Double Indemnity Benefit |
| Also known as “Accidental Death Benefit.” Double Indemnity is an additional endorsement to a life insurance policy that usually doubles the benefit payment to the beneficiary should the insured die as a result of an accident. For instance, if the insured’s death benefit is $250,000 and he dies as a result of an accident, the beneficiary would receive $500,000. |
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MortGage Glossary And Calculator |
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Financial Glossary |