Accidental Death Insurance
Why do people choose accidental death insurance coverage?
- An ADB policy offers coverage when death is the result of an accident.
- Accidental death benefit coverage from Fidelity Life is available with no medical exam.
- Coverage is available to individuals ages 20-59 and in coverage amounts of $50,000 - $500,000.
In the event of your accidental death, your family and loved ones may need substantial financial support quickly. This unique standalone product is designed to payout only if your death is the result of a covered accident, as defined by the policy terms. Coverage is on a guaranteed issue basis, which means no medical exam is required.
Accidental death benefit (ADB) coverage from Fidelity Life is a smart solution for policyholders looking to provide needed financial protections for their loved ones, and who may not qualify for other products. An ADB policy can also supplement your existing life insurance policy with additional coverage for accidental death. ADB policies may not cover certain causes of death such as death while committing a felony. Take a look at your policy terms to understand which deaths are covered.
How does accidental death benefit insurance work?
ADB works much like any other life insurance policy. You’ll start by choosing a plan and completing an application. If you’re approved, your ADB coverage will start right away.
Here’s how it works:
- Apply and buy. With Fidelity Life’s ADB products, you can choose from coverage amounts between $50,000 and $500,000. Our team of licensed agents will help you decide the right amount for your needs. With no required medical exam, the application takes just minutes to complete. As long as you’re between 20 and 59 years old, you’re guaranteed to be approved.
- Get covered. Once your policy is active, you’ll want to keep it that way. Making regular premium payments ensures that you won’t fall behind. Once you lock in your rate, it will stay the same for the entire life of the policy, which can help make budgeting easier.
- Protect your family. If you die in a covered accident, your family will receive a lump sum cash payment for the benefit amount you chose when you applied. They can use this money for anything they need, such as replacing your income, paying the mortgage, covering credit card bills and other debts, paying for your funeral or other end-of-life costs, or saving for the future.
Find an accidental death insurance policy that works for you
Who needs an accidental death benefit policy?
Accidents can happen to anyone. An ADB policy helps ensure that you and your family are financially prepared and won’t be burdened with unexpected expenses during a tough time.
Because there’s no medical exam, an accidental death benefit policy can be a good choice if you have health issues that may prevent you from qualifying for other types of life insurance.
Some reasons to consider applying for an accidental death benefit policy:
- You’ve been turned down for term life. Certain health conditions, like diabetes or a history of cancer, may prevent you from qualifying for term life or other insurance plans. Working high-risk jobs, such as construction worker or pilot, can also impact your eligibility, because there’s a higher risk of injury or death. With accidental death, you won’t have to worry about any health or occupational restrictions.
- You need coverage quickly. With no medical exam or waiting period, you can get coverage immediately. This can be an added bonus if you need insurance protection right away, like if you’re planning to take a trip.
- Affordable protection. Life insurance is more affordable than most people think, and that’s especially true of accidental death. An ADB plan costs less for the same amount of coverage as a traditional life insurance policy, since you’re only insured for a covered accident.
- You want extra coverage for your family. Even if it isn’t your primary life insurance coverage, ADB can offer much-needed protection. The pay out your loved ones receive can help them pay for funeral and living expenses, and other unexpected costs after you’re gone. You can also opt to add an ADB rider to an existing policy for extra coverage.
Your life insurance questions answered
Can I be turned down for accidental death insurance?
As long as you meet age requirements, your approval for ADB is guaranteed. At Fidelity Life, we offer coverage to anyone between the ages of 20 and 59.
How much does ADB cost?
Your rate depends on the amount of coverage you want to buy, your age, health, and other factors. In general, it’s a very affordable option and less expensive than most term or permanent life insurance policies. Talk to an agent to get a personalized quote for your own insurance plan.
What does ADB cover?
An accidental death policy will typically cover you if you die because of a covered accident or wrongful death. Types of eligible accidents may include:
Car or traffic accidents
What doesn’t an accidental death benefit cover?
ABD policies typically won’t cover deaths because of natural causes, like old age or terminal illness. Accidents that happen under the influence of drugs or alcohol; or while committing a crime; aren’t usually covered either. In some cases, an ADB policy might not cover accidents that happened in the line of duty.
Different riders can offer additional protection in specific situations, like in the case of a critical or terminal illness.
Make sure to check your policy terms; so you know exactly what’s covered.
What’s the difference between ADB and the ADB rider?
ADB is a standalone policy, which means you don’t need to have any other insurance to purchase it. Fidelity Life also offers an accidental death benefit rider, an optional feature that you can add to an existing policy, and a family ADB rider to provide extra protection for your entire family.
What’s the difference between life insurance and accidental death insurance?
Your beneficiaries will receive the death benefit from traditional life insurance if you pass away for nearly any reason. In contrast, accidental death insurance will only pay the benefit if you pass away due to a covered accident. Accidental death coverage also doesn’t accrue cash value like some permanent life insurance policies.
Why should I choose Fidelity Life for accidental death coverage?
For 120 years, we’ve been committed to making life insurance affordable and simple for people like you, by issuing life insurance policies that make sense for everyday Americans. With an A+ rating from the Better Business Bureau and an Excellent rating from A.M. Best Company, you can be confident that we’ll be there for your loved ones.
