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Accidental Death Benefit |
Also found in: Acronyms | 0.01 sec. |
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A provision of a life insurance policy stating that if the insured—the person whose life has been insured—dies in an accident, the beneficiary of the policy—the person to whom its proceeds are payable—will receive twice the face value of the policy. The insurance company that is liable for the payment of such a benefit will conduct a thorough investigation into the cause of death of the insured person before paying the claim. Another name for an accidental death benefit is a double indemnity clause. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| This includes medical, dental, life, disability and accidental death benefit programs along with Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), Defined Benefit Pension Plans and Defined Contribution Plans Accidental Death Benefit - provides for an additional death benefit amount in the event of accidental death. This policy also has a $200 accidental death benefit. |
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