Accidental death insurance can provide benefits from $37500 to $200,000 in the event of an accident. In some cases, $1 million may be available as a result of the accident proceeds. If the insured is a frequent traveler on a commercial airline's main route, this could be an example.
An accident at work, or anywhere else, can cause permanent financial damage to your family. Protect your family against the unforeseeable with accidental death and dismemberment insurance.
Affordable protection. Life insurance is cheaper than you think. This is especially true for accidental death. ADB plans cost less than traditional life insurance because they only cover for covered accidents.
You may find yourself in dangerous situations as a result of your new job. You are unable to wait for approval if you want more life insurance.
Family members and loved ones may require financial assistance in the event of an accident death. This product is only available if you die from an accident covered by the policy terms. To be covered, you don't need to undergo a medical exam.
An accidental death insurance policy may be affordable but it doesn't provide as much protection as a standard life insurance policy. This type of policy is typically used to provide supplemental benefits and not standalone coverage for life insurance.
You are now working in potentially dangerous areas. You would like additional life insurance, but you don't have the time or patience for a lengthy approval process.
Typically, accidental death covers exceptional circumstances, such as exposure to the elements, traffic accidents, homicide, falls, drowning, and accidents involving heavy equipment. AD&D insurance is supplemental life insurance and not an acceptable substitute for term life insurance.
Accidental death insurance
While accidents only accounted for 5.4% of deaths in the United States in 2016, they made up 30.2% of deaths for people between the ages of 25 to 44. This is why accidental death insurance typically isn't worth it if you're near retirement age or just need coverage for end-of-life expenses.
When accidental deaths occur, though, typical causes of accidental death or dismemberment claims are motor vehicle accidents, falls, poisoning, drowning, and gunshot injuries. Death by homicide is also considered an accidental death. But not every death resulting from such causes would be considered accidental.