SFS News

Life insurance for the armed forces

Posted on 5th September 2007

Sterling Life Insurance have done a good job in getting a life insurance package for members of the Armed Forces across the Line of Departure, but their insurance is primarily geared to paying off a mortgage in the event of death. So how can service personnel protect their school fees? These could total over £200,000 per child over 10 years. Many service personnel have their children in independent schools, made possible through the contribution of the Continuity of Education Allowance (CEA), which is paid by the Ministry of Defence (MoD). Recent changes to policy made by the MoD mean that in the event of death of a member of the Armed Forces on operations, the remaining parent would receive the CEA up to a child’s 18 ^th birthday, but this might still leave them with a funding gap for the difference in fees, which could be as much as £3,000 - £4,000 a term for a boarding school.

So how can we solve that gap?

SFS Group Ltd has been providing life and critical illness insurance for Armed Forces’ parents whose children are at independent school since 1990 without any hassle and without any discrimination in treating them differently to civilians. To us, it does not matter whether you are Special Forces, Logistics, Aircrew or a Nuclear Submariner. Nor does it matter to us if you are serving in Bulford or Basra , Hounslow or Helmand . It does not affect your premiums. There are no pre-medicals and no lifestyle questions about booze or cigarettes – the only declaration you need to make is any pre-existing medical conditions that you have had in the last 5 years. So long as your child/children are in independent education when you join the scheme, it will pay all school fees up to the child/children’s l8th birthday, if the insured member of the Armed Forces dies whether that the death occurs on operations, in a road traffic accident or through a terminal illness. The school fees even go direct to the school, so that the remaining parent is not bothered with all the administration. We take care of that. Peace of mind in an uncertain world.

How do I sign up?

All you do is click on this link, select the level of cover you require against your age and fill in the electronic form. You do not even have to tell us your occupation, but if you do, it helps us to keep our products and services relevant to your needs. If you sign up on line before 31 August, you will get a 10% discount. Alternatively, you can ring our number between 0830 and 1730 hrs Monday to Friday and ask for an application form to be sent to you or email us at info@sfs-group.co.uk for more information.

Share This Article