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A life insurance policy is a valuable gift you provide to your family. It allows you to leave a lasting benefit to your heirs after you've passed away and with the death benefit proceeds your family can pay off debt, attend college, realize retirement savings goals and replace your income, allowing them to maintain the same lifestyle they enjoyed while you were alive.

It may seem that with all of those benefits, an additional death benefit payable upon accidental death is unnecessary. However, an accidental death benefit can be extremely useful to your family in more ways than one.

Additional Benefit after Increased Debt

Throughout the course of your life, you will likely take on debt. After you buy the house, the car, the appliances and the expensive vacation, you may take out a Kankakee life insurance policy with a death benefit suitable for paying off these existing debts. What will you do if you create other debts over the subsequent years? Or, if it takes you longer than you thought to pay off the original debts? If you don't increase your death benefit immediately upon increasing your debt, your family is at risk. An insufficient life insurance death benefit will prevent them from being able to settle all debts after your death. It will reduce the effectiveness of your overall legacy and will limit the power of the funds received.

When adding an accidental death benefit rider or policy to your insurance portfolio, you ensure that your family will receive an additional amount of death benefit when your death occurs after an accident. This can supplement your existing life insurance policy and pick up the slack from any additional debt you've taken on but not yet compensated for in your existing death benefit.

Other Injuries and Liabilities

It's impossible to know what may cause an accidental death, that’s why it’s an accident. In addition, you can’t know if the accident will injure other individuals present, or how it could adversely affect your home, your vehicle and other property. An accidental death benefit supplements the proceeds your survivors receive after an accidental death. It allows them more funding with which to pay for the any additional fallout that may result from the accident that causes your death.

Accidental death insurance benefits can help your beneficiaries pay for liabilities incurred in the accident and/or property damage, and can also provide necessary funds for medical treatment of any other injured family members.

Benefits for Dismemberment 

Some accidental death riders and policies include benefits for dismemberment. With this benefit, an individual who experiences the loss of one or more limbs, their sight or their hearing may have access to a portion of their life insurance death benefit as a result of the dismemberment. This can help the individual adjust to life after the dismemberment. It can provide access to much-needed funds in order to complete home improvements that enable them to function normally in spite of their dismemberment; it can allow for modifications to a vehicle to accommodate their new physical state; and it can help them and their family gets any necessary counseling to help deal with the sudden change of physical capabilities.

Accidental death benefits are easy to add to your portfolio and, best of all, they are affordable. If you are ready to give your family the added layer of protection and resources that accidental death and dismemberment benefits can provide, give HomeStar Insurance Services a call 815-468-8763.

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Scott and Rhonda
435 E. North St.
Bradley, IL 60915
Phone (815) 929-2203
Fax (815) 929-2207
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576 Latham Dr.
Bourbonnais, IL 60914
Phone (815) 929-2200
Fax (815) 937-3885
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303 Section Line Rd.
Manteno, IL 60950
Phone (815) 468-8763
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303 Section Line Rd.
Manteno, IL 60950
Phone (815) 468-2776
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255 E. Station Street
Kankakee, IL 60901
Phone (815) 352-4655
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Josh
25640 S. Gougar Rd.
Manhattan, IL 60442
Phone (815) 468-8763
Fax (815) 468-7563