It’s so cheap, can’t I just get this instead of Life Insurance?

If you are healthy, it’s probably not a good idea.  Term Life insurance is far more comprehensive. It will cover you (or rather your loved ones) whether you die as the result of an accident, medical condition, or just old age.

So, who should get Accidental Death insurance?

There are a handful of situations that may leave you unable to qualify for traditional Life insurance, or make it cost prohibitive. Among those who may have trouble securing Life insurance are people:

• living with cancer or other serious health conditions (including obesity, hepatitis B or C, and high cholesterol, blood pressure, or blood sugar)
• who have certain criminal records or with multiple instances of DUI or moving violations
• who need immediate coverage

AD applications ask no health questions—your acceptance is guaranteed.

I’ve heard that some people have both Term Life and Accidental Death, are they just over insured?

Term Life insurance will pay benefits in the event of your death for just about any reason. Adding on AD is a cost-effective option for someone who purchased their Life insurance when their needs, responsibilities, or health were different.  It’s also valuable for those who engage in high-risk activities like sports, travel, etc.

Okay, I get it now. But I’m still not sure if I should get it.

The fact is, your insurance needs will evolve over time, just like other aspects of your life.

One appealing feature of AD is that it can be purchased before, after, or at the same time as Life insurance—from the same company or a different company. If you’re looking to add potential value without increasing your premiums too much, it’s worth considering.