This is quite a specific insurance for death as a direct result of an accident. Not exactly cheery stuff, but the lump sum can come in handy.
What is Accidental Death Insurance?
Accidental Death Insurance pays a lump sum of money if you pass away as a result of an accident. This cover is designed to help your family pay costs that you would have helped with if you were still alive.
Most people use Accidental Death Insurance for:
- Paying off the mortgage or other debt
- Providing extra income for their family after they've gone
- Paying for childcare support if the person who passed away was the primary caregiver
- Paying funeral expenses
Accidental Death Insurance benefits
Death benefit
Your family or nominated beneficiaries will receive a lump sum of money if you pass away in an accident.
Financial planning
We will pay for your family to receive professional advice from an approved financial planner. This can help your family plan the most effective way to use the money they will receive.
Grief support
We will help a loved one with the cost of counselling from a professional counsellor during the grieving process.
Optional benefits you can choose to include:
- Kids Cover
- We pay your premiums
Disclaimer: Please note that the content provided in this article is intended as an overview and as general information only. While care is taken to ensure accuracy and reliability, the information provided is subject to continuous change and may not reflect current development or address your situation. Before making any decisions based on the information provided in this article, please use your discretion and seek independent guidance.
