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Investments glossary

Accidental Death Benefit

The term accidental death benefit refers to a payment due to the beneficiary of an accidental death insurance policy, which is often a clause or rider connected to a life insurance policy. The accidental death benefit is usually paid in addition to the standard benefit payable if the insured died of natural causes. Depending on the issuer of the policy, an accidental death benefit may extend up to a year after the initial accident occurs, provided the accident led to the insured’s death.

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