Understanding Accidental Death Insurance
Accidental death can be hard,
but insurance can help.
Photo by Megan Ann
Accidental death insurance pays a lump sum should the insured pass away by accident, as defined by the life insurance policy. Many policies specify that the insured must die within 90 days of the accident or be 70 years or younger at the time of accident. Injuries or accidental death caused by acts of war, illegal activity and non-commercial radiation are also usually not covered.
Accidental death insurance can be sold on its own (as is the case with many lending institutions in Canada and credit card companies) or it can be added as a benefit to an existing life insurance policy. When added as a benefit, it's often referred to as double indemnity coverage. This means that if the insured dies by accident, double the policy face amount is paid out.
For more details on accidental death insurance in Canada, please contact us at 1-866-899-4849, or visit our Term Life Insurance Instant Quote Page.
Posted by Chantal Marr.
Chantal Marr is a member of the Independent Financial Brokers of Canada.
Much of her success stems from her ability to listen to her clients' needs.
Read Chantal's background.
Direct line: 416.273.7811, 905.248.4849 Email:
hi, my sister was killed in an auto accident. she was the passenger. she was hitchhiking I guess and got a ride with this man anyway he went threw an intersection and was struck by a truck.it was not the truck drivers fault. the driver survived the wreck but was drunk driving it was .17 if the man had insurance are any of my sisters children entitled to accidental insurance or if she was married would her husband get any money thanks