Update August 28 - 2010 All About " Accidental Life Insurance" By Insurance Experts

Accident life insurance also known as "accidental death" insurance, or "accidental death and dismemberment" insurance (which is partly also health/disability insurance), it is types of life and health insurances coverage in case of the insured suddenly death or injure caused by accident.

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What's the Difference Between Life Insurance and Accidental Death and Dismemberment?
By Marilyn Katz

Accidental Death vs. Life Insurance Poicies
When I actively sold life insurance, I would quote rates for traditional whole life or term policies. Many potential clients would show me a much cheaper policy they already had and tell me my rates were too high. Most of the times the premium was so cheap I could hardly beleive it. After I got more experienced, I started to catch on to the product these people really had.
What these people actually had were accidental death and dismemberment policies, and not term or whole life policies. This alarmed me a little. It made my job a little more complicated. I was also concerned because, somehow, these people paid money for policies, but they had no idea what they had actually purchased.
What's the difference between an accident policy and a life insurance policy? Well, as the name implies, an accident only policy only will pay out in the case of an accident, and not an illness. Since the insurer calculates a lower rate of accidental deaths, it can offer lower premiums. An accident is not an illness or natural causes. It is an accident.
You must read the policy terms, or get a quaified agent to help you. But an accident would be commonly associated with a motor vehicle crash, fire, or something along those unpleasant lines. While these misfortunes happen, most people do not die from causes like this. The dismemberment portion of one of these AD&D policies may also cover the insured person against the loss of a limb or.an eye. Again, please study your policy for details.
Life Insurance With Accidental Death Clauses
In fact, many popular life policies will actually offer increased benefits in case of accidental death. This may be included as an AD&D rider that is built into the final premium. They do not do this because this cause of death is common. They do it because it is more rare. It is an extra benefit or selling point that does not add a lot to the cost. It may be much cheaper to get accidental coverage as part of a regular life insurance policy.
A commonl life policy will cover the insured person against any cause of death,. These causes would include illness. Illnesses are not considered an accident.
Many policies do protect the company with a suicide clause. A suicide clause means that the policy will not pay the death benefit for suicide until a waiting period has passed. A typical waiting period, in my state, would be two years. This may sound grim, but you would be surprised how many people ask about it. Also, please do not depend upon a suicide being considered an accident.
Accidental Dismemberment
Now some life policies may include coverage for the lost of limbs or blindness, butt that is not automatic either.
What Did You Buy?
If you are not sure what type of policy you have, it may be time to look at the fine print. Make sure you are purchasing the right policy to help protect your family. Also make sure you are not buying something that will not provide you with the benefits you think you have. You can do more research on your own or consult a qualified insurance professional in your own local area.
Stay Safe!
Shopping For Life Insurance?Let us find you the best term life insruance deal with our quote comparison forms.
If you are not sure what you need, let us explain kinds of life insurance to you!

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Article Source: http://EzineArticles.com/?expert=Marilyn_Katz

Update August 13 - 2010 All About " Accidental Life Insurance" By Insurance Experts

Accident life insurance also known as "accidental death" insurance, or "accidental death and dismemberment" insurance (which is partly also health/disability insurance), it is types of life and health insurances coverage in case of the insured suddenly death or injure caused by accident.

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What is Accident Life Insurance?
By Don Lewis

What is accident life insurance, you ask? Accident life insurance, sometimes called "accidental" life insurance, "accidental death" insurance, or "accidental death and dismemberment" insurance (which is partly also health/disability insurance) can be a rider on your current policy that has special conditions for paying out in the case of a sudden death caused by a totally unforeseeable accident. Typically, this payment is in addition to the face amount of the policy that would be paid out if the insured died of natural causes such as old age or an illness contracted after the policy was in force. This additional payment is typically 1.5x or 2x the death benefit on the main policy.

