By agreeing to join the military, one also agrees to take up the many risks that military service comes with. And while risk is an inevitable part of …
By agreeing to join the military,Military Kit and Life Insurance From Abacus Articles one also agrees to take up the many risks that military service comes with. And while risk is an inevitable part of military life – and indeed life at large – there are various steps one can take to manage the risk. One of the most widely accepted risk management strategies is taking up insurance.
The risky nature of all military undertakings means that military insurance has to be tailored differently from insurance for the general population. Ordinary insurance companies used to have difficulties with military insurance due to the many facets it come with. As it were, the reality of military risk is such that it cannot be adequately covered by the actuarial modeling used in designing the ordinary insurance packages. This creates an obvious need for specialized military insurance. Consequently, a number of companies specializing in military insurance have come up. One of the leading companies that offer such specialized military insurance is Abacus, which is particularly well known for its services to the united Kingdom military.
One of the products for which Abacus is famous is its military life insurance, which is available to members of all units in the armed forces. Through abacus’ military life insurance, soldiers are assured of peace of mind as they undertake their patriotic duties. Thanks to abacus military life insurance, a soldier is for instance assured that his family is well taken care of even should, God forbid, sudden death come upon them. And while the possibility of sudden death is a reality that all soldiers in active duty find themselves having to live with – and which many accept valiantly – the question of the wellbeing of one’s close family upon such an occurrence is an issue that not many soldiers are willing to leave to chance. And apart from such sudden demise, abacus military life insurance also covers you in case you are suddenly diagnosed with a critical illness. The basic workings of this insurance is such that if you meet sudden death your family is paid a given amount of money, and if you are diagnosed with a critical illness, you receive a stated amount of money, which can go a long way to help you put your affairs in order, or put up investments which can provide you with an income if the illness makes it hard for you to work.
Another popular military insurance product from Abacus is the military kit insurance. As it were, a soldier’s military kit is one of the things that a soldier is personally responsible form, meaning that one has to replace the kit which – tends to be rather expensive – should it get damaged or lost. Before the advent of military kit insurance, losing one’s military kit would have been a trully terrible occurrence, as it would possibly mean foregoing several months’ pay and going through a lot of financial distress in order to replace the kit. But thanks to military kit insurance, a soldier can now go through their day to day duties without undue worry of losing their military kit. Abacus military kit is designed with a global focus. This means that it covers your military kit, even should it get damaged or lost while on foreign duty. And the Abacus military kit insurance goes beyond the kit itself, to include cover for your military living accomodation, should it get accidentally damaged. Through the Abacus military kit insurance, you have various coverage options, including the ‘all risks’ options, which can make the loss of your military insurance kit totally painless.