Personal Accident and Accidental Death cover from just £8.75 a month, with up to £100,000 of benefits.
Accidental Death Insurance
What is accidental death insurance?
Accidental death insurance pays out if you die as a result of an accident. Accidental death insurance will pay out a tax-free lump sum.
Who needs accidental death insurance?
Accidents, by their very nature, can happen at any time, any place and to anyone. That's why accidental death insurance is available to all UK residents aged between 18 and 64. If you want to protect your earnings - whether you're employed or self-employed - it offers a measure of financial security. Maybe you work at heights or with heavy machinery and want reassurance that your loved ones will be taken care of in the event of an accidental death?
When should I start thinking about getting accidental death insurance?
If you or your loved ones would suffer financially in the aftermath of a death, accidental death insurance may be a consideration. You can usually add a partner to the policy, and in some cases your children too, but they will most likely have a reduced level of cover. There’s a lump sum if you die as a result of an accident - reassurance that even if the worst happens you’ll be leaving something behind for your loved ones. These benefits don’t usually reduce with age and the accidental death insurance can even continue until your 85th birthday.
Where should I get accidental death insurance from?
Choosing your provider will depend on what level of accidental death insurance you're after. A higher level of insurance will provide a larger cash payout in the event of an accidental death. With accidental death insurance, you pay a monthly premium so it's worth checking whether this remains the same during the length of the policy. Accidental death insurance usually gives you coverage almost anywhere in the world and medicals aren’t normally required before you take out the cover. Again, however, it's worth checking these details first. Remember, accidental death insurance will only pay out if the death is the result of an accident, so claims can’t be made for natural causes or deliberate acts likely to cause death. Similarly, accidental deaths as a result of dangerous sports or under the influence of drugs or alcohol will not be covered.
How can I find out more information about accidental death insurance?
With so much choice of accidental death insurance policies and providers, getting impartial advice to inform your decision is invaluable. The Money Advice Service is a good place to start. It offers free and unbiased information on accidental death insurance and its cost. Set up by the government, you can access their tips and tools on their website, by phone, in printed guides or by visiting an adviser in person (they have a network throughout the UK).
