Tag: Accidental Death Insurance

 

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.

WHAT IS ACCIDENT INSURANCE?

Why AD&D Coverage? WHAT IS ACCIDENT INSURANCE? Accidental Death: Pays the Principal Sum Benefit to the designated beneficiary in the event of death due to accidental bodily injury, or exposure to weather as a result of an accident or disappearance or the sinking of a conveyance on which the insured was a passenger and the body is not found within 365 days of the accident. Dismemberment: Includes the loss of use of both hands or feet, or one hand and one foot, or the loss of sight of both eyes. The Principal Sum Benefit is paid for these losses. One half the Principal Sum amount will be paid in the event of the loss of sight of one eye, the loss of use of one hand or one foot, the hearing of both ears or the ability to speak. Accidental Death and Dismemberment & Sudden Cardiac Arrest: SCA is available as an additional coverage to our 24hour 7day Accidental Death (AD) Insurance plan or our Common Carrier Accidental Death (AD) only plan. This coverage pays the full benefit amount if insured person dies within 72 hours of a sudden cardiac arrest after an accident.  

HIGH LIMIT ACCIDENT INSURANCE

AD&D coverage HIGH LIMIT ACCIDENT INSURANCE Atlas Underwriters is proud to launch its High limit Accident Insurance for the Latin American Market. You will be able to get an online AD&D quote and purchase coverage limits of up to US$50 Million. Get automatic approval by completing our online application with no medical exam required. Our high limit accident plan covers you in the event of death by accident. Additional coverage riders can be purchased such as
  • Accidental Dismemberment
  • Sudden Cardiac Arrest
  • Hazardous Sports
  • Warzone coverage
Atlas Underwriters High Limit Accident Insurance plan is underwritten by certain underwriters at Lloyds of London.