Accidental Death Insurance

Accidental death insurance

Accidental death insurance

Accidental Death Insurance
An accidental death insurance policy provides coverage in the event you, the insured dies as a result of an accident. Some of the covered accidents include motor vehicle, drowning, unintentional falls, fire, forces of nature, electrocution, heavy equipment, homicide, and even war & terrorism.  And what most people are not aware of is that these policies will pay benefits in addition to any other existing life insurance. So if you die in a car accident, plane crash, or any unforeseen event, your beneficiary (s) will receive any life insurance proceeds, as well as the benefit of your accidental death insurance policy.

Unlike traditional life insurance, where acceptance is really dependent on your medical history and health status; accidental death insurance does not require any medical exams. Qualification is mainly based on current occupation and annual income. So persons with pre-existing medical conditions can apply for accidental death coverage. What may be surprising is that an accidental death insurance policy is relatively inexpensive. Premiums can be less than $70 a month for a $1 Million policy.

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