Are life insurance policies designed to pay double the coverage in case of an accident? - accident coverage
I heard somewhere that if death shall specify the amount and the person dies in a car accident, a fall from a boat or died while walking a dog - to pay double insurance coverage. I think it's crazy. I have a bet of $ 5 is incorrect. Please respond.
Wednesday, January 6, 2010
Accident Coverage Are Life Insurance Policies Designed To Pay Double The Coverage In Case Of An Accident?
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5 comments:
Some measures are written with double indemnity for accidental death. You have to read the fine print of your policy to find out.
You lose all $ 5.00.
In general, a unique life insurance products, which means that they can future obligations arising from risks covered are handled as in the case of life insurance policies covered the risk is, of course, the life of the insured. However, if a customer wanted an additional insurance that can not in the basic policy of life insurance, then you use the driver to driver as accident insurance, waiver of premium disability rider under basket, etc. These riders with additional premiums over the base rate to be paid premium coming. Thus, in this case, the extra premium for accidental death of the driver gets paid, then the coverage is twice if the cause of death by accident.
I think someone owes you $ 5
Our policy of life insurance can add to the death "accidental" pilot policy for almost everybody. It is a great advantage for the premium. Example: Client (30-year smoker) buys a $ 250,000 life insurance policy. You can add the accidental death benefit from another $ 250,000 if he dies in an accident, only about 8.5% or the first premium. So in this case, he pays $ 210/month for their original policy and is now adding $ 17.50 for another $ 250,000 if he dies in an accident. You can do 2x or 3x the original amount of more money. It is primarily for people who travel a lot or just be used in case of an accident covered.
Read the fine print. Enter some coverage guidelines that describe how a service included, some treat it as an option, you pay extra and some not at all.
So, if you place your bet is that any policy to do so, then you win $ 5 If your bet, that if it ever happens then it will probably pony up $ 5 If it works for a particular policy area, both of you to read the fine print on the policy.
This is called Double Indemnity clause, and usually in the politics of the accident, not Standard Life Assurance.
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