The Value of Accidental Death Coverage

The Value of Accidental Death Coverage

Some deaths are expected. Following months or years of illness, an expected death may even come as a relief that ends the suffering of the now deceased and allows his or her survivors to come together and celebrate the deceased’s life. Other deaths are sudden; the result of an accident that no one could have prepared for. These deaths take life much too soon and leave the deceased person’s family reeling.

An accidental death and dismemberment rider increases your life insurance policy’s death benefit in the event that your death is caused by an accident. This additional benefit can’t stop the pain your family would feel if they lost you suddenly, but it could help them deal with the sudden an unexpected financial loss.

Accidental Death

You have built a life for your family based on the income that you presently make and that you expect to make in the future. Without the means to replace that income after your death, your family may be in deep financial trouble. While your existing life insurance policy can help clear up some of this strain, the additional benefit found in an accidental death rider could ensure that they are able to meet obligations that you did not anticipate when you initially took out the policy and set the death benefit. In addition, it can help them get the grievance counseling they need to move past the emotional strain of your death and the resulting anxiety.

Accidental death riders do have exclusions that you should read. In order to qualify for the payment of benefits, the death must be the result of an accident. Some deaths caused by events such as acts of war, may be excluded.

Dismemberment

AD&D riders provide a percentage of your death benefit to you, rather than your beneficiaries, should you suffer the loss of a limb, your sight, or your hearing (see your policy for exceptions and details). Having access to a portion of your death benefit can be extremely helpful in assisting your family to adjust to this loss and the medical costs it creates. It can also help fill the gap between the date you experience the loss and the waiting period of your disability policy. 

If you’re interested in learning more about how an accidental death and dismemberment rider can help you and your family be protected against an early, unexpected loss, give us a call. 

At Reliable Insurance, we have been serving Texas since 1996. We specialize in Texas Life Insurance as well as home, business and car insurance in Houston, Katy and surrounding areas in Texas. Contact us today at (713) 227-7283 for questions or to get a free Texas Life Insurance quote.

The Role of the Insurance Adjuster

Insurance has a fairly simple purpose: help make policy holders financially whole, up to the limits of the policy, after losses experienced during an insurable event.

While the goal of insurance is simple, its execution doesn’t always follow the same clean lines. After all, to control insurance costs you have a limit on your policy that spells out the maximum benefit you can receive. You will also have deductibles which are out-of-pocket requirements that you must meet, and finally, there is a process of examination that can follow a claim in order to ensure that everything works accurately and appropriately based on the loss you suffer.

When you submit a claim to an insurance company, your insurer owes it to all of their clients to investigate each claim. They do this for several reasons. First, they want to verify the incidents behind the loss. This helps ensure that the incident was insurable under the policy contract. Next, they want to determine the extent of the damages. This assures your carrier that they’ve awarded you the amount you deserve in order to be made whole after a qualifying insurable incident.

An insurance claims adjuster is the individual who works in the role of investigator. He or she may interview witnesses, review records, and even come out to the location of the incident to explore the damages. This can be an especially helpful exercise as the adjuster may meet with you, at the incidents location, to go over details. This may prompt you to remember items you otherwise would have forgotten...

Contact us at (713) 227-7283 to learn more about Houston auto insurance as well as home, business and car insurance in Houston, Katy and surrounding areas in Texas, or continue reading "The Role of the Insurance Adjuster"