Comments on: Should You Buy Accidental Death Insurance?

By: jtopp

jtopp — Sat, 10 Oct 2009 03:25:51 +0000

Ethan, that’s a good point. It makes total sense in a situation like that to maintain or acquire an AD&D policy if you can’t get regular life insurance.

By: Thursday Round-Up First Snow of the Year Edition

Thursday Round-Up First Snow of the Year Edition — Thu, 01 Oct 2009 22:18:32 +0000

[...] at Redeeming Riches talks about Accidental Death Insurance and whether you should buy it or not. I’m going to spoil the ending for you absolutely not [...]

By: Ethan

Ethan — Thu, 01 Oct 2009 20:29:42 +0000

One of the reasons these plans exist is for people who are not insurable health-wise. They can’t get an affordable term life policy, but this allows them to at least cover non-health-related deaths. Let’s say I’ve had cancer twice in the past, and barely beat it both times. I am very unlikely to be able to get a term life policy. But I’m not more likely to hit by a bus than the next guy, so I can probably still get an AD&D policy. If I have dependents to provide for, this is much better than nothing.