Accidental Death & Disability

In the event of an accidental death, this insurance will pay benefits in addition to any life insurance held by the client.[1] This is called double indemnity coverage and is often available even when accidental death insurance is merely an add-on to a regular life insurance plan.[2] Some of the covered accidents include traffic accidents, exposure, homicide, falls, heavy equipment accidents, and drowning. Accidental deaths are the fifth leading cause of death in the U.S. as well as in Canada]

Accidental Death & Disability insurance is not an investment vehicle and thus clients are paying only for sustained protection. Insurance premiums are expected to rise in time. Most policies have to be renewed periodically (with revised terms), although the client’s consent with renewal is often implicitly assumed.
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