Coverage alternatives to accidental death 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.
Comparing accidental death riders vs. policies
Wondering about the differences between an ADB rider and a standalone ADB policy? Here’s a closer look at the two types of coverage.
How To Buy
You can buy a standalone ADB policy without purchasing other types of coverage, which can make it a good fit for people who may not qualify for a traditional term or permanent life insurance. As long as you’re between 20 and 59 years old, you’re guaranteed to be approved. With no required medical exam, the application takes just minutes to complete. Fidelity Life’s ADB policies offer coverage amounts between $50,000 and $300,000.
With an ADB rider, you’ll add the coverage to a life insurance policy to provide extra protection. If you die because of an accident, the rider will provide an additional payout. When shopping for life insurance, your carrier can let you know which policies include the option to add an ADB rider.
What It Covers
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.