The insurance industry defines accidental death as "any death strictly due to accident." So, deaths due to war, deaths form illegal activities like dealing drugs and getting shot to death, or deaths that result from personal pursuits considered inherently dangerous like shark cage diving will not be covered. Airplane crashes, car accidents, and these days maybe even terrorist attacks would be covered.

Usually this rider also runs out after a certain age, typically age 70. However, often these riders will pay out if the insured dies for some time after the accident occurs--typically one year--as long as it can be proved that the death was directly instigated by the accident.

But accident life insurance can also be purchased on a very temporary basis if you're going on a trip. Especially with different vacation packages, you can find accident life insurance that you can buy as part of the entire price. You might be going scuba diving; you might be going on a ski trip; you might be going on a trans-oceanic flight or cruise; you might decide that you'd love to scope out wolves in Saskatchewan province; you might even be going on a two-week tour by car. If you haven't already got a life insurance policy with a rider, you can buy temporary accident insurance to cover your risks (and you might wish to purchase the temporary insurance anyway).

Sometimes these policies also cover you financially in the event of the accident-caused death of your spouse or a child on that same trip with you.

It can be wise to check into accident life insurance if you are going on a trip like those mentioned. But, if you already have a good amount of life insurance, you are likely not to need it. And as far as the accidental death rider--it doesn't serve any practical purpose, since life insurance is already about covering untimely deaths. Most policies already will pay out for accidental death, just not the extra amount. Usually, accidental death riders are only psychological comfort. They are very inexpensive because they don't usually pay out, but you're still paying extra money.

Are there Taxes On Life Insurance? Click here to find all the Life Insurance Advantages and Disadvantages

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Article Source: http://EzineArticles.com/?expert=Don_Lewis

Update July 26 - 2010 All About " Accidental Life Insurance" By Insurance Experts

Accident life insurance also known as "accidental death" insurance, or "accidental death and dismemberment" insurance (which is partly also health/disability insurance), it is types of life and health insurances coverage in case of the insured suddenly death or injure caused by accident.

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Life Insurance - Regular Vs Accident Insurance
By Amy Nutt

It can get pretty confusing when you're choosing a life insurance policy. There are so many options and extras and if you don't understand which to choose, it can be very confusing to select a policy. One of the most common questions that people come up with is simply to do with the differences between regular and accident life insurance, particularly because they seem to be the same at first glance. However, there are some differences that you should know about before you choose a life insurance policy.

Regular Life Insurance
What exactly is covered by regular life insurance varies by policy, so you will want to really check this out when you are talking to the insurance company. There are two main types of policies here, permanent and term. Term insurance will only cover you for a specific time period, usually a year to five years, after which time you will need to renew your insurance. Permanent gives you life-long coverage.

Both types usually cover both death and some medical costs if you are injured or ill. Again, it's important to read the fine print on this. You will need to choose someone to receive the payout should you die while your life insurance is active. Regular life insurance covers a variety of ways that you could pass, including sickness. However, there will be certain options that are ruled out. For example, most life insurance companies will not pay out if a death was ruled a suicide. Most regular policies will exclude certain accidental deaths, as well, which is why you will probably want to look into adding an accidental life insurance policy to your regular one.

Accidental Life Insurance
A lot of accidents happen in our lives and on occasion they can cost you a lot of money. Accident insurance usually covers things like medical costs, hospital stays and will reimburse you for lost limbs, eyesight, etc. depending on the policy. Also, if you were to die due to an accident, this type of policy would give your beneficiary a payout. Not all regular insurance does this for accidents.

In cases where an accident leads to death at a later date, such as a car accident where the victim is in a coma for several weeks or months before dying, the policy will have a specific time limit. Many give you 3 months, so if the victim dies four months after the accident, due to related injuries, no payout will be given.

Why Choose Accident Insurance
For most people, adding accident insurance to their regular policy just makes sense. It means you are covered no matter what happens and since a large number of deaths and major injuries are caused by accident and not necessarily disease, it makes sense to insure yourself. Having that safety net can be invaluable should something happen and you lose your sight due to an accident, something that regular life insurance wouldn't touch, but accident insurance would offer a payout for.

