One of our favorite carriers now offers Accidental Death Benefit Rider (ADB) at no additional cost on their term life product. But what does that mean for you?
First, let's define what an ADB is. Simply put, if you were to die as a result of an accident, this benefit would add an additional 15% to the face amount of the policy. Lets's take a look at the following scenario that shows what this can mean for your family during a time when they are most likely already devastated by emotional loss and would welcome the chance to grieve without another financial worry.
A young couple, we'll call them Jack and Holly, had been married for 14 years and were happily raising their three sons together when tragedy struck and Jack unexpectedly passed away in a car accident at the age of 40.
Because the ADB Rider was included at no additional cost with his $150,000 face amount term policy, Holly received an extra 10% of the face amount ($15,000) for a total of $165,000.
At a heartbreaking time when she and her children were mourning Jack’s death, they were able to use the additional $15,000 to pay for the various costs associated with his funeral, giving them a bit more space to grieve without additional financial worry.  |
Here, the ADB Rider shields Jack's beneficiaries from having to use a significant portion of the death benefit to cover his final expenses.
Contact us for a free quote and let us complete an illustration for you. We can even take your application over the phone to keep us all safe and healthy.
Chris Castanes is the president of Surf Financial Brokers, as well as a professional speaker helping sales people be more productive and efficient.
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