What financial protection should I be thinking about as I leave the military?

As a Veteran (or someone looking to transition out of the military in the near future) there are a number of things to think about when leaving. Where to live and what to do next career-wise are certainly at the top of that list, but how about your insurance? Make time to think about what protection would be needed during this change of path, especially without access to armed forces compensation schemes.

Here’s some of the insurance products available from Trinity that suit that needs of Veterans whatever stage of life:

  • Life Insurance – having protection in place for your loved ones should the worst happen should be considered. In the unfortunate event that you are no longer around to support your loved ones financially, this protection gives peace of mind and allows cover for a set amount such as a remaining mortgage. There is also the option to add additional cover for serious or critical illness.
  • Personal Accident Insurance – have you ever thought about how you would manage if you had injuries as a result of an accident? It’s not something that anyone likes to think about but Trinity’s personal accident insurance gives peace of mind should the unexpected happen. Personal Accident isn’t just for military injuries, it’s for sports injuries or work-related accidents that unfortunately do happen.
  • Small Business Insurance – We have teamed up with Ripe Small Business, a leading insurance provider offering veterans or partners of serving personnel, the small business insurance they need. There are apparently 350,000 small enterprises in the UK run by Veterans. Have you got the right insurance in place for the business you are planning or have set up?
  • Excess Protection Insurance – Having an excess protection policy could save you money. As a general rule if an excess payment is quite low then the price of your insurance policy is likely to be high. Increasing the excess could help bring that overall insurance premium down, allowing you to cover that higher excess amount through this insurance.

Trinity is proud to now be serving the veterans community. You can find these products and more on our dedicated Veterans page.

Written by Trinity Insurance