subject: Accidental Death Insurance For high Risk Or uninsurable Consumers [print this page] Is your health or a lifestyle-related habit coming in the way of obtaining a satisfactory life insurance policy? If you have been turned down by a life insurance carrier, or offered very high premiums because you are either uninsurable for any reason or considered as high risk, you could see a way out with accidental death insurance.
What is accidental death insurance?
Commonly called as an accidental death and dismemberment (AD&D) policy, accidental death insurance is a type of life insurance policy. If you are involved in a fatal accident, this type of policy will offer protection for your family. In addition, if an accident renders you disabled or with the loss of your limbs, you can collect a lump sum from an AD&D policy, to make up for your lost income if you cant go back to work after the accident.
What does accidental death insurance cover?
If an accident is identified as the cause of your death or injury, your AD&D policy will pay out. AD&D insurance doesnt cover health-related deaths, drug overdoses or suicides. Usually, AD&D insurers have restrictions on the types of accidents that are covered.
Why opt for accidental death insurance?Accidental death insurance can be obtained at a fraction of the cost of term life insurance. A $10 - $15 premium can cover you for a $50,000 benefit.White it is not guaranteed that you will die in an accident, consider these statistics. Accidents (unintentional injuries) are the fifth leading cause of death in the United States, according to the Centers for Disease Control and Prevention. If you are under 45 years of age, the statistics are higher, and you are twice as likely to die in an accident, than from a natural cause. In 2006 (when the last survey was recorded) 121,599 people in the United States succumbed to unintentional injuries.The average American can qualify for up to $500,000 in AD&D coverage. If you cant qualify for term life insurance, this is a great alternative.Since AD&D covers you only if you die from an accident, you dont need a medical exam to prove your insurability. In other words, anyone can qualify.Where can you buy accidental death insurance?
Most life insurance carriers offer AD&D insurance too. However, to get the best deals, you could buy online from an online life insurance quote provider. Since they deal with hundreds of life insurance carriers, they are able to offer you the best rates.
If you are denied life insurance, then AD&D insurance is a good way to get some insurance. The low premiums that AD&D insurance commands will work towards easing your familys financial burden if you died in an accident.
For more information about AD&D insurance, log on to a reputable life insurance quote provider website where you can weigh your options and receive free life insurance quotes from the best term life insurance companies.
Buying online will also help you compare quotes and compare the financial standing of life insurance companies, so that you can make a quick, well-informed decision. At the end of the day, it is always better to have some insurance, than none at all.
by: Denise Mancini
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