Accidental Death Benefit
Definition of 'Accidental
Death Benefit’
In the life insurance policy the advantage in calculation to
the death benefit rewarded to the beneficiary, should death happen due to the
accident. There can be confident exclusions as well as time and age confines.
Helman Insurance clarifies it;
Helman Insurance clarifies it;
The payment payable to
the beneficiary of an accidental casualty or death insurance policy, which is
often a section or a rider associated to a life insurance policy. The
accidental death benefit is frequently an amount paid in totaling to the
standard benefit allocated if the insured died of natural death causes. Depending
on the issuer of the policy the accidental death advantage may extend up to the
year after the first accident occurred, so extended as the accident led to the
insured's death.
Accidental death as
defined in accidental death insurance policies is any death firmly due to
accident. It normally excludes such things as acts of war, death reason by
illegal activities. Dangerous hobbies in which the insured individual regularly
engages are usually specifically excluded or disqualified as well. In the case
of a incurable accident death generally must happen within a period of time
specified in the insurance policy.
Accidental death profit provision should be considered
for citizens who work in or around potentially risky environments, and can be
used to grumble up the profit paid to beneficiaries of insured. These riders usually
end once the insured individual reaches the age of about seventy years.