Accidental Death Insurance
Accidental Death Insurance only provides Coverage for death due to an accident. You should view accidental death insurance as a supplement to your life insurance policy because it's generally considered as having a very narrow scope of coverage.
Because this type of coverage specifically pays a benefit only if the insured dies as a result of a covered accident, it is a practical choice for individuals whose daily lives involve higher risks, such as those who work in physically demanding jobs or engage in frequent travel. Since accidents are among the leading causes of death, this coverage ensures peace of mind by offering an extra layer of financial security for beneficiaries.
Premiums for accidental death insurance are typically low, and coverage is easy to obtain without the need for medical exams or extensive underwriting. For individuals seeking a cost-effective supplement to their existing life insurance or those unable to qualify for traditional policies, accidental death insurance is a valuable option to safeguard their family's financial well-being.