All About Accidental Life Insurance: August 2009

Sunday, August 16, 2009

Update August 16, 2009 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.

Nearly any company that offers accidental death insurance includes dismemberment as a covered event. This fact in itself is a clue to the difference between this type of coverage and the various life insurance policies that are commonly available. The key issue of accidental death and dismemberment, or AD&D, is the unexpected event which causes the unhappy circumstances to occur.

While life insurance policies do in fact make allowances for accidental death, it is a wholly separate term within the policy and may even increase the cost of the premium to include it in the policy. Unexpected catastrophe is the very core of an AD&D policy, and as such the policy will have specific coverage with terms which focus solely on this aspect.

Whether or not one chooses to purchase an AD&D policy along with their standing life insurance coverage, the fact remains that they are indeed separate issues and are therefore exclusive vis-à-vis terms of policy. It would be advisable to investigate thoroughly before any decision is reached.

The chances of accidental death may be greater than is first assumed. Those persons under the age of 40 to 45 years old have a greater chance of dying with this insurance than of succumbing to heart disease or cancer. This applies to both men and women alike. Quite a surprising revelation with all of the focus on cancer and disease issues these days.

Due to the specificity of the payout structure with this insurance, it is commonly offered as a special rider in many employee health insurance plans, or as an addendum to an existing life insurance policy. In both instances, the premiums for coverage are over and above the policy premium itself. Rates differ in both of these instances, and should be researched before you make the final decision.

Visit us to get more information on topics like accidental death insurance and life cover

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

Accidental Death Insurance - An Introduction
By Luke Duncan

In the movie entitled "With Honors," Brendan Fraser and Joe Pesci had a conversation about life. It was argued by Joe Pesci that life has no guarantees. In short, anything can happen. This is probably the motto of car insurance companies considering the nature of their business. Insurance thrives through the risk and fear of accidents and death. Many people acquire insurance contracts in order to be protected from any risk that they may encounter in their everyday lives. An insurance contract ensures that a person and his loved ones are secured from possible loss of life and death. It earns profit in exchange for the security that it provides to its customers. This is the reason why insurance is sometimes called as a risk-transferring device.

An accidental death insurance is a kind of insurance contract where an insurance company insures a person for any accident that may cause death. This type of contract works by paying the beneficiaries of the insured, usually his or her relatives and family, in case of death on the part of the insured. The cause of the death must be within the coverage of the insurance contract. Otherwise, there will be no indemnity given to the beneficiaries.

An accidental health insurance is highly advisable to be taken by persons who are involved in high-risk jobs or those who will go to dangerous places. Construction workers, soldiers, and acrobats are usually the people who can be secured the most with this type of insurance. Meanwhile, people such as businessmen or pilots who go to different countries where security is not that good and there is a great threat to their lives, can also be secured by this type of insurance.

A good type of accidental health insurance is an insurance that has a low premium but comprehensive coverage and high indemnity. Usually, a premium is set based on the risk involved, the coverage of the insurance policy, and the amount of indemnity in case of death of the insured. By taking into consideration this fact, you will be able to maximize the amount of money that you will spend for the insurance contract.

If you are interested in Accidental Death Insurance or if you want to know more about Pet Insurance read the authors other articles.

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

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Tuesday, August 4, 2009

All About Accidental Life Insurance By Insurance Experts

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Accidental Death Insurance - Take Care of Your Beloved Ones Even After You Leave
By Sturat Mitchel

Human beings cannot entirely exercise control over the happenings like accidental deaths but can surely control the future of our family or beloved ones if we meet an accidental death. That is through the accidental death insurance. As you would have already guessed from the name, accidental death insurance is made to get the insurance in case a person meets an accidental death or suffer serious injuries like the loss of limbs or blindness. In case of a death the insured money is paid to the beneficiary and in case of bodily injuries the insured gets a part of the sum. This insurance is only applicable to those deaths that have been caused by accidents, natural deaths due to various diseases and suicide deaths are not covered by these deaths.

Any UK resident who falls in the age group of 16-75 years is eligible for this insurance. The monthly premium that you will need to pay will depend on the insurance plan factors like period of insurance, the sum insured etc. Various insurance companies offer various insurance plans. In some plans along with the accidental insurance you also get the medical support like second opinion on any health problem and access to the medical support team.

Although the major purpose of accidental death insurance plan is to benefit the dependents after the sudden death of the insured still there are some conditions in accidental death benefit plan that needs to be read properly. Like the insurance will not be applicable if the person was driving with alcohol in blood which is more than the permissible limits under the law, was serving in the armed forces or was playing some adventure sports like paragliding, rock climbing, motor racing etc mentioned clearly in the insurance clauses. A person cannot claim benefits from more than one policy. Generally, the insurance is valid for a period of 12 months before it is up for renewal.

