"Change requests will not be granted," it states.
(An irrevocable designation may not be modified without the beneficiary's written approval.)
The payout owed to the beneficiaries of an accidental death insurance contract, which is sometimes a condition or rider attached to a life insurance policy, is referred to as a "accidental death benefit." The regular benefit that would be given if the insured passed away from natural causes would typically be paid in addition to the accidental death benefit.
If the accident resulted in the insured's death, an accidental death benefit may continue for up to a year after the initial accident, depending on the policy's issuer.
The recipient of an accidental death insurance policy receives an accidental death benefit.
Accidental death benefit riders frequently expire at a predetermined age determined by the insurance provider.
The criteria for what counts as an accidental death are frequently very specific for accident death payments.
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