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Accidental Death Insurance (The 5 Absolute Best Policies)

Accidental Death Insurance is a low-cost alternative to life insurance. It is a way for people who might otherwise be declined or worry about being rejected for traditional life insurance. Keep in mind there are a handful of life insurance policies which will approve anyone.

Accidental death insurance policies are also a cost-effective means to add extra financial protection along with a traditional life insurance policy.

You also commonly see this called accidental death and dismemberment. The shorthand for this type of policy is AD&D, AD, or ADB insurance.

Keep in mind that some accidental death policies do not provide benefits for dismemberment, like loss of limbs or vision. It’ll depend on your policy.

Accidental death insurance provides an inexpensive safety net for your family. Not only will you be insured from death as a result of an accident, but many policies also extend coverage to your spouse and children.

The biggest benefits of accidental death insurance are that it’s easy to qualify for and inexpensive.

Accidental Death Insurance Benefits

If you have been declined or worry about rejection for life insurance, an accidental death policy may be a good option.

Easy Application and Guaranteed Approval

Accidental life insurance is easy to obtain. Many companies can offer same day approval or approval in as little as 48 hours.

No Medical Exam

Another benefit of accidental life insurance is that there is no medical exam. Many companies will not even ask health or occupation questions.

Some companies ask a few health questions. Others will also ask you about your occupation. Your best bet is to speak with an independent life insurance agent who is not bound to any one company.

Accidental Death Insurance is Inexpensive

is accidental death and dismemberment worth it
Accidental death insurance doesn’t replace a life insurance policy, but sometimes it’s a more reasonable option than a guaranteed issue policy.

You will be surprised at how inexpensive accidental death insurance is. For just pennies a day, you can get coverage ranging from $50,000 to as high as $500,000. Most insurance companies also guarantee that premiums will never increase.

Unlike life insurance, the cost of AD&D depends on how much you buy, not your health. Companies charge X dollars a month per $1,000 of benefit.

We included some sample premiums toward the bottom for the most common benefit amounts. Just scroll down until you see the tables.

In some cases, someone may not be in a position to purchase life insurance (which covers natural causes in addition to accidents.) AD&D is a good alternative if you can’t qualify or can’t afford traditional life insurance.

Other families chose to use AD&D to supplement their life insurance policies. It costs much less than additional life insurance.

Comes with Riders and Additional Coverage

Most accidental death policies offer coverage for your entire family. You can also receive additional death benefits above and beyond the face value if you die in an auto accident or public conveyance.

Insurance riders are also available to enhance your protection such as a ROP Rider (Return of Premium), Waiver of Premium Rider, Total Disability Rider, Disability Income Rider, or Family Accidental Death Rider.

Top 5 Accidental Death Insurance Companies

We have compiled a breakdown of the top 5 insurers which offer accidental life insurance including:

  • Assurity
  • Gerber
  • Fidelity
  • Mutual of Omaha
  • Lloyd’s of London

Below, we break down the accidental death insurance policy features and available riders for each company.

Assurity Life Acci-Flex Accidental Death Benefit Insurance

Assurity accidental death insurance

Assurity’s ADB policy provides coverage if you die as a result of an accident. Acci -Flex protects you 24 hours a day, seven days a week, on or off the job.

The premiums stay level for the length of policy, which you can renew up to age 75.

The Assurity makes their application process a breeze. It only has one health question and no medical exam.

Product Features

One of the most impressive features of the accidental death insurance offered by Assurity Life is their rapid application. When you apply through an e-application (completed with a 10-minute phone call), your application (as long as you are qualified) will be approved usually the same day. Paper applications will be turned around in 2 days.

