Study after study has been released that, in the end, all reach the same conclusion: the younger you are, the more likely it is that you will die as a result of an accident over any other cause. Injuries have proven to be the number one cause of death for Canadians up to the age of 44, as well as the fourth leading cause of death for Canadians of all ages. The experts also claim that people between the ages of 25 and 55 are twice more likely to become disabled from an accident than die. That is where the importance of having personal accident insurance comes in.
Accidents do not just happen when you are driving your car, or away on vacation. Thus, your normal car or travel insurance might not be enough to protect you and your family when the time comes. A personal protection plan that covers specifically accidents is a good idea to have as a supplement to your regular life insurance policy.
There are a number of different protection packages that you can purchase depending on your requirements. For instance, an Accidental Death plan will allow benefits to be paid to your beneficiary should you die as the direct result of an injury caused by an accident. Air Travel Accident will cover you if your death is the direct result of an injury caused by a plane accident, provided you paid for your ticket and it occurred on a regularly schedule commercial flight.
Accident Insurance is not just something you should think about for yourself, either. If you have a spouse or children, you should consider looking into plans that offer child care benefits or tuition benefits in case something happens to either parent. Some other packages also offer job training benefits for one spouse to upgrade their skills should the other pass away.
Whatever package you buy, it is important to always keep in mind the conditions that come along with it. For instance, with many coverage plans, you need to report any accident claims within five working days of when the accident occurred in order for the claims to be valid. You also need to provide independent evidence that the accident occurred and that your injury as a direct result of that accident. You will already be dealing with the traumatic stress of the event itself. You don’t want to let the fine print on your insurance cause you any additional hassle.
It is something that many people do not bother to think about, but purchasing additional protection over your regular life insurance plan can be an affordable and effective way to close the coverage gap and give you and your family peace of mind.
Accidents are called accidents for a reason; they are unplanned events that take us by surprise. Life should not be boring; we should be allowed to take the risks that make life worth it without having to worry about the consequences of getting injured. Do not get caught off guard and make your loved ones pay as a result. Get the proper protection of accident insurance today.
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