An unexpected death may also cause financial and emotional stress for the survivors. Insurance companies offer an accidental death rider, or double compensation, for most life insurance policies. This provides a benefit on top of the death benefit associated with the policy, in the event of an accidental death.

StateTrust Life & Annuities offers an Accidental Death Benefit (ADB) rider in all its life insurance policies, in case the insured party dies in an accident that occurs before the age of 65. The beneficiary receives a benefit for accidental death, in addition to the primary death benefit of the policy.

The additional cost of this life insurance rider is not very high since most deaths do not meet the criteria of an accidental death under this provision. Long illnesses that result in death are much more common than deaths in automobile or work-related accidents. Nevertheless, an unexpected death can have serious financial consequences for a family. For example, if the primary breadwinner suffered an accidental death, their family would be impacted by a financial shock. This rider provides a way to financially protect your family in these situations.

Rider Features
Description: Accidental Death Benefit, applicable up to age 65
Minimum amount insured US $50,000
Maximum amount insured US $150,000 (or the insured amount on the policy, whichever is less).
Available: For insured individuals between 18 and 65 years old.