Accidental death on a life insurance policy is a provision that pays a beneficiary a pre-set amount upon the policyholder's death due to accidental means. In essence, it is an added protection to a standard life insurance policy and is considered an extra cost.
For example, if the policyholder dies in a car accident, their beneficiary would receive the accidental death pay out in addition to the death benefit from the life insurance policy.
Accidental death coverage is an important insurance coverage to consider for everyone, especially those who take part in high-risk activities. It can provide an extra layer of security against premature death and provide your family with the financial resources it needs if the worse should happen.
If you're interested in accidental death coverage, be sure to talk to your insurance agent about available options and the cost associated with coverage. You may also want to shop around to compare policies and benefits from different companies.
Ultimately, accidental death coverage on a life insurance policy can provide peace of mind knowing that your family will be taken care of if something unforeseen happens.