Term Life Insurance vs. Accidental Death

How does a term life insurance policy compare with accidental death insurance and what are the differences?

A term life insurance policy provides life insurance coverage for a set num,her of years, just as an accidental death policy does.

However, an accidental death insurance plan only pays out a death benefit if you die as a result of an accident, and within a certain period of time of the accident occurring; such as, within 6 months.

Whereas, a term life insurance policy pays out a death benefit for death resulting from accidents and natural causes.

Many people choose to buy accidental death insurance to supplement other life insurance plans they own, because they have high risk jobs or take part in high risk activities.