What does 'accidental death benefit' cover?

The term "accidental death benefit" specifically refers to the provision in a life insurance policy that offers an additional payout to beneficiaries in the event that the insured's death results from an accident. This coverage serves to enhance the financial protection provided by the policy, recognizing the unforeseen nature of accidental deaths.

The rationale for this benefit lies in the understanding that accidental deaths may involve unique circumstances or financial implications that justify a higher compensation. Essentially, if the insured passes away due to an accident, their beneficiaries receive both the standard death benefit and the additional accidental death benefit, resulting in a larger total payout.

This option aligns with the intent of accidental death benefits, making it a crucial feature for those wishing to secure extra financial support for their loved ones in such unfortunate scenarios.