Why Accidental Death Insurance

Do you really need Accidental Death Insurance?

While accidental death insurance would not benefit the person who has died or kicked the bucket, it will certainly be of much use to those left behind, more specifically, your next of kin or other family members.

While nobody likes to think of their own death, (especially if there aren’t going to be 70 virgins involved!), accidents do happen, and some of them can turn out to be fatal. Taking out an accidental death insurance policy is a smart way to safeguard the future of one’s family in the event of something as unfortunate as your death occurs.

An accidental death insurance can provide you with peace of mind, knowing your family will be taken care of financially in the case of your untimely death. Furthermore, accidental death and dismemberment insurance can also be extremely beneficial in case you receive a serious injury, which results to a loss of limb.

Accidental Death Insurance Should Be Taken Seriously

According to the CDCP (Center for Disease Control and Prevention) accidents amount to around 130,000 deaths in the United States alone. In fact, according to the data, accidents are the fourth leading cause of death in the US. For anybody, these are incredible numbers when one realizes that so many people lost their lives simply because of an unfortunate accident. Accidents can occur anytime, which is all the more reason for you to be prepared for any unforeseen even that is out of your control.

With such a high chance of accidents, signing up for accidental death insurance makes perfect sense. An accidental death insurance policy is not normally included in a basic life insurance policy, so if someone signs up for an accidental death insurance policy on top of their existing life insurance policy, if they pass away as a result of an accident or lose a limp such as an arm or a leg, the beneficiary of the AD&D insurance policy, as in, the person who is to be paid the proceeds is entitled to receive almost twice the face value of their initial insurance policy, especially if they signed up for a high limit accident insurance. That is, if the policy holder expires within 90 days of meeting with an accident.

Accidental Death Insurance Does Not Cost an Arm or a Leg

It is a cheap way of looking after your future, or that of your loved ones. AD&D insurance pays you or the beneficiaries a set amount of money if your death or dismemberment is the direct result of an accident, regardless of the type of accident, and the best part is, the accident insurance does not cost you an arm or a leg, unless of course, you lose an arm or leg, in which case you will be paid a substantial amount that’s been pre set by the insurance agreement. So, it’s a win-win situation from every angle!

What about Dismemberment?

Another thought you would rather not think of. But, it’s better to be safe than sorry! Right?

Accidental death and dismemberment insurance is offered on a ‘pre-member’ basis. In other words, if you lose a single member such as a foot or limb, or one eye, or your speech or hearing, the insurance company will pay you 50% of the total benefit. On the other hand, if you lose two members, as in, both your arms or legs, or both your eyes, then you will receive the whole amount of the accidental death and dismemberment insurance. The coverage of certain conditions such as paralysis varies according to the insurance company so it’s best to read the fine print before signing on the dotted line.

At Atlas Underwriters we offer you instant online quote for Accidental Death Insurance, Get covered today !

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