What is Accidental Death Insurance, and Why Should I Consider Purchasing it?

Accidental death insurance is a type of insurance policy that provides financial protection in the event of an accidental death or certain types of serious injuries. It pays out a minimum of $100,000 to your designated beneficiaries if you die or suffer specific injuries due to an accident.

Here are some reasons why you might consider adding an accidental death policy to your insurance portfolio:

• You get 100% of your premium back at the end of the 20 years if you have not made a claim.

• Guaranteed coverage, with no medical exam, as long as your premiums are paid on time.

• Accidental death insurance specifically covers accidents, which means it can provide an additional layer of protection beyond other types of life insurance policies. It can offer financial support to your loved ones in case your death is caused by an accident.

• The cost of the policy is about $30 a month, that will never change over the 20 year life of the policy, but the benefits paid to your loved ones increase every year. This affordability can make it an attractive option, especially for individuals who may not qualify for or afford higher-cost life insurance due to health issues or other factors.

• Accidental death insurance can supplement your existing life insurance coverage. While life insurance typically covers death from all causes, accidental death insurance focuses specifically on accidents. By combining both types of coverage, you can enhance your financial protection.

• Purchasing accidental death insurance can provide peace of mind to individuals who participate in activities like extreme sports, hazardous occupations, or frequent travel. Knowing that there is an additional safety net in place can alleviate concerns and provide a sense of security.

It’s important to note that accidental death insurance only covers accidents and does not provide coverage for deaths resulting from illnesses, natural causes, or suicide and does not provide coverage for deaths resulting from illnesses, natural causes, or suicide.

Policy terms and conditions can vary, so we recommend that you thoroughly review the policy with your agent before making a purchase.