australia or overseas armed forces.

Why Do Insurance Companies Not Offer Income Protection?

Insurance companies assess applications based on the statistical and potential risk a individual poses. By risk, we mean the likelihood of making a claim.

There are a number of factors that impact an insurer’s decision to offer cover, these include the risk a particular country may pose, the impact participation in war has on a person, both physically and emotionally and the risk of injury resulting from performing certain duties.

There are also standard exclusions on every income protection policy within the industry, that specifically state they will not pay a benefit if an individual participates in war, civil war or insurrection.

What Are The Alternatives?

Life insurance companies are willing to offer life insurance cover to those employed by the armed services, so you have essential protection for your loved ones in the event that you pass away (either whilst in Australia or on deployment).

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