Life Insurance for the Military

When shopping online for the best life insurance quote, there are a number of websites promising instant term life quotes. Often, these websites are offering generic life insurance policies that can be used by the vast majority of consumers. Military life insurance needs are very different from those of the general population, however, making it difficult to obtain the best life insurance quote.

Military Life Insurance and Combat Exclusions

The problem for many military members is that many life insurance policies have clauses which preclude the insurance company from paying when the policy holder dies in combat and/or dies while on foreign soil. These combat exclusions were historically added to policies during wartime in order to prevent insurance companies from going bankrupt in the case of mass casualties. For this reason, many governments, including the United States, provide some type of life insurance for its members. The coverage level is relatively low, however, and soldiers do not get to comparison shop for the best life insurance quote, but rather are made to choose the company that has been selected for them or go without life insurance.

Supplement SGLI Benefits

Fortunately, a number of insurance companies have realized that this gap in the insurance marketplace is a great way to serve military members. Military members can easily search for instant term life quotes for policies which will supplement their SGLI benefits, as well as find the best life insurance quote for their dependent family members, such as a spouse. Spousal policies are particularly important for military families, even if a spouse does not work outside the home. In the event of a spouse s death, a military member can still be ordered on deployment, leaving him or her in the position to pay for childcare while they are serving abroad.

The Importance of Comparing Policy Exclusions

When shopping for instant term life quotes, there is often no way to quickly compare exclusions on a variety of policies. For military members, however, it is vital that the best life insurance quote they pick specifically state that it will pay out in the event of a combat-related death. It can therefore be important for military members to go beyond the instant term life quotes and compare policies based on the exclusion clauses, as well as the company s reputation and price. While time-consuming, the process is definitely worth the peace of mind it can bring to a soldier and his or her family.