Insure For The Worst – Accidental Insurance Cover
According to a survey carried out by IIT students, road traffic accidents take toll of almost 1.2 million people a year and additionally injure or disable between 20 – 50 million people annually – worldwide. Often these accidents result in accidental death, permanent total or permanent partial disability making the affected person inefficient to carry out his responsibilities.
To be frank, we cannot avoid accidents, but, definitely we can safeguard ourselves from the unseen. Accidental Insurance Cover is the best way to assure a good life in case of such misfortune. Accidental Insurance Covers generally come under the category of Personal Accident Insurance Policy. This kind of policy covers you against accidental death, permanent Total Disablement and permanent partial disablement.
Generally one has to pay premium for a maximum of 5 years for accidental insurance cover. The amount covered depends upon the person to be insured and the policy conditions. Most of the accidental policies give an insurance cover for the death of the insured person, permanent total disablement, permanent partial disablement and carriage of the body. In case of death of the insured, the nominee is compensated with the sum insured. In case of permanent total disablement compensation is paid against the permanent and total loss of the body part. In case of permanent partial disablement, compensation is paid for the total or partial loss of mobility of body parts. Carriage of Dead Body includes reimbursement of expenses incurred for transportation of the injured persons’ dead body to the persons’ residence.
The minimum age for accidental insurance is 18 years and maximum is 70 years. One can take accidental insurance for their spouse also.
Since accidental death insurance is a sensitive matter, there are some standard exclusions – some conditions which are not covered under accidental policies. These are: self injury, participation in hazardous sport, intoxication, terrorism, war, participation in criminal act and AIDS/HIV+.
Some of the good and reputed companies too take accidental policies in lieu of their employees. Their terms and conditions, however, differ a little from the Personal Accidental Insurance Cover Policies.
Accidental Insurance is something which I think should be taken into account by more and more people. Accidents are such common things these days, one should consider it seriously…
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the song appears to be about her deceased father, Carey “extends this song about death to be for anybody ‘who just lost somebody’”. Carey believed that by making “Bye Bye” more open, “everybody could kind of be healed by the song and have their own experience listening to it.” In its review of the song, VH1 said that the song appears to be too basic for an artist like Carey, and that it was like “insurance — in case nothing else is a hit, here’s a sure-shot”. In contrast, Rap-Up.com …
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Posted by American Car Insurance on September 4th, 2009 filed in Death Insurance | 18 Comments »
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18 Responses to “Insure For The Worst – Accidental Insurance Cover”
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September 4th, 2009 at 10:12 am
Sorry, I spelt some word wrong on my other posts, that’s why I deleted them……..
My friend lost their dad not too long ago, I feel so bad for her
I love this song though
September 4th, 2009 at 10:27 am
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September 4th, 2009 at 3:04 pm
Jermaine Dupri
September 4th, 2009 at 10:04 am
Accidental Death Insurance provides very limited protection for the cost. You would be much better served purchasing a Term Life Insurance Product for the money. I advise that you sit down with a life insurance agent or financial planner that represents various companies so that they can run a Financial Needs Analysis (a review to determine how much coverage you need) and then provide you with a few options and the costs. I would also have them review if you have sufficient coverage to protect your income, i.e. Disability Insurance.
I hope this helps. Good Luck!
September 4th, 2009 at 11:11 am
There is really no difference between the two. They are both life insurance. The words "accidental death" is to entice the consumer to purchase it. It's like saying "Extra Special Life Insurance Just For You." lol.
This is how life insurance works:
You pay premiums into the policy for a certain amount of coverage. If you add "Waiver of Premium" rider to it, this will allow you to use some of the face amount in case you become disabled. If you die (natural or accidental), your beneficiary will get the face amount. If there is cash value in the policy, this will be kept by the insurance company (kind of sucks since you're the one who paid for it).
September 4th, 2009 at 1:28 pm
suzeq1206, Home insurance covers lots of different things. I'm not familiar with all the fine print of my homeowners policy, but my home insurance agent is always helpful. Try contacting your agent or a agent in your city. http://www.americaschoicetoday.com/Home-Insurance.html They should be able to help you.
September 5th, 2009 at 6:46 am
damn right she is sexyyyyyyyyyyy
September 5th, 2009 at 8:35 am
i hope you live a very happy life
September 5th, 2009 at 1:34 pm
好, I like dat!
September 5th, 2009 at 1:42 pm
Start with his employer. That is an easy contact. Then, you will have to search his apartment to find more info. Also, try checking his phone bills and bank accounts. If he was paying a premium, it would show up in his bank records or credit card statement.
September 6th, 2009 at 12:54 am
I buried my brother back in 1999 October. We gave him a 21gun salute. Every time I hear a rifle fire I think of you. Love you bro, miss you to!
September 6th, 2009 at 7:12 am
September 6th, 2009 at 4:08 pm
Contract law dictates how life insurance proceeds are distributed. This is cut and dry.
With no will, his state's intestacy laws will govern how his estate is distributed. Just search his state of residence and "intestate law" to find out what this is. Intestacy varies wildly state to state. You may want to get the help of a probate attorney who is familiar with his state's laws on this one.
September 7th, 2009 at 12:25 am
R.I.P casey. miss yu cuz.
September 7th, 2009 at 1:05 am
Huge ass at home – 1ANALTUBE(.)COM
September 6th, 2009 at 10:10 pm
You're right about the betting part but the actual premium formula is not that simple. The premium is based upon your age, gender and health conditions. The insurance companies use a table to figure the rates. For example, a 20 year $150,000 term for a 30 year old non-smoking male will run around $20-$25 per month, depending upon the company. The same person will spend around $90 – $100 per month for a Universal Life $150,000 policy.
September 6th, 2009 at 10:24 pm
I am not sure about alcohol exclusion and certainly if it is excluded somehow then they would need proof that it was the cause of death.
Furthermore an accidental death policy is frequently issued on a gauranteed issue basis with no underwritng questions, frequently part of a company benifits schedule.
if the benifit is substantial you would be wise to find an attorney that would take the case on a percentage basis.
September 7th, 2009 at 5:53 am
Rent it out and Negative Gear it. You will get some great tax deductions and if anything reduce your yearly taxable income!