What is accidental life insurance?

Question

What is accidental life insurance?

Answer 1

A ripoff.  Life insurance that pays only in the event of death due to specified "accidental" causes.  Get regular life insurance instead.

Answer 2

I would suggest that you only buy this as a rider to your regular life insurance.  

For Example: if you have a $50,000. Life insurance and you add the Accidental death and dismemberment rider for another $50,000. should your death occur directly due to an accident then your beneficiaries will receive $100,000.

However if you do not die as a result of an accident but lose both arms because of one, then the Company is obliged to pay the Dismemberment amount  of $50,000.

It is very tricky and can be a rip-off if you do not ask the  right questions from a qualified agent or broker.

Ask  this:  If I am injured in an accident but should die 40 days  later in the hospital because of an infection due to an un-related source,will the company still pay?

Answer 3

This type of policy is a rip off.  It only pays if you die due to an accident.  Get a term life insurance policy that pays no matter what, with a couple exceptions.