Accidental Death Insurance
What is Accidental Death Insurance?
Accidental Death Insurance pays a tax-free benefit of up to $250,000 to your loved ones if you die as a result of injuries caused by a covered accident (not due to an illness).
How does Accidental Death Insurance help?
Loved ones can spend the benefit to help cover funeral and burial expenses, assist with paying off debts, or any other way they choose. It’s a step towards addressing financial concerns that would arise in the event of your accidental death.
What benefits are provided?
- Tax-free benefit of up to $250,000 if you were to die as a result of an accident
- Receive double the benefit (up to $500,000) if the accidental death happens while you are travelling on a common carrier (e.g. airplane)
- A 1% Anniversary Bonus of up to $2,500 is added to your original coverage each year