Is double indemnity a standard provision of all life insurance policies?
Typically, an accidental death benefit is provided in an amount equal to the amount of insurance provided by the life policy. For example, if the death benefit were $10,000, the accidental death benefit would be $20,000. For this reason, the accidental death benefit is often referred to as “double indemnity.” However, as a general rule, the accidental death benefit is available only on application and is added to the policy by rider for an additional premium.