The various coverage benefits and options for Accidental life insurance under Assurity include:

  • Issue Ages – 18 to 60
  • Issue Amounts – $50,000 to $350,000
  • Premiums – level and guaranteed renewable to age 75
  • No medical exam

Optional Riders

The Assurity ADB policy also allows you to choose from a variety of additional coverage riders. These require an additional premium and include:

  • Accidental Disability Income Rider – This rider covers accidents only and provides a monthly benefit if you become totally disabled as a result of the accident. ADR benefits begin after 90 days of total disability and continue for up to two years while you are totally disabled
  • Return of Premium Rider – Allows you to have a percentage as high as 100% of your premiums refunded when the policy expires

Gerber Life Accident Protection Plan

Gerber Accidental Death Insurance

The Gerber Life Accident Protection Plan provides accidental death and dismemberment coverage every day – 24 hours a day.

The main benefits of this coverage include:

  • Guaranteed Approval – no medical exam or health questions
  • Rates will never increase
  • Benefits begin the first day and never decrease
  • Premiums depend on the amount of coverage and NOT the age of the insured
  • Qualify regardless of health or occupation
  • No Waiting Period

Additional Features of Gerber Life Accident Protection Plan

Gerber’s AD&D policy varies by state. Some states have different age and benefit limits than others. The following guidelines are accurate for most states.

The face amounts range from $50,000 up to $250,000.

Applicants must be between 18 – 69 years of age.

Coverage for Your Family

Your spouse and dependent children are also eligible for coverage.

Your spouse can receive up to 100% in coverage. Each child (up to age 17) is also eligible to receive up to $25,000 in coverage.

Fidelity Accidental Death Benefit (ADB) Policy

Fidelity Accidental Death Insurance

The Fidelity ADB policy will pay the benefit as a result of a death which occurs within 90 days of an accident.

The ADB policy is a guaranteed issue policy. There are no medical questions. Plus, most applications receive approval within 24 hours.

The policy will pay full benefits until age 70, after which benefits decrease by 50%. They will remain at this level until the policy expires at age 80.

You also have additional coverage for vehicle and travel accidents.

Auto Safety Benefits – will provide an additional 10% of coverage should death occur while the insured was operating or riding as a passenger. Insured must be wearing a “properly fastened, and originally factory installed seat belt” when the death occurs.

Travel Accident Benefits – Will pay an additional 100% for any accident where the insured dies while a passenger on a public conveyance operated by a common carrier to transport for hire.

Policy Features

Fidelity’s ADB policy is available to anyone between 20 and 59 years of age. Coverage benefits range from $50,000 – $300,000.

Riders Available

Additional coverage options are available through riders for an extra premium. The riders available include:

  • Return of Premium – Will allow the insured to receive a percentage of their premiums back when the policy rider expires.
  • Inflation Rider – Will automatically increase the policy death benefits. Will automatically increase benefits by 5% of the initial policy between policy years 2-6 and will remain level after that.
  • Family Accidental Death Benefit Rider – Can provide additional benefits for both your spouse and dependent children.

Additional Fidelity ADB Benefits

  • Spouse and Dependent Children Benefit – Will provide extra benefits to the beneficiary due to the accidental death of an insured spouse and children.
  • Spouse Double Tragedy – Should both the spouse and insured die because of an accident within the same 24 hour period, the spouse coverage will increase to 100% of the base benefit.
  • College Fund Benefit – Will provide an additional 10% of the base policy benefit for each child between ages 15 -22 years of age.

Mutual of Omaha Guaranteed Advantage Accidental Death Insurance

Mutual of Omaha Accidental Death Insurance

Mutual of Omaha offers guaranteed coverage with their Guaranteed Advantage Accidental Death Insurance. Guaranteed coverage means they cannot turn you down for a policy when you apply.

This policy is also a form of simplified issue, which means:

  • No medical exam
  • No medical questions
  • No occupation information

Policy Features

You are eligible to apply for this policy if you are 18 – 70 years of age. Accidental death benefit coverage is from $50,000 – $500,000.

  • 24 hour all accident coverage
  • With the election of family coverage, spouse coverage is 100% of the coverage amount while coverage for children is 20%
  • Common carrier benefits will pay double the accidental death benefit if death occurs while riding as a fare-paying passenger on a common carrier such as a boat, bus or airplane
  • Auto/Pedestrian benefit pays an additional 25% of the accidental death benefit if insured is killed while driving or riding in a private automobile or if struck by an automobile on a public street or highway

Family Coverage Options

Your spouse is eligible for coverage if he/she is age 18-70 and may remain on the policy until age 80.

