What Are Your Chances of Dying By Accident?

The man on the ladder by Stephane Tougard
 The chances of dying by
accident are slim.
Photo by Stephane Tougard

Accidental death insurance earns banks thousands of dollars across the country, but have you ever wondered what the real chances are of a person dying by accident?

Across Canada, only 4.23% of people actually die by accident. According to Statistics Canada, that breaks down to 5,749 men and 3,891 women. Among the provinces, Alberta holds the title for the most accidental deaths in Canada at 4.45%. Almost 6% of men (5.55%) and 3% of women (3.23%) die by accident every year, which is 569 men and 300 women.

Overall, more men die by accident than women across Canada. The total for men is 5% and the total for women sits at 3.45% by comparison. However, men are typically older when they die by accident than women. Women are most likely to die by accident at 17, while men may die unintentionally at 35 if you round up to the nearest decimal point.

Still, the likelihood of dying by accident is very low and in many cases, it will be very hard to collect on an accidental death policy, thanks to the illegal practice of post-claim underwriting.

For more information on Accidental Death Insurance, or to assess your own insurance needs, call us at 1-866-899-4849 or visit our Term Insurance Quote Page.

 

Canada's Lowest
Life Insurance Rates

Amount:
Sex: Male Female
Smoker: Yes No
Name:
E-Mail:
Telephone:
Year of birth:

Get our NEWLY updated
Insiders Guide To Buying
Life Insurance FREE

with each quote request.

life insurance testimonials
It's been a pleasure having LSM Insurance handle our family's insurance needs. We look forward to working with them in the future. (1 of 83)

2 Comments

  1. Mark S. 07/30/2014 at 12:34 pm

    What do you mean when you say “…it will be very hard to collect on an accidental death policy”

    I saw an Ad of an insurance company on TV, $25,000 coverage , no medical / no questions asked, and 5 times for accidental death.

    What sort of excuses or reasons they could use in case of an accidental death so as to not pay the accidental death benefit?

  2. LSM Insurance 07/30/2014 at 1:01 pm

    Thanks Mark. It depends on the policy. Many of policies have an exclusion that the Death must happen within a specific time frame of the accident.

Skip to
second column

Leave a Reply

 

3173 Bathurst Street, Toronto, ON M6A 2B1
Head Office: 2900 John Street Suite #302 Markham, L3R 5G3
Office 1-866-899-4849, 905.248.4849 Fax 905.300.4848


© LSM Insurance Services Ltd. 1998-2014 | All Materials




Canada Life Dividend Scale Announcement for Policy holders in 2011

Close