What is the difference between accidental death life insurance and regular life insurance?

There is really no difference between the two. They are both life insurance. The words "accidental death" is to entice the consumer to purchase it. It's like saying "Extra Special Life Insurance Just For You." lol.

This is how life insurance works:

You pay premiums into the policy for a certain amount of coverage. If you add "Waiver of Premium" rider to it, this will allow you to use some of the face amount in case you become disabled. If you die (natural or accidental), your beneficiary will get the face amount. If there is cash value in the policy, this will be kept by the insurance company (kind of sucks since you're the one who paid for it).

Accidental Life Insurance

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Accidental death is only if you die by accident and no other cause. Regular life insurance pays for any kind of death except by suicide within the first 2 years or a crime. All companies are the same in that way. Just take out term life insurance with level premiums for 20 or 30 years. Accidental death is a waste of money.

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RE :What is the difference between accidental death life insurance and regular life insurance?

What is the difference between accidental death insurance and regular life insurance? Which is a better buy? Wouldn't all deaths (excluding illnesses) be accident? If you only buy life insurance and don't include accidental death insurance then what is usually excluded? Thanks!!!

(I know its different for every insurance company, I am just wondering what generally the outcomes would be)

1 following 4 answers

Ad&d Vs Life Insurance

AD&D - Accidental Death and Dismemberment is usually sold as a rider on a Life policy. If you die in an accident it will pay a percentage more (usually 2 to 3 times higher) than the face value. A lot of the free insurance issued by banks, etc. are AD&D policies.

There is only 1 difference. If you select the accidental death life insurance then your family will get the money and if you opt in regular one then you can avail the benefits.

Accidental death insurance pays only if the insured person dies in an accident,

Regular life insurance pays when the person dies of any causes, accident or illness.

The first one is very cheap, because accidental death is highly unlikely. Regular life insurance costs more, and for several more dollars they even offer to double the payment if the person dies accidentally.

If you have a family and dependents, you should buy regular (like term) life insurance.

Is accidental insurance for so many years

accidental death only pays off if an accidental death...regular life insurance pays off on any type of death,minus whatever policy restrictsions are in place.

Obe is an idiot. Cynthia is just wrong. Most of the middle answers got it right. Accidental death is cheaper because the insurance company is much less likely to have to pay a death benefit. As stated before, reading the fine print of an AD&D policy or rider is very important because they will define what constitutes death by an accident, usually even down to how long you live beyond the occurence of the accident. In other words, if you are in an accident, but live on in a coma for a month or two, your accidental death policy might not pay a benefit. Also, if you are in a car wreck, for example, and end up in the hospital but then get an infection and die, too bad. Typically, you have to die as a direct result of an accident and within 30 days or so of the accident in order for the policy to pay.