You can also extend coverage to unmarried dependent children under age 19 or until age 23 (if they’re a full-time student at an accredited college or university).

Return of Premium Rider

For an additional premium, you can also add a Return of Premium (ROP) rider. This feature allows you to receive a percentage of any premiums you have paid at the time of cancellation.

Lloyd’s of London – Specialized Accidental Death and Dismemberment Plans

Lloyd’s of London is a non-tradtional carrier. They can offer products for people who normally would struggle to get coverage.

Anything specialized tends to go through them.

Accidental Death & Dismemberment Insurance over $500,000

The largest AD&D policy you can get through traditional insurers has a $500,000 face amount. That’s through Mutual of Omaha. Other insurers have lower limits.

However, non-traditional insurance doesn’t follow normal guidelines. Non-traditional types of insurance act as backup plans if what you’re after isn’t available on the market.

In this case, you can get up to $100,000,000 in coverage.

The Lloyd’s plan also covers exceptional circumstances that traditional accidental death policies don’t, such as:

  • War zones
  • Terrorism
  • Car racing or other motorsports
  • Mountain climbing or other extreme sports

They don’t cover every type of hazard (like war, declared or otherwise) in their standard plan. You have to request coverage for any concerns like that.

Again, because it’s non-traditional, you’ll have to call to get a quote specifically tailored to you and what scenarios you want covered.

Accidental Death Insurance For 71 And Over

Once you reach age 71, traditional life insurance companies won’t issue accidental death policies anymore.

You’ll have to take a non-traditional route.

Regulatory authorities have different guidelines for non-traditional insurance companies. These insurers have a little more flexibility with the rules.

Meaning they can offer a broader range of coverage in more scenarios.

Lloyd’s of London (a non-traditional company out of England with US distributors) offers accidental death policies to anyone over 70. They do cost a little more, but they’re also the only option for anyone 71 or older.

Accidental Death Coverage for Private Pilots

Traditional AD policies do not cover private pilots. Commercial airline pilots are the exception to this rule.

However, if you have a pilot’s license or run a small, private operation, you can still get accidental death. You’ll need to go through Lloyd’s of London.

Since their quotes are always custom, here’s the information you’ll need to see what your rates would look like:

  • Total hours flown
  • Hours flown in the last 12 months
  • Hours expected to fly in the next 12 months
  • Type of pilot license and rating
  • Type of aircraft
  • Do you fly for hire?
  • Occupation

Because they’re a super specialized carrier, you can’t get rates through the instant quotes tool. You’ll have to call in (888) 905-0333 with the above information.

Sample Accidental Death Insurance Premiums

We mentioned before premiums are lower than most life insurance.

Below are the two most popular benefit amounts for a handful of ages. The charts show monthly rates.

AD Sample Rates – Men$100,000$250,000$500,000
Age 25$11$26$64
Age 35$11$22$64
Age 45$11$20$64
Age 55$11$23$68

AD Sample Rates – Women$100,000$250,000$500,000
Age 25$8$14$36
Age 35$8$14$36
Age 45$9$15$36
Age 55$10$17$44

Abrams Insurance Solutions Offers Low-Cost Accidental Death Insurance

When shopping for accidental death insurance, it’s smart to use an independent life insurance agent like the ones here at Abrams Insurance Solutions.

Our agents can access over 70 of the best-rated life insurers in the industry. If you are afraid you might be declined for life insurance or companies rejected past applications, then accidental death insurance can provide the coverage your family needs.

We understand that it can be challenging to find the right product and at an affordable price. We can help you find the perfect accidental death insurance coverage because we know all the coverage options and rates which can vary from company to company.

The independent agents at Abrams Insurance Solutions can perform the comparison shopping for you to save you time and money.

We won’t stop shopping the market for you until we find you the best policy and the lowest rates.

Do you have any questions about Accidental Death Insurance that we didn’t answer? Give us a call at 888-905-0333, and we will get you the information right away.