bmo accidental death insurance
You need coverage quickly. There is no waiting period or medical exam required to get coverage. This is an advantage if insurance protection is needed immediately.
The accidental death benefit policy does not require a medical exam. This makes it a good choice for people with serious health problems who are unable to qualify for other types or life insurance.
You require additional coverage for your family. ADB can provide you with much-needed protection, even if it's not your primary life insurance. A payout can be used to pay funeral and living expenses as well as other unexpected costs. An ADB rider can be added to an existing policy to provide additional coverage.
You need coverage quickly. There is no waiting period or medical exam required to get coverage. This is an advantage if insurance protection is needed immediately.
Additional to your basic term coverage, accidental loss and dismemberment insurance can be a low-cost option to cover unexpected events such as death, speech, hearing and sight loss, paralysis, or other losses.
AD&D insurance provides one option to help protect your family’s assets.
Unexpected events can strike anyone. ADB policies can help you and your family be financially prepared for unexpected expenses.
Affordable protection. Life insurance is cheaper than you think. This is especially true for accidental death. ADB plans cost less than traditional life insurance because they only cover for covered accidents.
Typically, accidental death covers exceptional circumstances, such as exposure to the elements, traffic accidents, homicide, falls, drowning, and accidents involving heavy equipment. AD&D insurance is supplemental life insurance and not an acceptable substitute for term life insurance.
Accidental death insurance
While accidents only accounted for 5.4% of deaths in the United States in 2016, they made up 30.2% of deaths for people between the ages of 25 to 44. This is why accidental death insurance typically isn't worth it if you're near retirement age or just need coverage for end-of-life expenses.
When accidental deaths occur, though, typical causes of accidental death or dismemberment claims are motor vehicle accidents, falls, poisoning, drowning, and gunshot injuries. Death by homicide is also considered an accidental death. But not every death resulting from such causes would be considered accidental.