Accidental Death Benefit --
The payment made to those designated as beneficiaries in an accidental death insurance policy or a life insurance policy in the event of the death of the insured. Normally such policies also allow for compensation to the insured in circumstances of physical injury that result in handicap. The indemnity could be as much as two or three times the face value of the policy in the case of double or triple indemnity schemes. Usually the policies do not protect the insured or the beneficiaries if mortality or injury is due to such events as war and unlawful activities. Time and age restrictions usually hold, the former specifying that death or damage must happen within a certain period after an accident.
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