Accidental death insurance
Posted in Life Insurance Questions 21 days ago, 1 reply
What is the difference between accidental death insurance vs. term or whole life insurance? What kind of person is an accidental death insurance policy right for instead of a plain term/whole policy?
submitted by Matthew S. in Marin County
Accidental death insurance will ONLY pay a death benefit due to any type of accidental death. Accidental death insurance will not pay a benefit if the death was related to any natural cause (heart attack or cancer etc.) Term and whole life insurance will pay a death benefit for any type death, natural or accidental. I believe all people should purchase either term or whole life insurance and only purchase accidental death as an supplement.