Sturat enjoys writing and sharing articles on topics like accidental death insurance and accidental death benefit plan.

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

Accidental Insurance Policies - What You Need to Know - Are You Covered?
By Fran Murray Platinum Quality Author

Accident Policies. Some policies cover only accidents and not illness. As you might suspect, policies like this are very specific about what is considered an accident. It is extremely important to understand what the insurance company defines as an accident.

Generally, an accident to the health insurance industry is considered as unforeseen and unintended. Remember, that when discussing accidents in any policy that includes an accidental provision, it is important to define what an accident is, not just accident specific policies.

Accident benefits are most commonly paid for...

• Accidental loss of life (also called accidental death)
• Accidental loss of limb or sight (dismemberment)
• Loss of time and/or income
• Hospital expenses
• Surgical expenses
• Medical expenses like visits to the doctor.

Let's expand a bit on dismemberment. As we said, this would be loss of limb or sight, however, different states have statutes that define dismemberment and they can vary from state to state. This is a subject that you need to discuss with your insurance agent to determine what actually constitutes dismemberment in your state.

Side Note: Did you know that every regulates the insurance industry for that state? Your state has a huge impact in the coverage you get in your policies.

Accidental Death Benefit can also be referred to as "principal sum." This type of coverage should not be confused with life insurance. There is a huge of difference between the two. Life insurance policies will generally be paid regardless of the cause of death (although, suicide is not covered in most policies). An accidental benefit is paid ONLY if the death is accidental as opposed to a death by natural causes or illness.

The person who received the death benefit is called the beneficiary. The policy owner (or holder) has the right and responsibility of naming beneficiaries. Usually there is a primary beneficiary however the policy holder can assign a second and even a third beneficiary.

The primary beneficiary is the first person in line to receive the benefit in the event of the death of the policy holder. They can also name a second beneficiary who would receive the benefit in the event the primary beneficiary dies before the insured. Some policies can include a third beneficiary who would be in line after the first two. Although, some policies allow you to divide (by percentage) between the beneficiaries.

There is much more to be learned about accidental death policies, but I would like to mention one important component before we move on. An accidental death may not be instant. A person can die as a result of an accidental injury months after the accident occurrence. Read your policy carefully because most stipulate that the accidental death benefit will only be paid if death occurs within 90 days of the accident.

Side Note: ALWAYS read an insurance policy. It does not matter what type of policy, know your policy. I have spent many hours with clients that did not know what was covered and what wasn't covered. This is especially true when you have employer (group) health insurance.

Did you find this article helpful? If so you can get more information at http://www.Personal-Health-Insurance.info

Get a free Health Insurance Quote!

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Understanding Accidental Death Insurance
By Sturat Mitchel

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Term Life Insurance with Accidental Death and Dismemberment Rider
By Sharon Taylor Platinum Quality Author

Adding an accidental death and dismemberment rider to a term life policy is an ideal way for those who need extra protection to get combined and comprehensive coverage.

Accidental death and dismemberment riders are also known as “A D & D Riders” as well as “Multiple Indemnities.” Multiple indemnities mean that an insurance company will pay a multiple of the policy's face value. This is the amount that the policy would pay to the beneficiary in the event of the death of the insured person.

One common example of indemnities is double indemnities. This pays an equal amount to the face value of the policy so if the insured person dies in an accident, the beneficiary receives the policy face value and the A D & D Rider face value, which is twice as much as the original amount.

Additional Occurrences Covered by an A D & D Rider

Depending on the rider coverage you choose to add to your term life insurance policy, A D & D Riders may also cover loss of sight or the loss of one or more limbs. Of course, you would have to double check the provisions of your policy as each carrier stipulates specific designated time frames when payment can be received from the date that your accident occurred. For example, imagine an insured person was in a work accident where a crate fell on the insured person’s legs, damaging the limbs enough so that their legs needed to be amputated a few weeks after the accident occurred. Usually the coverage period would depend on the state in which that the policy is drawn, however, a 90 day waiting period after the limbs are amputated is common for this type of rider.

The most important thing to keep in mind is that A D & D Riders do NOT cover death by any form of illegal or crime related activities. This type of rider also does not cover death by suicide or death by a malfunction of the body. An example of “malfunction of the body” would be someone that suffered a stroke or heart attack while driving. If the heart attack or stroke occurred before the accident and the accident was the result of that bodily malfunction, death as a result of the accident would not be covered. Accidental death means that an unforeseen circumstance caused death that is unrelated to the body. The death had to have been unexpected. This is where the term life insurance policy becomes important. While the insured would not benefit from the rider, they would most certainly benefit from the term life insurance policy.

