{"id":128653,"date":"2020-09-18T19:12:21","date_gmt":"2020-09-18T19:12:21","guid":{"rendered":"https:\/\/fidelitylife.com\/?p=128653"},"modified":"2020-09-18T19:12:21","modified_gmt":"2020-09-18T19:12:21","slug":"accidental-death-vs-term-life-insurance","status":"publish","type":"post","link":"https:\/\/staging03.wordpress.fidelitylife.com\/?p=128653","title":{"rendered":"Accidental death vs. term life insurance"},"content":{"rendered":"

Trying to decide between term life versus accidental death benefit plans? Both offer coverage that can help protect your family, but with some important differences. Here\u2019s what to consider to make sure you\u2019re covered when it matters.<\/p>\n

What\u2019s the difference between accidental death and term life insurance?<\/h2>\n

The basic idea behind life insurance is to create a financial cushion for your dependents after you’re gone. If you die with an active life insurance policy, your loved ones will receive a cash payout for the benefit amount you choose, which they can use however they wish. When it comes to term life vs. accidental death benefit policies, there are some important differences to keep in mind.<\/p>\n

Term life insurance policies keep you covered for a specific period of time. With Fidelity Life, you can buy policies that last from 10 to 30 years. These plans pay a benefit for any covered cause of death, which typically includes natural causes, most illnesses, and accidents. Check your specific policy terms to understand what\u2019s covered and what\u2019s not.<\/p>\n

Accidental death benefit (ADB) policies,<\/a> on the other hand, only pay out if you die because of a covered accident. Most providers have a list of ineligible incidents that causes your policy to not cover death, like accidents that happen under the influence of drugs or alcohol. Depending on your policy, ADB policies may also provide a benefit if you have a traumatic injury, like dismemberment or loss of sight.<\/p>\n

Since just 6% of all deaths in the U.S. are accidental<\/a>, it\u2019s much more likely that you\u2019ll die of natural causes, which wouldn\u2019t be covered by an ADB policy. Term life might seem like the easy choice, but accidental death could be a better fit, depending on your situation. Be sure to determine your needs and weigh the pros and cons of term life insurance vs. accidental death coverage before you make a final decision.<\/p>\n

Is term life or accidental death benefit insurance right for me?<\/h2>\n

For most people, term life is the best fit because:<\/p>\n