You may want to add an accidental death benefit rider to your life insurance policy to provide extra protection for your beneficiaries in case of a serious accident. Of course, it’s difficult to predict when accidents will happen. That’s why adding an accidental death benefit rider to your policy can give you and your family more financial security in a worst case scenario.
Though the accidental death benefit rider can be beneficial for anyone, it’s especially useful for people at a higher risk of accidents, including workers in high-risk occupations. People in high-risk occupations can include construction workers, airplane pilots, first responders, and more.
An accidental death benefit rider extends your life insurance benefits to include an additional payout if you die as the result of a covered accident or within 90 days of that accident. If this happens, your family will receive a lump sum cash payment based on the coverage amount of your policy and your rider.
Your family 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. A Fidelity Life accidental death benefit rider is available for individuals ages 20 to 65 and offers coverage between $50,000 and $300,000.
The accidental death benefit rider insurance is a guaranteed issue product, so you can get it without a medical exam. Full benefits are paid until age 70 and then are reduced to 50% of the face amount until the policy expires at age 80. For additional peace of mind, you can extend coverage to spouses and dependent children through Fidelity Life’s riders.
If you’re looking for a policy that specifically pays out in the case of an accident, the main alternative to accidental death riders is the standalone accidental death benefit policy. This policy is available to most people who need affordable protection and coverage for themselves and their family.
As an alternative, some people opt for term life insurance instead of an accidental death policy, since just 6% of all deaths in the U.S. are accidental. So, it’s much more likely that you’ll die of natural causes, which wouldn’t be covered by an ADB policy or rider. Term life often includes a medical exam and comes with more qualifying criteria than ADB, which is why some people go the ADB route instead. Fidelity Life has a wide range of options available to meet a variety of needs, even if you’re not in perfect health.
If you’d like help deciding which life insurance option makes the most sense for you and your family, talk to a Fidelity Life insurance agent about your options.
Wondering about the differences between an ADB rider and a standalone ADB policy? Here’s a closer look at the two types of coverage.
An ADB policy and an ADB rider generally cover the same things: a covered accidental death or a covered death within 90 days of an accident. An accidental death benefit generally covers accidents like car crashes, falling from a building while working in construction, being crushed to death by machinery, and other instances that are fatal and clearly accidental. In some cases, ADB may cover severe injuries as the result of an accident. Refer to your life insurance policy or ask an agent to understand precisely what’s included with your coverage.
Accidental death generally includes car crashes, falling to your death from a building while working in construction, being crushed to death by machinery, and other instances that are tragically fatal and clearly accidental. Your life insurance policy will clearly lay out the terms of what’s included in the accidental death definition.
If you have any questions about specific incidents that occur at your workplace or general questions about accidental death insurance, please reach out to a Fidelity Life agent for answers. They can also assist you in choosing the best products to protect you and your family.
The accidental death benefit option includes a covered accident. Depending on your policy, ADB policies may also provide a benefit if you have a traumatic injury, like dismemberment or loss of sight. Accidental death insurance is designed to pay out if your death is a covered accident, as defined by the policy terms.
Yes, there is a difference. Fidelity Life offers our Accidental Death Benefit standalone policy. It is available to people between the ages of 20 and 59 years of age and with coverage options between $50,000 and $300,000.
Like the rider, this standalone accidental death benefit policy only pays out if death was
An ADB rider may be added to our RAPIDecision® Senior Life Term or RAPIDecision® Senior Whole Life policies.
If your job requires you to operate heavy machinery or drive more than average, you may consider an ADB rider to increase the payout to your beneficiaries in case of accidental death. However, any individuals ages 20 and 65 who are looking to provide supplemental coverage for their loved ones may decide to add an ADB rider from Fidelity Life.
Accidental death is defined as any death strictly due to a covered accident or resulting from injuries caused by the accident within 90 days. Some restrictions apply to accidental death benefit payouts, mostly in regard to reckless or illegal behavior. Examples of restrictions may include death related to (and may vary by state):
As long as the premium is paid, the policy is in force and your coverage remains fully intact. If you have a term life insurance policy from Fidelity Life, your accidental death benefit rider lasts as long as your term.
Fidelity Life is committed to helping you find the right life insurance. For more than 100 years, we’ve been helping everyday people like you get the life insurance you need and the peace of mind you deserve. Our mission is to work with you throughout your life. Whether just starting out, raising your children, or getting ready to enjoy retirement, we design products with families like yours in mind.
You can feel confident we’ll be there for your loved ones because we carry an A+ rating from the Better Business Bureau as well as an A- rating (Excellent) from A.M. Best Company, the oldest and most widely recognized provider of ratings for the insurance industry. Our commitment to our customers, and their families, shows up in our innovative products and our top-notch customer service.
If you are interested in an accidental death benefit rider from Fidelity Life, it can be added to our RAPIDecision® Senior Life Term or RAPIDecision® Senior Whole Life policies.
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