Aside from accidental death, A D & D riders also cover dismemberment. In the case of the accidental loss of one arm or one leg only one half of the death benefit would be paid to the insured. In the event that the insured person suffered the loss of two or more limbs (combination of arms and legs), then that would result in the entire face value (death benefit) being paid to the insured. In this event, the A D & D Rider would be terminated or waived because the entire face value of the death benefit/term life insurance policy would have already been paid out. Most A D & D Riders also include the sudden loss of vision. The same principles apply. If one eye is lost only one half of the benefit is paid out. If both eyes are lost then the insured will receive the whole face value of the death benefit.

A D & D Riders are important to consider adding to term life insurance policies especially if you use your body to earn your livelihood. Make sure to get a term life insurance with rider quote from a few different carriers to ensure the best rate.

Sharon Taylor writes articles for eQUOTE Life Insurance. eQUOTE is a leading Internet life insurance company providing families with no-obligation term life insurance quotes and other helpful family insurance resources since 1999.

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What is the Cheapest Life Insurance and What Does it Cover?
By Frank Rodriguez Platinum Quality Author

The average person wants the cheapest life insurance and they want all the coverage they can get at that price; however, if you do not understand the differences in policy coverage that you may be getting the short end of the stick. Insurance can be a rather dry subject that no one really wants to understand they just want to know that they covered. The lowest premiums do not mean that the insurance is inferior and the highest premiums do not mean that you will have the coverage that need for a particular situation.

You want to know what the cheapest life insurance is that you can buy; that is term insurance. The premiums are lower and there are not as many health questions to answer with term insurance. Term insurance is cheap because it does not carry a cash value, like whole life insurance, nor does it last until the end of your life. You can and usually will live beyond a term life insurance policy.

If you have a whole life policy, it was probably started by a parent or grandparent. Not the most exciting gift but it is extremely practical. Grandparents usually see a whole life policy is a makeshift savings account. If you are ever strapped for cash, you can borrow against the cash value of the policy or outright cash it out for the amount of the premiums already paid in.

Term life has its place, as well. Usually the life of a term life insurance policy is 10 to 20 years. It is used to cover any large outstanding loan in case you should die. Term life insurance will pay off your mortgage if you should meet your demise. It is not meant to change anyone's life but it used to give your family the peace of mind that they do not need to worry about a mortgage payment after losing a source of income.

To get the absolute cheapest life insurance, look into a decreasing term life policy. The policy will decrease in face value as your mortgage or loan decreases as you pay it off. The premiums will decrease as the face drops over time, so you are not paying the same amount throughout the life of the policy.

Accidental death and dismemberment life insurance gambles on the way that you are going to meet your demise. This policy will only pay out if you die in an accidental way and there are exceptions on the way that you might accidentally move into the next world. Many people have these policies and have not paid a single cent toward the policy. There are often offered through a bank or credit card company as a member benefit.

Understand what is covered and not covered under any insurance policy. Undisclosed pre-existing health conditions and extreme sports are two common things that are not covered by insurance policies.

You can get the cheapest life insurance that is available, just be sure that you have the coverage that are looking for. You will not have to live with your mistake but your family will.

When it comes to the cheapest life insurance it is hard to beat term. In fact if you are facing an impaired risk life insurance situation. term life can help the premiums down.

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

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Understand Extension of Life Benefits, Accidental Death and Dismemberment of Group Insurance
By Kyle J Norton Platinum Quality Author

As we mentioned in the other articles, many corporations will offer competitive packages, and that's even a strategy in hiring and retaining employees. These competitive packages include group insurance to plans that provide individual retirement accounts or traditional registered pension plans, etc. In this article, we will discuss the extension of life benefits, accidental death and dismemberment of group Insurance.

1. Extension of life benefits after retirement

The cost of the full life insurance benefit are not carried from the date of retirement until death upon the retirement but the coverage can be modified in any of several ways

a) The benefit can continue at a reduced 50% level with a maximum amount indicated in the group contract. Premium may be required eihter by single premium or paid by the employer or from the retired employee.
b) The coverage may continue with an annually reducing benefit for the first five years of retirement.
c) A residual benefit of $2,000 a year for life.

2. Accidental death and dismemberment

A accidental death and dismemberment is usually included as part of the life benefit. A principle is payable to employee beneficiary in the event of accidental death matching the amount of life insurance benefit. The coverage of dismemberment in event of dismemberment is payable to employee depending to the detail lists and each with its own percentage loss of the amount of life insurance benefit.

Remember the same beneficiary designations apply to group life benefits as to individual contracts. You may even designate an irrevocable beneficiary to the group life benefit if you wish and most group insurance contracts do not contain a suicide two-year exclusion clause as to traditional life insurance policies.

