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- #11
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Accidental life insurance is a solution looking for a problem.
If your beneficiary NEEDS money if/when you die, Accidental Death is a bad gamble.
If your beneficiary doesn't NEED money if/when you die, it's a lottery ticket. Actually, it's probably better odds than a lottery ticket, but still a form of gambling.
I sell it as additional coverage.
Since death by Accidental means is like the #1 ( ages 1 to 44 ) and #3 ( 45 to 64 ) and #3 overall - clients can get large face amounts cheap and if they don't use it - get most of their money back in most States. and #3 cause of death