Accidents Come Unannounced
It is an unfair and unreliable world today. Accidents are a major cause of death. Every year we see hundreds of thousands of otherwise healthy people dying in freak accidents. Can we prevent this? No. Accidents and accidental deaths are not in our hands to control. Except being more cautious, there is nothing more a person can do to prevent it from becoming a harsh reality of one’s life. Accidental deaths are the toughest to deal with as one’s loved ones are not emotionally and financially ready to cope with the repercussions of the tragedy. If you think finances are the last thing that could be on a person’s mind in such a situation, it is untrue. Being financially crippled and left with piles of bills to deal with makes the nightmare even tougher to deal with.
If you already have life insurance or are thinking of buying some in the future, you might want to consider Accidental Death life insurance. Sounds ironic doesn’t it? Accidental death life insurance is nothing but a plan that is like the conventional life insurance policy with the added benefit of increased benefit returns if the death of the policy holder is established as an accident. Sometimes the benefits are doubled also; this is something that is popularly known as double indemnity.
It is the opinion of most financial and insurance experts, that if you are the sole bread-winner of the family, it might a good idea to add Accidental death to your life insurance policy. Though it doesn’t sound pleasant, it’s true that life never is. There are also the death and dismemberment policies in which one’s income is supplemented if the person experiences any injuries that disable them for leading a normal life. Since the situation financial cripples the family if it is the bread-winning member who faces such a disability, it might be a good idea to invest some money in such policies as well.
The advantage of accidental death life insurance is that it can be added to any life insurance plan you are already subscribing to, both whole and term alike. With so many benefits, it might be a wise move to buy some Accidental Death life insurance. Paying a little more to ensure that all is not taken away from your loved ones in time of misery is not really asking for much. After all, one cannot truly put a price on peace of mind, can they?
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