Do You Need Accidental Death Insurance?

Read time: ~5 minutes

Accidental death insurance can be a shield against life's uncertainties, helping ensure financial security for you in the event of loss of life due to an accident.

In this article:

According to the CDC, unintentional injuries are the leading cause of death for Americans aged 44 years and younger. Many times, these accidents range from vehicle to workplace accidents.

While an accidental death policy can benefit a wide range of people, those in high-risk jobs should carefully consider these plans. It might make sense for you to get a form of coverage, especially if you are in a high-risk situation. After all, you don't want to leave your loved ones financially vulnerable in case the worst happens unexpectedly.

So, what are your options? Let's dive into what Accidental Death insurance coverage entails and if it's the right choice for you

What is accidental death insurance?

Accidental death insurance is a type of policy that pays out a financial benefit in the event of death resulting from an accident.

It provides financial support to the beneficiaries named in the policy if the insured person dies due to an accident covered in the contract.

It's important to note that accidental death insurance is different from traditional life insurance. While life insurance provides coverage for death, accidental death insurance specifically covers accidents.

How accidental death insurance works

Accidental death insurance provides broad coverage for a relatively low cost. It covers accidental death sustained from any covered injury, work-related or non-work-related.

Accidental death insurance is helpful if you need to:

Why do you need an accidental death policy?

Accidental death often comes with sudden financial stressors — hospital bills, legal fees and funeral expenses — all while the survivors struggle with grief and loss. This is why accidental death insurance can be helpful.

So the answer, at least in part, to the question “Why do you need accidental death insurance?” is fairly straightforward. Accidental death insurance helps replace the loss of income and provide financial support for your family if you die in an accident covered by your policy.

Is accidental death insurance right for you?

Accidental death insurance is particularly suited for you if:

FAQs on accidental death insurance

What is covered by accidental death insurance?

Accidental Death Insurance covers a range of accidents, including vehicle accidents, workplace accidents, falls, accidental drowning and other unforeseen incidents. Accidental death policies do not cover death from illness or natural causes. The specific coverage may vary between insurance policies, so it's crucial to review the terms and conditions of your policy.

Is accidental death insurance worth it?

Whether accidental death insurance is worth it depends on individual circumstances. If you have dependents or work in a high-risk environment, accidental death insurance can provide valuable financial protection. Consider your lifestyle, risk factors and existing coverage to determine if it's a worthwhile investment.

How to get accidental death insurance?

Getting accidental death Insurance is relatively simple. You can purchase it as a standalone policy or as a rider to an existing life insurance policy. Research different insurance providers, compare rates and choose a policy that aligns with your needs and budget.

What is considered accidental death?

Accidental death, in the context of accidental death insurance, refers to a death resulting from an unforeseen and unintentional accident. Covered accidents may include vehicle accidents, workplace incidents, falls, drowning and other accidental events specified in the insurance policy.