So you've bought life cover for the Mortgage or to protect the family. Are you sure its going to pay out? Across the board there are two major problems with life assurance policies and the Armed Forces. 1. They won't pay out. 2. They stiff you for extra premium. Lets break this down a bit. 1. They won't pay out. A significant majority of life assurance companies will not pay out on a policy if you die on OP's. They place an Occupational restriction or exsclusion on the policy that states quite clearly that if you the policy holder die on OP's then they don't have to pay out. Now although this is stated clearly its also normally stated in very,very small print hidden away in the middle of the terms and conditions. Are the company/bank/mortgage adviser liable to tell you this? No. If the person you see represents one company (or group) then they legal only have to sell you the best product they have, which doesn't necessarily equate to best for you. They are also under no obligation to point it out to you. So you could end up paying £50 a month for something that may not pay you a penny. 2.Loadings and Ratings A significant number of companies will provide you with cover, however they will also charge you more per month than they would if you were a civvie. This is called an occupational loading or rating. It can basically double the monthly price of you policy. 3. Double whammy Yep there are companies out there who will not only charge you more for the privilege of buying cover from them, but when push comes to shove won't pay out because there's an occupational exclusion on the plan. Now that is pretty low. So whats the answer? Well first of all don't just assume that because the person behind the desk is selling you a contract they know what they are talking about. Secondly try and find someone to deal with who does know the market and how it affects Serving Personnel. And lastly if I've disturbed you enough to go grab your policy documents to check your terms and conditions drop me a pm and I'll put you in touch with one of our own on here who specialises in this field and he will be able to help you. He may even be able to save you a shed load of money each month.