All About Accidental Life Insurance: Update Sept. 24, 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.

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

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

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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