Accidental Death Benefit
January 19th, 2012Because of most people are familiar with the phrase double indemnity the accidental death benefit rider is thought to be one that provides double the death benefit of your policy in the event of death resulting from an accident. It is true that this is how it works but there are life insurance companies that allow applicants to buy multiples of this rider…e.g. three times the face amount of the policy would be paid should they die by accident. For a small additional premium you can add the accidental death benefit rider to your life insurance policy. It does not matter whether or not you purchase term life insurance or permanent life insurance.