Insurance is a big deal. You want to be sure you get the right coverage and that you aren't going to regret not opting for the extras later on. Do your research, read the contracts completely before signing and talk to the insurance broker about your options. Make sure you understand everything that is covered and what is not by your specific policy. Sometimes you can customize your policy to create the best possible insurance for you personally, so talk to your agent about this possibility. Life insurance is important and needs to be taken seriously.

Full service insurance brokerage offers corporate and personal solutions. When looking for the best protection and information on Home Insurance Ajax, Car insurance, Health insurance, Commercial Insurance, Life Insurance options.

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Update July 09 - 2010 All About " Accidental Life Insurance" By Insurance Experts

Accident life insurance also known as "accidental death" insurance, or "accidental death and dismemberment" insurance (which is partly also health/disability insurance), it is types of life and health insurances coverage in case of the insured suddenly death or injure caused by accident.

Recommended Program
Insiders Tips For Reducing Spending
Money Saving Tips And Ideas Covers
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What's the Difference Between Life Insurance and Accidental Death and Dismemberment?

By Marilyn Katz

Accidental Death vs. Life Insurance Poicies

When I actively sold life insurance, I would quote rates for traditional whole life or term policies. Many potential clients would show me a much cheaper policy they already had and tell me my rates were too high. Most of the times the premium was so cheap I could hardly beleive it. After I got more experienced, I started to catch on to the product these people really had.

What these people actually had were accidental death and dismemberment policies, and not term or whole life policies. This alarmed me a little. It made my job a little more complicated. I was also concerned because, somehow, these people paid money for policies, but they had no idea what they had actually purchased.

What's the difference between an accident policy and a life insurance policy? Well, as the name implies, an accident only policy only will pay out in the case of an accident, and not an illness. Since the insurer calculates a lower rate of accidental deaths, it can offer lower premiums. An accident is not an illness or natural causes. It is an accident.

You must read the policy terms, or get a quaified agent to help you. But an accident would be commonly associated with a motor vehicle crash, fire, or something along those unpleasant lines. While these misfortunes happen, most people do not die from causes like this. The dismemberment portion of one of these AD&D policies may also cover the insured person against the loss of a limb or.an eye. Again, please study your policy for details.

Life Insurance With Accidental Death Clauses

In fact, many popular life policies will actually offer increased benefits in case of accidental death. This may be included as an AD&D rider that is built into the final premium. They do not do this because this cause of death is common. They do it because it is more rare. It is an extra benefit or selling point that does not add a lot to the cost. It may be much cheaper to get accidental coverage as part of a regular life insurance policy.

A commonl life policy will cover the insured person against any cause of death,. These causes would include illness. Illnesses are not considered an accident.

Many policies do protect the company with a suicide clause. A suicide clause means that the policy will not pay the death benefit for suicide until a waiting period has passed. A typical waiting period, in my state, would be two years. This may sound grim, but you would be surprised how many people ask about it. Also, please do not depend upon a suicide being considered an accident.

Accidental Dismemberment

Now some life policies may include coverage for the lost of limbs or blindness, butt that is not automatic either.

What Did You Buy?

If you are not sure what type of policy you have, it may be time to look at the fine print. Make sure you are purchasing the right policy to help protect your family. Also make sure you are not buying something that will not provide you with the benefits you think you have. You can do more research on your own or consult a qualified insurance professional in your own local area.

Stay Safe!

Shopping For Life Insurance?
Let us find you the best term life insruance deal with our quote comparison forms.

If you are not sure what you need, let us explain kinds of life insurance to you!

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Update June 19 - 2010 All About " Accidental Life Insurance" By Insurance Experts

Accident life insurance also known as "accidental death" insurance, or "accidental death and dismemberment" insurance (which is partly also health/disability insurance), it is types of life and health insurances coverage in case of the insured suddenly death or injure caused by accident.