I hope this information will help. If you need more information, you can read the complete series of the above subject at my home page:

http://lifeanddisabitityinsuranceunderwriter.blogspot.com/

Kyle J. Norton
http://lifeanddisabitityinsuranceunderwriter.blogspot.com/

I have been studying natural remedies for disease prevention for over 20 years and working as a financial consultant since 1990

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

What is Accident Life Insurance?
By Don Lewis Platinum Quality Author

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

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

Life Insurance - Regular Vs Accident Insurance
By Amy Nutt Platinum Quality Author

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.

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

What is Accidental Death and Dismemberment (AD&D) Insurance?
By Miriam Sirag Platinum Quality Author

Accidents are a leading cause of death and disability, especially in young people. In fact, 25% of traffic fatalities in America involve a young person under 25 according to the Census Bureau. Worldwide, nearly 400,000 people under the age of 25 die every year in traffic accidents according to the World Health Organization. There are many more non-fatal but still disabling accidents and non-traffic related accidents.

Car insurance is certainly an important safeguard in the case of traffic accidents, but its coverage is limited. To ensure that you and your family are covered for all types of accidents, let's look at a different type of insurance that might help.

AD&D is an important insurance to have
Few people who have Accidental Death and Dismemberment Insurance (AD&D) actually understand the importance of this plan. It often appears as a tag-a-long to life insurance. However, it can prove useful to many people who may have never considered it before.

AD&D pays a benefit if the insured person dies due to an accident (as opposed to a disease like heart disease). If the plan is paired with Life Insurance, the benefit it pays is in addition to the Life Insurance benefit in the case of an accidental death. The exact amount and any exceptions are listed in your Certificate of Insurance or Certificate Booklet.

What is the difference between life insurance and AD&D?
But what if you have an accident, and the doctors manage to save your life at the cost of a limb or other essential part. Life insurance only pays your beneficiary if you die. AD&D pays the insured for certain disabling accidents. Losing the use of your eyes because of an accident, for example, would change your life drastically. The insurance still pays a lump sum depending on your loss. Read your Certificate of Insurance carefully when you purchase the insurance to make sure the coverage is enough for what you might need. It will do you no good to discover once you have a disabling accident that your insurance wasn't sufficient.

Travel Warning and AD&D Coverage
If you plan international travel to a country for which the State Department has listed a Travel Warning, make sure your insurance will cover that. Many AD&D plans won't cover accidents in countries with Travel Warnings even if the accident is not related to war.

A good broker can find the right plan for you.

Miriam is a sometime world traveler who was a customer service representative for a major insurance company and now writes articles for Good Neighbor Insurance. Good Neighbor Insurance represents 10 international health insurance companies and provides international health and travel insurance for every country in the world. Email us to get a health insurance quote.

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

Accidental Death Policy
By Vincent Funfatt Yeong

Accidents happen in all parts of the world, no one knows when it will happen and how serious it will be. No matter how careful you are, things can go wrong, accidents are unpredictable. Everyone had this experience before, but thank God it was not serious, otherwise we wouldn't be around. We hope that bad luck leaves us far away and accident never happens to us, but ask yourself, can you prevent it?

Take for example; road accidents occur in every country everyday, no one can be sure he or she can escape it. If you are a careful driver, but there are full of reckless drivers on the road, even if you don't collide them they will collide you.

I had a very unusual experience; a crow hit my car windscreen when I was driving, it then fell on the road with two legs kicking in the air, I wondered was the crow blind or it was a suicide because the female crow left him? Or it was a stunt crow trying to show its flying skill? But one thing for sure, he did not buy accidental death insurance.

Accidental death benefit

If a person purchased a life insurance and with an additional accidental policy, the beneficiary will benefit the double indemnity in the event of the insured's death resulting from an accident. If he survived from the accident but with injury, a percentage of compensation will be made by the insurance company to the insured, this will depend on how serious was the injury.

Accidental death benefit rider is very inexpensive

If someone is buying a life insurance policy, the agent will normally ask him to add an accidental death benefit rider, because the life insurance never covers against accident. In the event of accident, the insurance company will not compensate the insured for his injury, but with this additional policy the buyer will receive compensation if he suffers injury resulting from accident.

For anyone whose occupation is hazardous, it is advisable to add this inexpensive policy to his life insurance, because if he injures badly during working, he is unable to work, and thus loses his job and livelihood. Anyone who purchased a life insurance without accidental death benefit rider can add it later, because this policy is renewable annually.

Accidental death insurance is crucial because accidents are unpredictable; know more about this policy by a click on accidental death or accidental insurance, or visit us at http://www.indianapolislifeinsurance.net

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All About Accidental Life Insurance

Sunday, August 16, 2009

Update August 16, 2009 All About Accidental Life Insurance By Insurance Experts

Tuesday, August 4, 2009

All About Accidental Life Insurance By Insurance Experts

All About Accidental Life Insurance By Insurance Experts

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