0
Does Volvo have an insurance policy if you die in a Volvo by accident?
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What is the name of the type of insurance that protects a person in the event of a certain type of accident such as an automobile accident or a plane crash?
I believe that you are referring to an accident policy. There are also some that state they will only payout if you die while traveling on public transportation. In my opinion, accident policies are not worth the cost even though it is usually small. You are better off taking the money and purchasing as much life insurance as possible instead of the accident only policy. Life insurance will pay no matter how you die and it is money you can count on your family getting. You don't have to die in the right way to protect your family. What if a commuter train you are own crashes but you survive the crash only to die a few minutes later from heart failure. The accident policy will not pay but the life insurance would pay and without any problem.
What happens when your in a accident in Michigan with no insurance?
you die
What is a contingeny beneficary?
A Contingent or Secondary Beneficiary will receive the proceeds from a life insurance policy after the Insured's deaths, if the Primary Beneficiary does not survive the Insured Person. This means, if the primary beneficiary is not alive at the time of death of the insured person, then the contingent beneficiary will receive the proceeds from the life insurance policy. Examples of situations which may give rise to the contingent beneficiary receiving the proceeds from a life insurance policy. 1. The insured and primary beneficiary die in an accident together, for example, a car accident. 2. The primary beneciairy dies, and the insured forgets to update the beneficiaries for his/her life insurance policy.
What is a beneficary?
A Contingent or Secondary Beneficiary will receive the proceeds from a life insurance policy after the Insured's deaths, if the Primary Beneficiary does not survive the Insured Person. This means, if the primary beneficiary is not alive at the time of death of the insured person, then the contingent beneficiary will receive the proceeds from the life insurance policy. Examples of situations which may give rise to the contingent beneficiary receiving the proceeds from a life insurance policy. 1. The insured and primary beneficiary die in an accident together, for example, a car accident. 2. The primary beneciairy dies, and the insured forgets to update the beneficiaries for his/her life insurance policy.
How are accidental death benefits paid out when they double?
If your life insurance death benefit is for $100,000 and you have a 100,000 accidental death benefit rider and you die in an accident then your policy would pay $200,000.
What has the author Manfred Benz written?
Manfred Benz has written: 'Die Unternehmerversicherung in der gesetzlichen Unfallversicherung' -- subject(s): Accident Insurance, Insurance, Employers' liability, Accident insurance, Employers' liability insurance
Accidental life insurance?
Accident life insurance is usually purchased by using a rider on your life insurance policy. Usually it pays an additional death benefit for those insured's who die by some sort of pure accident. Keep in mind that the additional death benefit is purely for things considered "accidental", and does not cover anything else. Read more at link below.
Who receives the benefits in a situation with a second to die life insurance policy?
The children or heirs of the deceased will receive the benefits in a situation including a second to die insurance policy. It is also goes by the terms "Dual Life Insurance" and "Survivor-ship Insurance".
What is the difference between accidental life insurance and regular life insurance?
Accidental Life insurance only pays out if you die in an accident. There are limitation and restrictions on some ADD policies such as the accident has to be a common carrier. Others will cover you for any accident such as a piano dropping on your head. Regular life insurance simeply covers you if you die regardless of cause. The first 2 years do have restrictions such as suicide or pre-existing conditions. If you are trying to determine what type of insurance to buy, buy regular life insurance and you can always add on ADD to that policy. 4lifeguild Accidental life insurance is taken against death by accidents. It will also compensate you incase of any permanent loss of limbs, sight, etc. Some accident policies may also cover hospital expenses and any surgery that may be required due to the accident. Life insurance pays death benefits to beneficiaries no matter how the person dies. Some life insurance policies also ride accident insurance to provide double indemnity.
How much does life insurance multiply by if you die on a business trip?
It does not necessartily "mulitply" by anything. It depends upon the terms and conditions of the policy. Often policies have a "DAB" [Double Accident Benefit] clause whereby, upon death ocurring through an accident, the benefit is DOUBLED.
If you bought a 60-day travel insurance policy but are staying in a country for 80 days and had an accident 30 days into the trip and need to make a claim are you covered?
You are still within the policy protection period so yes, you are covered as long as the insurance you purchased covered that accident to begin with. It does not matter how long you are staying away, as long as the plicy is in force while you are still traveling. Think about it. If you buy a 1 year term life policy and die within that 1st year, you are covered. If you die within one year and a day...tough luck on your family. 4lifeguild
What happens if life insurance policy is canceled?
You no longer have insurance cover - if you happen to die then there is no payment made.
