What is Double Indemnity for Life Insurance?

Double Indemnity refers to a form of accidental death coverage on a life insurance policy.

Typically, an accidental death benefit is provided in an amount equal to the amount of life insurance provided by a life policy.

For example, if the death benefit of your life insurance policy is $100,000, the accidental death benefit would be $200,000.

That's why an accidental death benefit is often referred to as "Double Indemnity."

However, the accidental death benefit is usually only available when you apply for your life insurance policy and is added to the policy by rider for an additional premium.

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