Advantages of Accident Life Insurance

Advantages of Accident Life Insurance

• Lump sum payment. If you die in an accident, a substantial sum of money will be paid to your estate. You'll also receive a "scheduled" payment if you lose a limb or your eyesight.


• Low premium. This additional cover can be taken out for about the third of the cost of level term cover. For example, you're able to get £120,000 of accident insurance cover for less than £10.


• Rider vs standalone policy. Although it may be worthwhile to take out additional coverage as a standalone policy, many level term policies add twice the cover for accidents.


• No medical checks. Provided that you fall within a specific age range, you're guaranteed to be accepted without undergoing a medical examination.


• Peace-of-mind. Families tend to feel more secure when they have the proper coverage in place.