Instant Life Insurance Quote

What Is Accidental Death Benefit Life Insurance

Life insurance is an excellent safety net that you can buy for your loved ones. Nobody wants to think about something tragic happening, but you never know what’s going to happen tomorrow. If you were to pass away, your loved ones could be left with a mountain of debt and other final expenses.

When you’re looking to get life insurance coverage, it can be a confusing process. There are dozens of different factors to consider and various kinds of plans. It’s important that you have the insurance coverage that your family will need.

With a fatal accident happening every four minutes insurance companies have created the accidental death benefit life insurance rider and policy. In this blog post I’ll explain what I mean by “rider” and by “policy”, and provide information on accidental death benefit life insurance.

What Does Accidental Death Benefit Cover?

accidental death life insuranceHaving an accidental death benefit covers you in the event that you die as a result of an accident. For example, a death resulting from a plane crash, a bus accident, or a car accident would all be considered accidental. Or for example if you were crossing the street and you got hit by a car, or perhaps you fall off a ladder at home or at work, which results in death – both examples would also be considered accidental death. While policies and companies may differ, typically if you die within 90 days of the accident, the death would be considered due to the accident and the insurance claim would be paid. If you are searching for other types of insurance such as Life Insurance quotes over 50, we have information for you as well.

Accidental Death Benefit Rider vs. Policy

If you have a traditional life insurance policy, you are covered if you die due to disease or due to an accident. Most policies allow you to get an accidental death benefit rider, which for example would double your coverage if your death was caused by an accident. For example a life insurance policy with a death benefit of $250,000 would result in a $500,000 death benefit if the cause of death was accidental and if you had the rider on the policy.

You can also purchase a life insurance policy that is strictly an accidental death benefit life insurance policy. This type of policy would only cover you if the cause of your death was accidental, and are considerably cheaper than regular policies that cover you for both illness and accident.

Why Purchase an Accidental Death Benefit Policy?

There are several reasons why someone would buy an accidental death benefit policy.

Declined for a Traditional Policy?

If you have been declined for a traditional life insurance policy you can still qualify for an accidental policy. Accidental death benefit policies are “instant issue”. That means there are no health questions, and you can get a policy right away.

It’s important that everyone has the insurance coverage that your family needs. If you’ve been turned down for life insurance protection in the past, one of these accidental death plans could be one option to buy the safety net for your family. Regardless of your health or past experiences with life insurance, there are several options for coverage.

Need Coverage Right Away?

Recently, I got a call from a woman who was concerned that her husband was flying overseas on a business trip and was concerned what would happen in the event of a plane crash. Rather than getting a traditional policy that might take a month to get, the couple opted to get an accidental death benefit policy which I was able to get them over the phone in about 15 minutes.

How Much Does it Cost?

An accidental death policy is significantly cheaper than a traditional life insurance policy. The reason for this is that while a traditional policy covers you for death due to illness or accident, an accidental policy only covers you if you die due to an accident. If you are getting a traditional policy, you can typically add a rider for accidental death that would increase your death benefit if you died due to an accident.

These plans can be a great way to get additional coverage, but you shouldn’t rely on these plans alone. If you were to pass away because of some other reason other than an accident, then you won’t get a payout from the plan. It’s important that you family has the protection that they need, regardless of what happens to you.

Other Options

If you’re looking to get an accidental death benefit life insurance plan because you’ve been declined for a traditional plan, don’t assume that this is your only option. There are several options that you can choose from. One choice is to buy a no medical exam life insurance plan.

These no medical exam plans will allow you to buy life insurance coverage without being required to take a medical exam. A no exam plan can be a great way to get insurance coverage for anyone that’s been declined in the past. Your health should not keep you from getting a quality life insurance plan.

There are dozens of companies that specialize in working with high-risk applicants that have pre-existing conditions or health complications. These companies have more experience working with high-risk applicants and they are going to give you much better rates for your insurance coverage. Because there are so many different aaa life insurance companies on the market, it’s important that you find the best company for your coverage.

Additionally, there are also guaranteed issued life insurance plans, which as you can guess, anyone can buy one of these plans, regardless of health or any pre-existing conditions. These plans are only going to look at your age and ask two or three medical questions. After that, they are going to approve your coverage.

Getting Affordable Life Insurance

One of the most company reasons that people don’t buy life insurance coverage is because they assume that a plan is going to be too expensive. In most cases, this couldn’t be further from the truth. Life insurance can be an affordable purchase for the future of your family members. There are several changes that you can make to ensure that you’re getting the lowest premiums available.

The first thing that you should do is eliminate any tobacco that you currently use. If you use tobacco, you’re at a much great risk for several health complications, which means that you’re going to be a higher risk to the insurance company. If you want to get affordable insurance coverage, the best way to do that is to kick the bad habit once and for all. Smokers are going to pay twice as much for insurance coverage, which can cost you hundreds of extra dollars.

The next thing that you should do start getting regular exercise and stick to a healthy diet. Both of these are a great way to improve your overall health. It can help you lose weight, lower your cholesterol, lower your blood pressure, and reduce your risk of being diagnosed with health complications. Lacing up your running shoes is a great way to lower your life insurance premiums.

Working With An Independent Insurance Agent

The best way to ensure that you’re getting the lowest insurance premiums is to work with an independent insurance broker. Unlike a traditional insurance agent, independent agents work with dozens of highly rated companies across the nation, which means that they can bring all of the lowest premiums directly to you.

Our independent insurance agents have years of experience working with various kinds of applicants. We can help find the best life insurance coverage for you, either accidental death benefit or a traditional life insurance policy. We know that finding the best life insurance coverage can be a long and difficult process, but it doesn’t have to be.

Life insurance is one of the best investments that you’ll ever make for the future of your family. Because there are so many different options and additional riders, there are countless options, which can be overwhelming. Luckily, our agents are here to help walk you through the process and connect you with the best plan to meet your needs.

If something tragic were to happen to you, and you didn’t have life insurance coverage, your family could be left with a massive mountain of debt, which would make the situation a thousand times worse.

At ChooseTerm we work with individuals to help them find the best policy for them.

The following two tabs change content below.

Liran Hirschkorn

Liran Hirschkorn is the founder of His mission is to help individuals across the country in finding the best rates on life insurance as well as helping individuals with high risk life insurance.

Latest posts by Liran Hirschkorn (see all)

Leave a reply

CommentLuv badge

Instant Life Insurance Quote

"Quickly finding you the best rates from one of the most robust carrier portfolios around!"