 Should we be penalized for another's health insurance usage? |
| Our health insurance rates are increasing another 25% (went up 15% last year, 5% year before). Enough employees were concerned to inquire, "why all the increases?" The company explained due ... |
|
 Should I put my husband on my dental/health insurance if he already has his own insurance? Does it matter if? |
| we are on each others insurance? He says it doesn't cost him anything for his so why should he cancel it. I just don't want some big discrepancy between the insurance companies when ... |
|
 Does it make sense for a wealthy person to pay for health insurance or just invest their money & pay for? |
| health needs of the interest of their money? Please, no junktastic answers. Only if you have true knowledge in finances. Thanks so much. :D... |
|
 Time to get life insurance during economic crisis? |
Would it be a good time to get life insurance during financial and economic crisis? Because i heard a lot of people talking about getting life insurance.
T... |
|
| What do financial advisors think about universal life insurance? |
Additional Details
I was looking at MetLife Guarantee Advantage Univeral Life, and i was looking at buying it directrly from the agent not thru a fee only ... |
|
 Term mortgage insurance.Who gets the house? |
| Im thinking about getting mortgage insurance on my home. This is my first home and i dont have it mortgage insur. now. How much does term mortgage insur. normally run and who gets the house if i pass ... |
|
 Insurance: The Ultimate Gamble? |
My hubby and I debate this all the time, he wants to insure everything we own. I say it is like betting against yourself.
You are betting you are unfortunate and have an accident, or ... |
|
 Is it customary to make a check out to an insurance broker (instead of the insurance company)? |
| I am applying for personal liabiility insurance for private educational consulting and the application says to make the check out to the broker...that seems weird to me...does anyone know?... |
|
 Why do parents get life insurance on their children? |
Additional Details
blonde--certainly children have lives too, but seeing as how life insurance on a child doesn't insure that they keep life, i don't understand the offensive ... |
|
 What type of life insurance do you recommend??? |
| I am male, 37, non smoker, 3 kids, working wife, make about 72,000 a year.... |
|
 Do I need public liability Insurance ? |
We are starting a service that matches companies to website designers. Its an online service.
Theoretically there could be issue between the companies meeting through our service. Would we ... |
|
 I am currently medically insured through my husband's company, my new job offers free insurance.? |
Hello and thanks in advance.
I currently have medical insurance thru my husband's company. I just started a new job and they offer free medical insurance to their employees (not their ... |
|
 What type of Life Insurance is best for my husband and I? (We just purchased a home, we are both 23 years old) |
| My husband and I are both 23 years old and we just purchased a home. We have been under pressure from our Insurance Agent and our Mortgage broker to obtain Life Insurance in case something happens ... |
|
 Do you know anybody who has faked a burglary to claim insurance? |
| did they get away with it. i know someone who did, should i have told insurance company.... |
|
 COBRA Insurance question? |
| My wife currently carries our family insurance with her company. We were wanting to have another baby on her insurance and she is wanting to quit working in Jan. If that is the case we would ... |
|
|  |
Sweetask | What is the difference between accidental death life insurance and regular life insurance? |
What is the difference between accidental death insurance and regular life insurance? Which is a better buy? Wouldn't all deaths (excluding illnesses) be accident? If you only buy life insurance and don't include accidental death insurance then what is usually excluded? Thanks!!!
(I know its different for every insurance company, I am just wondering what generally the outcomes would be) |
 |
 
Doing the Right Thing
|
There is really no difference between the two. They are both life insurance. The words "accidental death" is to entice the consumer to purchase it. It's like saying "Extra Special Life Insurance Just For You." lol.
This is how life insurance works:
You pay premiums into the policy for a certain amount of coverage. If you add "Waiver of Premium" rider to it, this will allow you to use some of the face amount in case you become disabled. If you die (natural or accidental), your beneficiary will get the face amount. If there is cash value in the policy, this will be kept by the insurance company (kind of sucks since you're the one who paid for it). |
|
Kevin C
|
AD&D - Accidental Death and Dismemberment is usually sold as a rider on a Life policy. If you die in an accident it will pay a percentage more (usually 2 to 3 times higher) than the face value. A lot of the free insurance issued by banks, etc. are AD&D policies. |
|
Dax
|
Accidentaly only covers accidents. If you die in a car wreck, an object falls on you, etc. Illness isn't included.
Straight Life Insurance is better as it will cover everything except suicide and they will have some terms that you have to agree to. Ie it may exclude things like sky-diving. It will have few exclusions.
Usually people buy normal life insurance with an accidental death add-on aka rider. If you die normal, you get 100% of your payout. If you die via accident they will pay some multiple of your policy ie 2x the normal payout.
Realistically though, what are the odds you'll die of an accident? Its like playing lotto if you ask me. Buy the amount you need to protect your family with a regular policy. I recommend term as it is the most cost effective.
There are many sites like insure.com and matrixdirect.com that offer excellent brokerage services to find you the best, cheapest policy. |
|
Financial Answer Guy
|
Obe is an idiot. Cynthia is just wrong. Most of the middle answers got it right. Accidental death is cheaper because the insurance company is much less likely to have to pay a death benefit. As stated before, reading the fine print of an AD&D policy or rider is very important because they will define what constitutes death by an accident, usually even down to how long you live beyond the occurence of the accident. In other words, if you are in an accident, but live on in a coma for a month or two, your accidental death policy might not pay a benefit. Also, if you are in a car wreck, for example, and end up in the hospital but then get an infection and die, too bad. Typically, you have to die as a direct result of an accident and within 30 days or so of the accident in order for the policy to pay. |
|
Kaytee
 |
Accidental death insurance pays only if the insured person dies in an accident,
Regular life insurance pays when the person dies of any causes, accident or illness.
The first one is very cheap, because accidental death is highly unlikely. Regular life insurance costs more, and for several more dollars they even offer to double the payment if the person dies accidentally.
If you have a family and dependents, you should buy regular (like term) life insurance. |
|
funkid125
|
accidental death life insurance , will cover accidents
Normal dosent |
|
curiositycat
 |
Accidental life pays only if you die by an accident. Read the policy to know what the definition of an accident is in each policy.
Regular life pays no matter how you die, unless it has exclusions in it for war, suicide, or "acts of God"-also different in each policy. |
|
psycmikev
 |
If you died from natural causes, you would not recieve any money from an accidental policy. Whereas a regular policy pays for everything but an act of war, much better way to go. If you engage in a lot of risky endeavors though, you might want both, accidental are usually cheaper,since they only pay out in certain cases, and your loved ones would then get more, double policies. |
|
jaydragon0
|
accidental death only pays off if an accidental death...regular life insurance pays off on any type of death,minus whatever policy restrictsions are in place. |
|
Laura H
|
answered your own question - illness cover only or illness and accident |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
10 | 21 minutes(s) ago
| | | |
10 | 23 minutes(s) ago
| | | |
10 | 44 minutes(s) ago
| | | |
10 | 46 minutes(s) ago
| | | |
11 | 2 hour(s) ago
| | | |
10 | 4 hour(s) ago
| | | |
9 | 9 hour(s) ago
| | | |
10 | 10 hour(s) ago
| | | |
8 | 2 day(s) ago
| | | |
10 | 5 day(s) ago
| |
|
Homepage 
Financial
Forum 
Insurance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
