New messages from Aflac |
View Notifications opens a dialog
Close X dismisses the notification alert
Accidents can happen to anyone unexpectedly. If you pass away due to accidental circumstances, your loved ones may not have the financial resources to remain secure, even with a life insurance policy. Even though it’s not pleasant to think about, you should be financially prepared if a tragedy occurs. That’s where accidental death benefit riders can help if you have a life insurance policy. This article will explain how accidental death benefit riders work, their differences from accidental death insurance policies, and who should consider getting an accidental death benefit rider.
An accidental death benefit rider is an optional add-on to a life insurance policy. It provides an additional death benefit if the policyholder passes away due to an accident. After your passing, the beneficiaries may receive more than the policy’s regular death benefit.1
Ask your insurer for more information about what their accidental death benefit rider may cover and read the rider’s terms and conditions carefully.
Don’t wait until it’s too late. Help cover yourself and your family with coverage from Aflac.
Accidental death riders and accidental death and dismemberment (AD&D) policies are two ways to help protect your beneficiaries if you pass away due to an accident. However, it’s important to be aware of some key differences to pick the right option:
Aflac offers accidental death benefit riders for life insurance policies and accidental death and dismemberment policies, allowing you to help pick the best type of coverage for your needs based on the above factors.
Adding an accidental death rider to your life insurance policy can offer you several benefits:
Accidental death benefit riders can pay an extra death benefit if you pass away due to a covered accident. This can provide your loved ones with additional funds to help replace your income, pay off debts, and save for the future. As a result, they can get extra financial security in case you pass away unexpectedly.
Accidental death riders can be easily added to your existing life insurance policy for a reasonable fee. This can make accidental death riders a simple way to help protect loved ones within your budget.
Passing away unexpectedly can leave your loved ones financially vulnerable since you don’t have time to prepare for it. An accidental death benefit rider’s extra layer of protection can help give you peace of mind regardless of your job or lifestyle. It can help ensure that your loved ones have extra financial security to replace your income and assets.
An accidental death benefit rider’s additional death benefit may be worth the investment for people in several situations:
Frequent commuting and travel can increase the risk of accidental death through car accidents and plane crashes. Other situations during travel can increase the risk of passing away while working, such as if your work involves traveling to more dangerous locations. People in these situations may consider an accidental death rider to help protect their loved ones if they pass away due to one of these causes.
Jobs such as construction, transportation, or first responders typically work in more dangerous conditions. There can be a higher risk of injury or death on the job. If you work in a role like one of these, accidental death riders can act as a financial safety net in case the unexpected happens.
Some hobbies, such as skydiving, bungee jumping, mountain climbing, and car racing, can create an increased risk of passing away due to an accident while participating in those activities. Adding an accelerated death rider to your life insurance policy can give you peace of mind that your loved ones can receive an additional payout.
Accidental death riders cover a wide range of circumstances that could lead to you passing away early and unexpectedly. Plus, they do not increase your premiums substantially and do not require getting a new policy. This makes them an excellent way to help create financial security for your loved ones and ensure that they’ll remain financially stable if tragedy strikes. Aflac offers an accidental death benefit rider that you can easily add on to one of our life insurance policies. Chat with an agent today to learn more about your options.
1 Investopedia – Accidental Death Benefit: What It Is, Examples of What It Covers. Updated July 23, 2023. https://www.investopedia.com/terms/a/accidental-death-benefit.asp. Accessed October 9, 2024.
2 No Medical Exam Quotes – 2023 Best Accidental Death Insurance AD&D Companies. Updated April 26, 2023. https://nomedicalexamquotes.com/accidental-death-insurance-add/. Accessed October 9, 2024.
Content within this article is provided for general informational purposes and is not provided as tax, legal, health, or financial advice for any person or for any specific situation. Employers, employees, and other individuals should contact their own advisers about their situations. For complete details, including availability and costs of Aflac insurance, please contact your local Aflac agent.
Aflac coverage is underwritten by American Family Life Assurance Company of Columbus. In New York, Aflac coverage is underwritten by American Family Life Assurance Company of New York.
Aflac life plans - B60000 series: In Arkansas, Idaho, Oklahoma & Virginia, Policies: ICC18B60C10, ICC18B60100, ICC18B60200, ICC18B60300, & ICC18B60400. Not available in Delaware. Q60000 series/Whole: In Arkansas & Delaware, Policy Q60100M. In Idaho, Policy Q60100MID. In Oklahoma, Policy Q60100MOK. Not available in Virginia. Q60000 series/Term: In Delaware, Policies Q60200CM. In Arkansas, Idaho, Oklahoma, Policies ICC18Q60200C, ICC18Q60300C, ICC18Q60400C. Not available in Virginia.
Accident, A36000 series: In Delaware, Policies A36100DE—A36400DE, & A363OFDE. In Idaho, Policies A36100ID–A36400ID, & A363OFID. In Oklahoma, Policies A36100OK– A36400OK, & A363OFOK. In Virginia, Policies A36100VA – A36400VA, & A363OFVA. A37000 series: In Delaware, Policy A371AA & A371BA. In Idaho, Policy A37000ID. In Oklahoma, Policy A37000OK. In Virginia, Policies A371AAVA & A371BAVA.
Aflac Final Expense insurance coverage is underwritten by Tier One Insurance Company, a subsidiary of Aflac Incorporated and is administered by Aetna Life Insurance Company. Tier One Insurance Company is part of the Aflac family of insurers. In California, Tier One Insurance Company does business as Tier One Life Insurance Company (Tier One NAIC 92908).
Final Expense: In AR, DE, ID, OK and VA: Policies ICC21-AFLLBL21 and ICC21-AFLRPL21; and Riders ICC21-AFLABR22, ICC21-AFLADB22, and ICC21-AFLCDR22. Aflac Final Expense policies are not available in New York.
Accident, T37000 series: In Delaware, Policy T37000. In Idaho, Policies T37100ID, T37200ID, & T37300ID. In Oklahoma, Policy T37000OK. In Virginia, Policies T37100VA, T37200VA, T37300VA, T37400VA & T37600VA
.
Receipt of accelerated death benefits may affect eligibility for public assistance programs. Benefits may also be taxable, and are not expected to receive the same favorable tax treatment as other types of accelerated death benefits that may be available.
Coverage may not be available in all states, including but not limited to DE, ID, NJ, NM, NY or VA. Benefits/premium rates may vary based on state and plan levels. Optional riders may be available at an additional cost. Policies and riders may also contain a waiting period. Refer to the exact policy and rider forms for benefit details, definitions, limitations, and exclusions.
Aflac WWHQ | Tier One | 1932 Wynnton Road | Columbus, GA 31999
Aflac New York | 22 Corporate Woods Boulevard, Suite 2 | Albany, NY 12211
Z2301252R1
EXP 11/25
