Jasz
VIP Contributor
The accidental death benefit is a type of death benefit that is included in life insurance policies, which are typically issued in the form of whole life policies and universal life insurance. The payout owed to the beneficiary of an accidental death insurance policy, which is frequently a provision or a rider attached to a life insurance policy, is known as the accidental death benefit. The accidental death benefit is typically paid in addition to the regular benefit that would be given if the insured had passed away from a natural cause.
Accidental Death Benefits vs. Regular Death Benefits
Accidental death benefits are often referred to as “add-ons” or “accidental riders” because they are attached to existing policies rather than being purchased as an additional product on their own. Accidental riders vary widely in size and scope according to each individual policy.
Accidental Death Benefits vs. Regular Death Benefits
Accidental death benefits are often referred to as “add-ons” or “accidental riders” because they are attached to existing policies rather than being purchased as an additional product on their own. Accidental riders vary widely in size and scope according to each individual policy.