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Double Indemnity in Insurance - An Overview

By Darrell Victor

Although life insurance, health insurance and personal accident policies are not contracts of indemnity (those that seek to compensate), they are based on the broad idea of financially compensating for loss or misfortune. It is on this broad concept of appropriate compensation that the idea of 'double indemnity' in life insurance is based.

'Double indemnity'- in simple terms- refers to the disbursement of twice the amount of the sum assured on your life insurance contract, in the event of death from an accident within a certain period. Known as the Accidental Death rider or 'double indemnity' rider, it is one of many 'optional supplementary benefits' that are offered on life insurance contracts.

Technically, merely having the Accidental Death benefit is not double indemnity. The concept arose from the value of the optional benefit being the same as the sum assured- leaving the beneficiary of the policy with twice the amount of the sum assured in the event of the insured's death by accident.

For example, assume that you have a life insurance contract with a sum assured of $500,000.00. When you apply for the life policy, you choose to have the Accidental Death benefit of $500,000.00 for a marginally higher premium. If your death does not occur by accident, but the other terms of the life insurance contract are met, your estate will only receive the sum assured ($500,000.00).

However, if your death is caused by accident (with all necessary conditions being satisfied) then your estate would receive $1,000,000.00. That's the basis of double indemnity with a life insurance contract. The Accidental Death benefit's sum insured does not have to be the same value as the sum assured. It may be a multiple of the sum assured of the life insurance contract.

There are certain exclusionary causes and clauses stipulated by an insurer. It is not merely enough for death to be 'accidental'. Typically, if the insured is deemed to be responsible for circumstances leading to the accident (drug use or reckless behaviour), the Accidental Death claim would not be honoured. Instead, the insurer may only be liable for the sum assured.

The Accidental Death benefit does not usually remain for the duration of the insured's lifetime. Insurers consider that accidents are likelier to occur when the faculties are not intact. This optional supplementary benefit typically expires by age 65 or 70, depending on the type of life insurance.

'Double indemnity' is a very useful additional benefit that could double the compensation for far less than twice the premium. However, that is only because it is a sum insured and the insurer is not assured to pay. Those with higher occupational risk may find that the Accidental Death benefit is necessary to provide additional comfort to the family.

And now, you can read more articles from this author at http://www.helium.com/user/show_articles/338815

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Update May 28 - 2010 All About " Accidental Life Insurance" By Insurance Experts

Accident life insurance also known as "accidental death" insurance, or "accidental death and dismemberment" insurance (which is partly also health/disability insurance), it is types of life and health insurances coverage in case of the insured suddenly death or injure caused by accident.

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Basics of Accidental Death and Dismemberment Policies

By Darrell Victor

Optional supplementary benefits add tremendous value to life policies. The most common additional benefit offered with those is the Accidental Death and Dismemberment (AD&D) rider. This rider embodies two factions:

1) Accidental Death

2) Dismemberment

The Accidental Death (AD) rider

For a minimal additional premium payment, the insurer would pay an additional amount (up to twice the sum assured) to the estate of the insured. The provision here is that the death of the insured must be accidental. Accidental death is defined as death caused by accidental bodily injury. It would not include death by suicide and exclusions would occur if the death was caused by dangerous activities not disclosed on the application.

Dismemberment

This covers permanent disability that results from accidental bodily injury as well. Self-inflicted loss of limbs or sight is typically excluded from this benefit. The insurer will define in the permanent disability covered in the policy document. The insurer would usually pay a percentage of the sum assured depending on the severity of the dismemberment and according to the scale of benefits. It is important to fully understand the terms of dismemberment since those are explicitly stated and legally binding. In one case, there is an insurer that only provides compensation if hands or feet are completely severed or if eyesight is completely lost.

Generally, AD&D contains a clause that states that the insurer will not be liable for both accidental death benefits and dismemberment benefits where losses occur in the same accident. A dismemberment claim would usually discontinue the rider once the claim is settled subject to the insurer's discretion.

