Why is accidental life insurance so inexpensive?

Life Insurance
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4 days ago
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Thanks for asking!  When you have a moment, also see David Rae's answer.  Basically the answer I would give is that over the long haul you get what you pay for.  Or put another way, accidental death is very uncommon in modern American life.  Our occupations and lives are MUCH safer than they were in the past. Very few people are involved in accident prone vocations in today's world.  Plus, even in higher risk occupations death is very infrequent.  There is a saying that "insurance companies do not get rich by paying claims."  They can provide accidental death coverage and predict the number of claims pretty well.  I hope that helps.  Best of luck!

 

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December 2009