How Much Is Accidental Life Insurance?
3998 POINTSview profileMatt BenoreFounder, DenverWest Insurance Professionals, Inc.,Generally speaking, Accidental Life Insurance is pennies on the dollar compared to "normal" life insurance. The reason in part is because most people will die of natural causes versus from an accident. Sure, you always here of those stories where someone slipped, fell, car accident, etc. but in all those are rare deaths. Now, if for medical reasons or background concerns, you can get Accidental in most cases which depending on your situation may be better than nothing at all and until your situation improves to allow you get your traditional life insurance.Answered on December 24, 2013flag this answer.JPG)
63333 POINTSview profilePeggy MaceMost of the U.S.Accidental death insurance costs less than life insurance because death by accident occurs far less frequently than death due to natural causes. Even accidents that are caused by health conditions are not covered by accidental death insurance. Also, you cannot get accidental death insurance at older ages. To find the price of accidental death insurance, you can contact an agency that sells life insurance. Most offer a stand alone accidental death policy, or can add an AD&D rider to your life insurance policy.Answered on December 26, 2013flag this answer
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaAccidental death is available for about $5 a month for $10,000 of coverage at any age when a part of an auto policy. That said it is important to understand that if you cannot get life insurance this is an alternative. If it is all that you can afford, it is an alternative. I agree that it doesn’t result in many claims but it does result in some. There are accidental death policies available, call your agent.Answered on June 30, 2014flag this answer
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasThat is a great question! Accidental Death insurance is very inexpensive, because like term life policies, they very rarely have to pay out. The best reason to have an accident policy is if you work in a situation where accidents and injuries are common. As an inexpensive addition to your life insurance, if you were to be killed in an accident, your payout would be much larger than what just life insurance would pay. That said, I wouldn't recommend it in any way as a replacement for a life policy, and I'd ask you to look very carefully at what the company defines as an "accident". Thanks for asking!Answered on July 1, 2014flag this answer
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