Accidental Death Insurance

Other Types of Life Insurance

Accidental Death Insurance

This type of insurance can be a stand -alone option but frequently is added to an existing life policy.

It is also known by its other name “Double Indemnity coverage” it covers only accident related deaths, whereas regular life insurance which covers all causes of death. As example, if you had a life policy with a face amount of $100,000 death benefit, plus an additional $100,000 accident death benefit rider, if you die from regular illness they will pay $100,000. But if your death is caused by accident, they will pay $200,000!

Note, if you need $200,000 then be sure to get that amount in coverage, rather hoping to get that amount by accident.

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