Accidental Death Benefit Rider: Do You Need It With Term Insurance?

term insurance accidental death benefit rider life insurance

L'essentiel

An accidental death benefit rider offers an additional payout if death occurs due to an accident, complementing a term insurance policy.
It's an optional add-on, not a replacement, and is particularly recommended for those in high-risk occupations or frequent travelers.
Prioritize increasing base term cover if existing life insurance is insufficient.

Résumé généré par IA

Taille de police

An accidental death benefit rider offers an additional payout if death occurs due to an accident, complementing a term insurance policy. It's an optional add-on, not a replacement, and is particularly recommended for those in high-risk occupations or frequent travelers. Prioritize increasing base term cover if existing life insurance is insufficient.

Read the full article on Economic Times

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This article was originally published by Economic Times.

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