Accidental death insurance: facts to consider!

Accidental death insurance: facts to consider!

Our lives can change in the blink of an eye, so what then? How can you take care of the financial stability of your loved ones in case you suffer a fatal accident? An accidental death insurance can be a safe getaway from such stressful situations. Not only that it comes in handy as a cheap policy, but it can prove to be the much-needed financial help for your family.

An accidental death and dismemberment policy can ensure the financial well-being of your family when unexpected situations take place. But when should you consider purchasing it? Well, having an insurance policy is highly advisable no matter what type of lifestyle you have. You never know what might happen so you need to stay prudent. But, you definitely have to apply for this policy, if you travel a lot by car or plane, if you have to handle or work around heavy equipment, or if your work has a high risk of accidents.

What does this insurance actually mean?

Let’s start with the beginning – What is the accidental death insurance and what does it imply?

As the name says it, the accidental death insurance or the accidental death and dismemberment insurance (AD&D) is the insurance policy that pays an amount of money to the beneficiary if the cause of death is an accident.

As we live in this chaotic environment, there are many dangers out there that can cause fatal accidents. Apart from this, some of you might get rejected when applying for other types of life insurance policies, so an accidental death insurance can help you instead. In what concerns this policy, the number of required tests / documents is significantly lower compared to any other type of insurance. So, contact an insurance representative to get you the details you need to purchase your own insurance policy now!

Is it difficult to purchase an accidental death insurance?

It’s definitely not complicated at all! As some say – it’s usually as easy as 123. Depending on the insurance company you choose, applying for such an insurance is fast, easy and secure. By following some simple steps you can meet a consultant and choose the right insurance policy for your own needs.

Usually, someone who wants to get this type of insurance doesn’t have to wait, bother with complicated documents or do all sorts of tests. No! This is believed to be one of the easiest types of insurance policies out there. Probably, one of the few things that might matter when purchasing this insurance is the age (usually, it is suitable for people under the age of 60-70 years old), but this might depend on the company as well…

Facts and statistics

According to statistics and as frightening as this might sound, you should know that the accidental deaths are considered the 5th most frequent cause of death in the US and Canada too. Furthermore, according to public statistics, 1 out of every 9 Canadians seek medical attention each year.

So, why not get an accidental death insurance if it is cost-effective, safe and fast too? It’s something that doesn’t affect your budget, but provides peace of mind. Don’t waste any more time and get the info you need!

What accidents can be included?

As with any other insurance policy, this one too does not include all the accidents you might think of. As a result, take precautionary measures, and before you sign up for this policy, please make sure what accidental causes are included in your own policy. Some of the most frequent ones are:

  • Car accidents
  • Homicide
  • Falls
  • Drowning
  • And more…

Moreover, the benefits are also given if the person suffers some serious accidents, such as loss of arms or legs, injuries such as paralysis or even blindness. Ask your consultant about your policy too!

But, now you’re probably thinking about some examples of accidents that are usually excluded by most insurers. And here, for instance, we’re talking about war injuries, natural death causes, overdose with toxic substances or even death by illness. These are just some of the most common causes that are usually not covered by this insurance policy.

Is this policy expensive? What about the coverage?

As surprising as this might sound, the policy is not expensive. It can begin even from $30 – $50 per month, depending on your policy options. The safest way to know how much you’ll have to pay is to get a quote from the company you want to work with. Just fill in a form and voila – problem solved!

In what concerns the coverage of the policy, most policies work anywhere in the world, whether you’re at home or at work, 365 of days per year. So, once you get covered, you can have no worries, that if something happens, your family will receive the benefits.

The bottom line

No matter how careful we try to be, accidents still happen. And what’s even worse – we’re talking about serious accidents that can shape our lives or the lives of our family. So, a great way to keep your family safe from other stressful moments is to have this type of insurance policy. Not only that it is cheap and efficient, you don’t have to pass away to receive the benefits. It usually has immediate worldwide coverage and it is really easy to purchase. Study the above-mentioned reasons and get an extra layer of security fast and with no headaches. It’s that easy!

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