Wednesday, January 6, 2010

Do Life Insurance Policies Cover Accidents?

Do life insurance policies cover accidents or only those policies that have an Accidental Death and Dismemberment rider?

Life insurance policies do cover accidents. If you own a life insurance policy and you die as a result of an accident, your life insurance policy would pay out the proceeds to your beneficiary.

The accidental death clause (an additional rider/ endorsement to the policy) in a life insurance policy is a benefit in addition to the death benefit paid to the beneficiary, should death occur due to an accident.

In double indemnity, twice the face value of the life insurance policy is paid to the beneficiary if death occurs as a result of an accident.

Accidental death caused by war, aviation, except as a passenger on a regularly scheduled airline, and illegal activities is generally excluded from this coverage.

Here's how you can request your free term life insurance quotes online and compare prices for life insurance coverage including an accidental death rider.

Or, you can learn more about accidental death insurance and how that type of life insurance policy works.

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