Accidental insurance (also known as accidental death and destruction) pays a benefit when an insured is killed in an accident or is seriously injured, so that they can no longer use their bodily organs. This policy is usually more affordable than other types. It pays only if these types of events occur.
You've been turned down to term life. Your eligibility for term or other insurance plans may be affected by certain medical conditions, such as diabetes or a past history of cancer. You may not be eligible if you work in high-risk positions, such a pilot or as a construction worker. Unintentional death is not a concern.
Accidental death insurance is the same as life insurance. Your beneficiary will get a payout if your body dies. The policy pays a death benefit only if you are killed in an accident covered by the policy. This means that accidental death insurance can be purchased at a substantially lower price than traditional life insurance policies.
If you die unexpectedly, your loved ones or family might need immediate financial assistance. This is a unique standalone product designed to pay only if your death occurs due to a covered incident, as specified in the policy terms. No medical exam is required.
You can have a devastating impact on your family's finances if you are injured at work or in another place. With accidental death and destruction (AD&D) insurance, you can protect your family against the unexpected.
AD&D insurance is one way to help protect your family’s finances.
Accidental death insurance covers financial support for your family members if you are killed in an accident. You can apply for it from 18 to 70 years old. Because this insurance is guaranteed protection, no one will refuse you if you are over 65.
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.