Double indemnity: Difference between revisions
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{{Otheruses4|1=the life insurance clause|2=the 1944 film noir|3=Double Indemnity (film)}} |
{{Otheruses4|1=the life insurance clause|2=the 1944 film noir|3=Double Indemnity (film)}} |
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'''Double indemnity''' is a clause or provision in a [[life insurance]] or accident policy whereby the [[Corporation|company]] agrees to pay the stated multiple (i.e. double) of the face amount in the [[insurance contract|contract]] in cases of [[accidental death]]. An accidental death is a death that is neither intentionally caused by a human being, such as [[ |
'''Double indemnity''' is a clause or provision in a [[life insurance]] or accident policy whereby the [[Corporation|company]] agrees to pay the stated multiple (i.e. double) of the face amount in the [[insurance contract|contract]] in cases of [[accidental death]]. An accidental death is a death that is neither intentionally caused by a human being, such as [[murder]] or [[suicide]], nor from natural causes, such as [[cancer]] or [[heart disease]]. |
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In 2004, 4.67% of all deaths in the United States were declared accidental.<ref>{{cite press release |
In 2004, 4.67% of all deaths in the United States were declared accidental.<ref>{{cite press release |
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Revision as of 15:15, 11 November 2009
Double indemnity is a clause or provision in a life insurance or accident policy whereby the company agrees to pay the stated multiple (i.e. double) of the face amount in the contract in cases of accidental death. An accidental death is a death that is neither intentionally caused by a human being, such as murder or suicide, nor from natural causes, such as cancer or heart disease.
In 2004, 4.67% of all deaths in the United States were declared accidental.[1] For this reason, double-indemnity clauses are usually relatively cheap and often aggressively marketed, especially to people over 45. Children and people in dangerous jobs, such as heavy construction, are the exceptions.[2]
References
- ^ "Final Deaths 2004" (PDF) (Press release). Centers for Disease Control and Prevention. November 2006. Retrieved 2006-12-30.
- ^ "Basics of Accidental Death & Dismemberment Insurance". insurance.com. Retrieved 2006-12-30.