In some cases, the AD&D rider is offered alongside an AD rider. The easy choice would be the AD&D rider, since this is more comprehensive and it not usually much more expensive. Accidental death and dismemberment riders are also available on term insurance plans. These riders are important in insuring against disability.

Other life insurance provisions that cover disability include: waiver of charges (or premium), disability income benefit and the critical illness benefit. In cases where the critical illness benefit includes dismemberment provisions, it is unnecessary to take the AD&D rider. Such cases would require the accidental death rider alone. This provision enhances the value of life and health insurance tremendously. With life insurance, it might also be useful to utilize the income disability option in addition to this optional supplementary benefit. This is why some financial planners regard a good life insurance policy as a complete investment.

And now, you can read more articles from this author at http://www.helium.com/user/show_articles/338815.

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Update May 10 - 2010 All About " Accidental Life Insurance" By Insurance Experts

Accident life insurance also known as "accidental death" insurance, or "accidental death and dismemberment" insurance (which is partly also health/disability insurance), it is types of life and health insurances coverage in case of the insured suddenly death or injure caused by accident.

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Accidental Death Insurance For "High Risk" Or "Uninsurable" Consumers

By Denise M

Is your health or a lifestyle-related habit coming in the way of obtaining a satisfactory life insurance policy? If you have been turned down by a life insurance carrier, or offered very high premiums because you are either uninsurable for any reason or considered as high risk, you could see a way out with accidental death insurance.

What is accidental death insurance?

Commonly called as an accidental death and dismemberment (AD&D) policy, accidental death insurance is a type of life insurance policy. If you are involved in a fatal accident, this type of policy will offer protection for your family. In addition, if an accident renders you disabled or with the loss of your limbs, you can collect a lump sum from an AD&D policy, to make up for your lost income if you can't go back to work after the accident.

What does accidental death insurance cover?

If an accident is identified as the cause of your death or injury, your AD&D policy will pay out. AD&D insurance doesn't cover health-related deaths, drug overdoses or suicides. Usually, AD&D insurers have restrictions on the types of accidents that are covered.

Why opt for accidental death insurance?

• Accidental death insurance can be obtained at a fraction of the cost of term insurance. A $10 - $15 premium can cover you for a $50,000 benefit.
• White it is not guaranteed that you will die in an accident, consider these statistics. Accidents (unintentional injuries) are the fifth leading cause of death in the United States, according to the Centers for Disease Control and Prevention. If you are under 45 years of age, the statistics are higher, and you are twice as likely to die in an accident, than from a natural cause. In 2006 (when the last survey was recorded) 121,599 people in the United States succumbed to unintentional injuries.
• The average American can qualify for up to $500,000 in AD&D coverage. If you can't qualify for term life, this is a great alternative.
• Since AD&D covers you only if you die from an accident, you don't need a medical exam to prove your insurability. In other words, anyone can qualify.

Where can you buy accidental death insurance?

Most life insurance carriers offer AD&D insurance too. However, to get the best deals, you could buy online from an online insurance quote provider. Since they deal with hundreds of life insurance carriers, they are able to offer you the best rates.

If you are denied life insurance, then AD&D insurance is a good way to get some insurance. The low premiums that AD&D insurance commands will work towards easing your family's financial burden if you died in an accident.

For more information about AD&D insurance, log on to a reputable life insurance quote provider website where you can weigh your options and receive free life insurance quotes from the best term insurance companies.

Buying online will also help you compare quotes and compare the financial standing of insurance companies, so that you can make a quick, well-informed decision. At the end of the day, it is always better to have some insurance, than none at all.

About AccuQuote:
AccuQuote is a leader in providing term insurance quotes to people across the United States. In 1986 it began operating with a single goal: to make the process of buying term life insurance as easy as possible for its customers. Their experienced professionals consistently deliver the most affordable term life insurance rates by comparing thousands of life insurance policies from dozens of top-rated carriers.