Accidental Death Benefit Law and Legal Definition

Accidental death benefit refers to the value paid to the beneficiary on accidental death of the insured. The life insurance policy of the insured will have a clause to the effect that that if the insured dies in an accident, the beneficiary will receive twice or thrice the face value of the policy. This benefit given to the beneficiary in addition to the death benefit accrues only if the death occurs due to an accident. The insurance company that is liable for the payment of such a benefit will conduct a thorough investigation into the cause of death of the insured person before paying the claim. Accidental death benefit is also termed as double indemnity clause.