Life Insurance Houston Texas TX
Reader’s Question:
Is the accidental death covered in life insurance in Houston Texas, TX?
Andrea
Houston Texas, TX
Usually, accidental death is covered in life insurance policy. In fact, it is more favorable in a sense that the face amount becomes doubled. This is what is called double indemnity that life insurance companies follows when paying death due to accidents. For instance, if your life insurance death benefit is worth 300,000 dollars, your beneficiaries will receive 600,000 dollars if death was due to accident.
Some life insurance products do not cover accidental death. But you can always add this provision in the policy through its rider. A rider is a modification of the contract that adds more provision. Since there is added benefit, there is consequently an increase in premium. The increase in the premiums differ based on the face amount and the the type of product presented to you.
However, today, most life insurance companies already incorporate accidental death in most of its life insurance policy. And surely, you can find these products in Austin, Texas. To ensure that you get the needed life insurance in Austin, TX for cases of accidents, check on the products that are sold to you by the life insurance agents. It is best to ask about accidental deaths on life insurance products.