The Value of Accidental Death Coverage
Some deaths are expected. Following months or years of illness, an expected death may even come as a relief that ends the suffering of the now deceased and allows his or her survivors to come together and celebrate the deceased’s life. Other deaths are sudden; the result of an accident that no one could have prepared for. These deaths take life much too soon and leave the deceased person’s family reeling.
An accidental death and dismemberment rider increases your life insurance policy’s death benefit in the event that your death is caused by an accident. This additional benefit can’t stop the pain your family would feel if they lost you suddenly, but it could help them deal with the sudden an unexpected financial loss.
You have built a life for your family based on the income that you presently make and that you expect to make in the future. Without the means to replace that income after your death, your family may be in deep financial trouble. While your existing life insurance policy can help clear up some of this strain, the additional benefit found in an accidental death rider could ensure that they are able to meet obligations that you did not anticipate when you initially took out the policy and set the death benefit. In addition, it can help them get the grievance counseling they need to move past the emotional strain of your death and the resulting anxiety.
Accidental death riders do have exclusions that you should read. In order to qualify for the payment of benefits, the death must be the result of an accident. Some deaths caused by events such as acts of war, may be excluded.
AD&D riders provide a percentage of your death benefit to you, rather than your beneficiaries, should you suffer the loss of a limb, your sight, or your hearing (see your policy for exceptions and details). Having access to a portion of your death benefit can be extremely helpful in assisting your family to adjust to this loss and the medical costs it creates. It can also help fill the gap between the date you experience the loss and the waiting period of your disability policy.
If you’re interested in learning more about how an accidental death and dismemberment rider can help you and your family be protected against an early, unexpected loss, give us a call.
At Reliable Insurance, we have been serving Texas since 1996. We specialize in Texas Life Insurance as well as home, business and car insurance in Houston, Katy and surrounding areas in Texas. Contact us today at (713) 227-7283 for questions or to get a free Texas Life Insurance quote.