Life insurance and unplanned loss benefit?

if i had 3 million in possession life insurance and died in a saloon wreck does that mean they would pay 6 million
Answers:
Only if there be a double indemnity clause for accidental death. Check the vocabulary of the policy.

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Accidental Death Benefits rate out in less than 2% of adjectives policies that are taken out. ADB is a waste of money in my mind. You're better bad putting that money into a regular policy.


To answer your question, if you have $3 million contained by term (or any kind of insurance) and $3 million within accidental death benefits and died within a car accident, yes, $6 million would be the compensated out amount. Source(s): Financial Advisor in Canada.
Nope. There's no double indemnity on policies that big.


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