Australian soldiers told to get their own Life Insurance
Australian soldiers awaiting deployment to Afghanistan have been issued a letter from defence, advising of the need for “appropriate insurance”, the letter included a brochure from AIG offer cover costing up to $100 a month.
The defence force has been suggesting troops get extra insurance since 2007, but many Australian insurers were obviously not so interested in offer cover for high risk occupations.
Under legislation introduced in 2004, compensation for a partner of soldier killed in the line of duty was increased to a death benefit of up to $118,362 plus a widows pension for life or an aged-based lump sum of up to $507,967.
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