What does Accidental Death Benefit mean?

It is an amount of money being offered to the policy holder, and it usually constitutes an extra benefit to what amount would be paid if the policy holder would not die due to an accident. Accidental Death Benefit is most of time component part of a life insurance policy, and the installments payable will usually not exceed 12 months after the occurring of death by accident of the policy holder.

Accidental Death Benefit explained

It is very important to pay a lot of attention to the fine print, especially to what under “accidental death” is stated. Insurers specify that accidental death is death occurring purely by accident, and the occurring of death by other circumstances than pure accident is strictly excluded from policy coverage. As concerning to whom it would really appeal such type of insurance, it can be said that it is suited for people working under dangerous conditions such as constructions or mining. This type of insurance expires once the policy holder is 70 years of age.