Accidental death life insurance and regular life insurance are very different forms of coverage in the DFW area. As a resident of Coppell, Texas, you want to understand the differences between the two forms of coverage to determine the best solution for your needs or the needs of your family.
Accidental Death
An accidental death policy is related specifically to the conditions that caused death. It will only provide funds if the death occurred as a result of an accident. For example, if you or a loved one died in a car accident, then the beneficiary on the account would obtain the funds. If the death was related to a health condition or the cause of death was not an accident, then the funds are not provided to the beneficiary.
Accidental death policies are best when you are very young and you have excellent health. Since the risk of dying is low, it will provide some peace of mind in case an accident occurs that causes your death or the death of a loved one.
Regular Life Coverage
Life insurance that is not related to accidental death is a regular policy. Your beneficiary is paid if an accident, health condition or other problem causes your death. Depending on whether you select a term or whole-life policy, the specific details of your coverage will vary slightly.
In the case of regular coverage, the cause of death does not impact the funds in Coppell,Texas. The downside is that the coverage will cost more than an accidental death option. You might also be limited in the amount of funds provided.
Selecting the right type of coverage will depend on your specific situation. If you are not sure about the right type of coverage for your needs, contact us today to talk to an independent agent.
