Double Indemnity Insurance Policies
Double indemnity is a provision in a life insurance policy in which the insurance carrier agrees to pay double or even triple the face amount of the policy in the event of an accidental death. This includes murder, suicide, and deaths caused by the person's own gross negligence, as well as natural causes. It is estimated that only 5% to 6% of all deaths in the United States are declared to be accidental. Consequently, the cost of adding this provision is not expensive. Children and people with highly dangerous jobs are generally not able to qualify for a double indemnity provision.
Life Insurance - Types of Policies
Statistic
There are approximately 342,000 people in the United States. One hundred percent of us are going to die. Only a small fraction of the population knows when they will die. According to available data, the total number of deaths in California each year averages 340,526 or 933 each day. This is 39 every hour. Consider establishing a living trust and buying sufficient life insurance to protect the people you love.
OTC Insurance Services
a California Corporation
5737 Kanan Road, Suite 630
Agoura Hills, CA 91301
Office: 818-658-1500
CAInsuranceAgents.com
License # 6013582
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