When is Accidental Death Coverage a Good Fit

Photo by The National Guard According to the latest statistics from Statistics Canada, around 10,000 people die by accident every year. Accidental death insurance, as the name implies, only pays out if the insured dies by accident.  An insured dying by accident is much less likely than dying by non-accidental causes. Having said that, there are certain instances with traditional life insurance is not available, which could be as a result of health or lifestyle-related issues. Of course, another cause may be travel to areas restricted by traditional insurance companies. The Edge Benefits offers an accidental death and dismemberment stand alone policy for $300,000 or $500,000. The policy stands alone on a single-life basis or a family-life basis. Another provider of accidental death insurance for larger need clients is Hunter McCorquodale. They provide face amounts of accidental death insurance up to $20 million. In addition, larger face amounts are available on a special case-by-case basis. Accidental death and dismemberment or just accidental death are both available on an individual or group basis. Optional lump sum coverage for accidental, permanent or total disability can be had, as well as war / terrorism coverage. All of these policies are available on a stand alone or add-on basis in either Canadian or U.S. dollars. An example where Hunter McCorquodale became a great fit for a client was when a physician accepted a two month assignment at a NATO military base in Kandahar, Afganistan. His coverage through his medical association contained an exclusion on war, but Hunter McCorquodale was able to issue an accidental death and dismemberment policy for war and terrorism only.
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