Accidents can happen to anyone unexpectedly. If you pass away due to accidental circumstances, your loved ones may not have the financial resources to remain secure, even with a life insurance policy. Even though it’s not pleasant to think about, you should be financially prepared if a tragedy occurs. That’s where accidental death benefit riders can help if you have a life insurance policy. This article will explain how accidental death benefit riders work, their differences from accidental death insurance policies, and who should consider getting an accidental death benefit rider.
An accidental death benefit rider is an optional add-on to a life insurance policy. It provides an additional death benefit if the policyholder passes away due to an accident. After your passing, the beneficiaries may receive more than the policy’s regular death benefit.1
Ask your insurer for more information about what their accidental death benefit rider covers and read the rider’s terms and conditions carefully.
Don’t wait until it’s too late. Help cover yourself and your family with affordable coverage from Aflac.
Accidental death riders and accidental death and dismemberment (AD&D) policies are two ways to help protect your beneficiaries if you pass away due to an accident. However, it’s important to be aware of some key differences to pick the right option:
Aflac offers accidental death benefit riders for life insurance policies and accidental death and dismemberment policies, allowing you to pick the best type of coverage for your needs based on the above factors.
Adding an accidental death rider to your life insurance policy can offer you several benefits:
Accidental death benefit riders pay an extra death benefit if you pass away due to a covered accident. This provides them with additional funds to help replace your income, pay off debts, and save for the future. As a result, your loved ones get extra financial security in case you pass away unexpectedly.
Accidental death riders can be easily added to your existing life insurance policy for a reasonable fee. This can make accidental death riders a simple and affordable way to protect loved ones.
Passing away unexpectedly can leave your loved ones financially vulnerable since you don’t have time to prepare for it. An accidental death benefit rider’s extra layer of protection can give you peace of mind regardless of your job or lifestyle. It ensures that your loved ones have extra financial security to replace your income and assets.
An accidental death benefit rider’s additional death benefit may be worth the investment for people in several situations:
Frequent commuting and travel can increase the risk of accidental death through car accidents and plane crashes. Other situations during travel can increase the risk of passing away while working, such as if your work involves traveling to more dangerous locations. People in these situations may consider an accidental death rider to help protect their loved ones if they pass away due to one of these causes.
Jobs such as construction, transportation, or first responders work in more dangerous conditions. There can be a higher risk of injury or death on the job. If you work in a role like one of these, accidental death riders can act as a financial safety net in case the unexpected happens.
Some hobbies, such as skydiving, bungee jumping, mountain climbing, and car racing, create an increased risk of passing away due to an accident while participating in those activities. Adding an accelerated death rider to your life insurance policy can give you peace of mind that your loved ones can receive an additional payout.
Accidental death riders cover a wide range of circumstances that could lead to you passing away early and unexpectedly. Plus, they do not increase your premiums substantially and do not require getting a new policy. This makes them an excellent way to create financial security for your loved ones and ensure that they’ll remain financially stable if tragedy strikes. Aflac offers an accidental death benefit rider that you can easily add on to one of our life insurance policies. Chat with an agent today to learn more about your options.
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1 Forbes – What to Know About Accidental Death & Dismemberment (AD&D) Insurance. Updated March 30, 2023. https://www.forbes.com/advisor/life-insurance/accidental-death-and-dismemberment-insurance/. Accessed May 18, 2023.
2 Investopedia – Accidental Death Benefit: What It Is, Examples of What It Covers. Updated June 6, 2022. https://www.investopedia.com/terms/a/accidental-death-benefit.asp. Accessed May 18, 2023.
3 No Medical Exam Quotes – 2023 Best Accidental Death Insurance AD&D Companies. Updated April 26, 2023. https://nomedicalexamquotes.com/accidental-death-insurance-add/. Accessed May 19, 2023.
Content within this article is provided for general informational purposes and is not provided as tax, legal, health, or financial advice for any person or for any specific situation. Employers, employees, and other individuals should contact their own advisers about their situations. For complete details, including availability and costs of Aflac insurance, please contact your local Aflac agent.
Life (A68000 Series) - In Arkansas, Idaho, Oklahoma, Oregon, Pennsylvania, Texas, & Virginia, Policies: ICC1368100, ICC1368200, ICC1368300, ICC1368400. In Delaware, Policies A68100-A68400. In New York, NY68100-NY68400. Term and Whole Life (B60000 Series) - In Arkansas, Idaho, Oklahoma, Pennsylvania, Texas, & Virginia, Policies: ICC18B60C10, ICC18B60100, ICC18B60200, ICC18B60300, & ICC18B60400. Group Whole Life (Q60000 Series) - In Arkansas, Delaware & Oregon, Policy Q60100M. In Idaho Policy Q60100MID. In Oklahoma, Policy Q60100MOK. In Texas, Policy Q60100MTX. Group Term Life (Q60000 Series) - In Delaware, Policies Q60200M. In Arkansas, Idaho, Oklahoma, Oregon & Texas, Policies ICC18Q60200M, ICC18Q60300C, ICC18Q60400C.
Aflac coverage is underwritten by American Family Life Assurance Company of Columbus. In New York, coverage is underwritten by American Family Life Assurance Company of New York.
Tier One Coverage
Life (Final Expense Life) - In Arkansas, Delaware, Idaho, Oklahoma, Oregon, Pennsylvania, Texas, & Virginia, Policies ICC21-AFLLBL21 and ICC21-AFLRPL21; and Riders ICC21-AFLABR22, ICC21-AFLADB22, and ICC21-AFLCDR22.
Tier One coverage is underwritten by Tier One Insurance Company.
Coverage may not be available in all states, including but not limited to DE, ID, NJ, NM, NY or VA. Benefits/premium rates may vary based on state and plan levels. Optional riders may be available at an additional cost. Policies and riders may also contain a waiting period. Refer to the exact policy and rider forms for benefit details, definitions, limitations and exclusions.
Aflac’s family of insurers include Aflac, Aflac New York, Continental American Insurance Company, and Tier One Insurance Company.
Aflac WWHQ | Tier One Insurance Company | 1932 Wynnton Road | Columbus, GA 31999.
Aflac New York | 22 Corporate Woods Boulevard, Suite 2 | Albany, NY 12211