Sentences with phrase «beneficiary of an accidental death»

The accidental death benefit is payment due to the beneficiary of an accidental death insurance policy, which is often a clause or rider connected to a life insurance policy.

Not exact matches

If you die as the direct result of a vehicular, air, or sea accident that you did not deliberately cause, your insurer will pay your beneficiary the accidental death benefit, which is normally twice the value of your insurance policy's face value.
This just means that, in the case that you died during the first 2 years of coverage, unless your passing was considered to be an accidental death by the insurer your beneficiaries would only receive a minor payout (the sum of your premium payments with 7 % interest compounded annually).
The beneficiary for the accidental death insurance benefit on this product follows the automatic succession of: spouse, child (ren), parents, brothers and sisters, estate.
Benefits increase 5X in case of accidental death If you die as the result of an accident (as defined in your policy) before age 85, your beneficiary will be eligible to receive five times your coverage amount.
Accidental Death Benefit — In case of a death due to accident, the PA policy would pay 100 % Sum Assured to the nominee / beneficDeath Benefit — In case of a death due to accident, the PA policy would pay 100 % Sum Assured to the nominee / beneficdeath due to accident, the PA policy would pay 100 % Sum Assured to the nominee / beneficiary.
College Education Benefit for Children and Spouse: Your beneficiary will receive 2 % of your accidental death benefit (up to $ 3,000 per year) for each of your children (and / or spouse) attending college full - time on the date of the accident.
First, the coverage may be a form of accidental death and dismemberment (AD&D) insurance, which only pays the beneficiaries if the employee dies from an accident or loses a limb, hearing or sight as a result of an accident.
Accidental death life insurance is an insurance policy that pays out benefits to your beneficiary in the event of accidental death of thAccidental death life insurance is an insurance policy that pays out benefits to your beneficiary in the event of accidental death of thaccidental death of the insured.
This rider can provide an additional amount of death benefit coverage to the policy beneficiary if the insured dies due to accidental injuries that occur while he or she is riding as a fare - paying passenger on a common carrier, such as an airplane, a bus, or a train.
With the accidental death benefit rider, should the insured die due to a qualifying accident, his or her named beneficiaries would receive an additional amount of death benefit.
Accidental and non-health-related deaths pay 100 % of the death benefit coverage amount to beneficiaries on day 1.
Benefits increase 5X in case of accidental death If you die as the result of an accident (as defined in your policy) before age 85, your beneficiary will be eligible to receive five times your coverage amount.
If he dies as a result of a car accident, his beneficiary would receive the $ 500,000 life insurance benefit plus the $ 1 million accidental death benefit for a total payout of $ 1.5 million.
Now, we tend to lean towards the accidental death insurance with a return of premium simply because your beneficiary will get something when you die by natural causes.
Accidental death insurance will pay your beneficiary the amount of your policy if you're killed in almost any type of accident.
Accidental death insurance also referred to as accidental death and dismemberment insurance (AD & D) is designed to pay a set amount to a named beneficiary if the covered individual dies as a direct result of anAccidental death insurance also referred to as accidental death and dismemberment insurance (AD & D) is designed to pay a set amount to a named beneficiary if the covered individual dies as a direct result of anaccidental death and dismemberment insurance (AD & D) is designed to pay a set amount to a named beneficiary if the covered individual dies as a direct result of an accident.
Accidental Death and Dismemberment (also known as AD&D) is a policy that pays benefits to the beneficiary if the cause of death is due to an acciDeath and Dismemberment (also known as AD&D) is a policy that pays benefits to the beneficiary if the cause of death is due to an accideath is due to an accident.
Even though the beneficiaries will receive the basic sum assured in case of your death, the Accidental Rider offers your family extra funds to make sure that you can manage all their expenditure, thereby making it less nerve - racking to deal with the loss of their loved one.
Accidental death and dismemberment coverage pays an indemnity up to the covered amount for the loss of life or functioning limbs to you or your beneficiary (ies).
The accidental death part of an AD&D policy pays a lump sum benefit to the person you've named as a beneficiary if you're killed in an accident.
This Aviva unit linked policy has an inbuilt Rider to provide coverage against Accidental Death in order to provide added protection for the future of the beneficiary.
Since most AD&D payments usually mirror the face value of the original life insurance policy, the beneficiary receives a benefit twice the amount of the life insurance policy's face value upon the accidental death of the insured.
With accidental death coverage, there is a death benefit paid out to a named beneficiary if the insured dies as the result of a covered accident.
With accidental death insurance, an amount of death benefit is paid out to beneficiaries if an insured die as the result of a covered accident.
The accidental death or double indemnity rider pays the beneficiaries twice the face value of a life insurance policy in the event the insured dies as the result of an accident.
Accidental death life insurance is a no question term life insurance insurance policy that pays out benefits to your beneficiary in the event of accidental death of thAccidental death life insurance is a no question term life insurance insurance policy that pays out benefits to your beneficiary in the event of accidental death of thaccidental death of the insured.
One of them is known as accidental death benefit which may add a considerable amount to the benefits offered to the beneficiary.
Spouse and Dependent Children Benefit — Will provide additional benefits to the beneficiary due to the accidental death of an insured spouse and children.
But if you have the Accidental Death rider and you die due to an accident, then your beneficiaries may get an extra portion on top of the $ 500,000.
However it can be added as a rider to a traditional life insurance plan so the beneficiaries receive both the benefits from the life insurance and the death and dismemberment insurance plan in case of an accidental death.
In insurance, accidental death and dismemberment (AD&D) is a policy that pays benefits to the beneficiary if the cause of death is an accident.
And in the event of a sudden loss, the AD&D coverage provides additional benefits to beneficiaries if the insured suffers an accidental death, or additional payment to the insured if they suffer a qualified loss as a result of accidental injury.
Accidental death benefit rider - pays your beneficiaries if your death was the result of an accident
Accidental Death Insurance Definition: an insurance policy that pays benefits to the beneficiary if the cause of death is due to an acciDeath Insurance Definition: an insurance policy that pays benefits to the beneficiary if the cause of death is due to an accideath is due to an accident.
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For example, if you have coverage of $ 10,000 and an accidental death benefit of $ 5,000 and then you die from a heart attack, your beneficiary will only receive the $ 10,000 (non-accidental).
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Accidental Death Benefit — In case of a death due to accident, the PA policy would pay 100 % Sum Assured to the nominee / beneficDeath Benefit — In case of a death due to accident, the PA policy would pay 100 % Sum Assured to the nominee / beneficdeath due to accident, the PA policy would pay 100 % Sum Assured to the nominee / beneficiary.
With accidental death insurance, an individual will have death benefit coverage — which is a guaranteed amount of funds that is paid out to his or her beneficiary (or beneficiaries) should the insured die as the result of a covered accident.
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The benefit of accidental death is offered to the beneficiary in case of accidental demise of the life insured, provided he / she is aged between 18 and 60 years.
Apart from this, if the insured owns a joint term insurance policy, then only one death payout is offered under the policy, even in the case of accidental death of both the insured persons, only one death benefit is payable to the beneficiary of the policy.
Group Personal Accident Insurance policy provides your beneficiary with a benefit in the unfortunate event of your accidental death and disability.
Under Pradhan Mantri Suraksha Bima Yojana a death benefit of Rs. 2 lakh is available to the beneficiary of the policy in case of accidental demise of the insured person.
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