What does Accidental Death Clause mean? Read on to discover the definition & meaning of the term Accidental Death Clause - to help you better understand the language used in insurance policies.
Accidental Death Clause
Provision in a life insurance policy whereby, in case of death due to accident, twice (in double indemnity policy) or three times (in triple indemnity policy) the amount of death benefit is paid to the beneficiary. These policies are usually subject to certain restrictions, such as age of the insured and number of days the death occurs after the accident. Also called accidental means provision or accidental result provision.
We hope the you have a better understanding of the meaning of Accidental Death Clause.