Accidental Death Benefit
Depending on the issuer of the policy, the accidental death benefit may extend up to a year after the initial accident occurred, so long as the accident led to the insured's death.
Accidental death, as defined in accidental death insurance policies, is any death strictly due to accident. It typically excludes such things as acts of war, death caused by illegal activities, etc. Hazardous hobbies in which the insured regularly engages are generally specifically excluded as well. In the case of a fatal accident, death usually must occur within a period of time specified in the policy.
Accidental death benefit riders should be considered for people who work in or around potentially hazardous environments, and can be used to beef up the benefit paid to beneficiaries. These riders typically end once the insured person reaches the age of 70.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
accidental death benefit — n. A payment, in addition to the compensation received by the beneficiaries of an accident insurance or life insurance policy, to be made paid if the insured suffers an accidental death. See also double indemnity. Webster s New World Law… … Law dictionary
accidental death benefit — UK US noun [C or U] INSURANCE ► DOUBLE INDEMNITY(Cf. ↑double indemnity) … Financial and business terms
accidental death benefit — a life insurance benefit, usually in the form of a rider or policy addition, under which the proceeds are payable to the beneficiary only if the insured dies by accident. [1970 75] * * * … Universalium
accidental death benefit — a life insurance benefit, usually in the form of a rider or policy addition, under which the proceeds are payable to the beneficiary only if the insured dies by accident. [1970 75] … Useful english dictionary
accidental death benefit — Provision in insurance policy encompassing death caused by sudden, unexpected, external force. Maneval v. Lutheran Bros., Del.Super., 281 A.2d 502, 506 … Black's law dictionary
accidental death — index fatality Burton s Legal Thesaurus. William C. Burton. 2006 accidental death … Law dictionary
Accidental death and dismemberment insurance — (also known as AD D) is a form of insurance covering death or specific types of injury as a result of an accident.Margaret E. Lynch, Editor, Health Insurance Terminology, Health Insurance Association of America, 1992, ISBN 1 879143 13 5] In the… … Wikipedia
Voluntary Accidental Death And Dismemberment Insurance - VAD&D — A financial protection plan that provides a beneficiary with cash in the event that the policyholder is accidentally killed or loses a certain body part. Voluntary accidental death and dismemberment insurance is an optional benefit offered by… … Investment dictionary
accidental — Happening by chance, or unexpectedly; taking place not according to usual course of things; casual; fortuitous. Norris v. New York Life Ins. Co., C.C.A.Md., 49 F.2d 62, 63; Murphy v. Travelers Ins. Co., 141 Neb. 41, 2 N.W.2d 576, 578, 579. See… … Black's law dictionary
death — noun ADJECTIVE ▪ early, premature, untimely ▪ The president s untimely death has thrown the country into chaos. ▪ sudden, unexpected ▪ immediate … Collocations dictionary