Double Indemnity

What is double indemnity for life insurance?

Double indemnity is an accidental death clause in the life insurance policy.

The accidental death benefit is paid in addition to the death benefit, should the insured's death occur due to an accident.

In double indemnity, twice the face value of the policy will be paid to the beneficiary; in triple indemnity, three times the face value of the life insurance policy is payable to the beneficiary.

Example: $250,00 Life Insurance Policy

If the insured person has double indemnity accidental clause on the life insurance and dies as a result of a covered accident, then the spouse (beneficiary) would receive $500,000 in death benefits from the life insurance policy.

Accidental death caused by war, aviation except as a passenger on a regularly scheduled airline, and illegal activities is generally excluded.

Time and age limits are usually applicable, as for example, the insured must die within 90 days of the accident and be age 60 or less at the time of death.

Life Insurance Quotes

Top Pick – WholesaleInsurance
Compare the best life insurance quotes from our network of 40 top life insurance companies in less than 2 minutes! Save up to 73%. Life insurance with no medical exam required is available. Request your free quotes for life insurance.

Highly Recommended – United of Omaha
United of Omaha offers guaranteed acceptance whole life insurance for people age 45 to 85. Choose $3,000 up to $25,000 of coverage. Rates start as low as $8.80 per month. There’s no medical exam and no health questions. You cannot be turned down. You can get a quote and apply online now. START HERE to get a FREE Quote.

Term Life Insurance | About Us | Privacy Policy | Site Map

Double Indemnity

Copyright 2016. All Rights Reserved.