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Accident Life Insurance
Accident life insurance can be purchased as a rider through most  insurance companies but only a few offer it as a standa alone policy. Although not everyone will want to buy this type of life insurance, companies who have employees that travel frequently and individuals who desire maximum protection can take advantage of the benefits accident only life insurance brings. Please note that these policies can also be called accident only life insurance or accidental life insurance.
Benefits for Individual
With accident life insurance, you’ll receive a set amount per day while you’re hospitalized for an accident, a set amount per month while you remain on disability, or a set amount (like $50,000) to your beneficiary if the accident proves fatal. Coverage can be purchased for yourself and/or your spouse or domestic partner. Please keep in mind that for the benefits other than death, the accident life insurance will need to include additional riders. Often these riders are free. See Riders Available
Regular life insurance, in combination with accident life insurance, provides maximum protection. People who are covered through accidental life insurance and standard life insurance have the security of knowing that should something happen to them in an accident, the basic benefit of the life insurance policy will be enhanced by an additional benefit form the accidental life insurance coverage.
Accidental death insurance may be available up to $500,000. Some companies, such as Globe Life and Fidelity Life offer guaranteed accidental death insurance, with coverage available to anyone aged 16 to 75, no medical exams, no long forms to complete, and affordable premiums. Globe life will tend to offer lower amounts of coverage that some other companies. Fidelity life, for example, will offer up to $250,000 in accident life insurance and with same day coverage.
Note that, according to a statistic from the National Safety Council (2007), someone dies as a result of an accident every five minutes. Combine the benefits of accident life with life insurance, and you can be assured that your beneficiaries will be taken care of as well as the payment for any necessary expenses in the event of your death. Request a quote
Benefits for Companies with Employees that Travel
Employees who need to travel frequently on company business are often exposed to varying degrees of accidental risk. They could be in a plane, car, taxi, boat or other conveyance accident that either results in the necessity for medical treatment or death. Insurers who provide accident life insurance also may offer options including full occupational coverage, war-risk coverage, business and pleasure coverage as well as coverage for those with aviation careers.
Having this coverage will ensure that your company can cover the costs associated with medical treatment due to an accident or the death of a traveling employee killed in an accident.
Fidelity Life Accident Life Insurance
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