New answer on: Does Life Insurance Pay Double Accidental Death?

By: Larry Gilmore

Larry Gilmore — Mon, 27 May 2013 16:06:51 +0000

Does life insurance pay double accidental death? It can if the insured has a accidental death and dismemberment rider attached to the policy. The question is would the extra money spent on a accidental death and dismemberment rider be better spent on extra term insurance coverage? Then the insured would receive a payout not subject to conditions.

By: Peggy Mace

Peggy Mace — Mon, 27 May 2013 15:05:35 +0000

Life insurance pays the death benefit if the insured person passes away due to natural causes or accidental death. If you want the policy to pay double in case of accidental death and your policy does not do that as a feature of the policy, you may be able to purchase an accidental death rider. That way if death occurred to accident, the policy and the rider would, resulting in double payment for accidental death.

By: Ted Ratliff

Ted Ratliff — Mon, 27 May 2013 10:15:59 +0000

Not all policies do, it depends on your contract. If the policy has a double indemnity clause then yes it will otherwise the answer is no. My advice is to sit down with a good experienced independent life insurance agent and do a complete policy review to help you understand the policies you now own.