Double Indemnity

Double Indemnity is a type of life insurance policy that pays out a higher benefit—double the normal amount—if the insured's death occurs accidentally or under specific, often more sudden or unusual, circumstances. This provision is designed to provide greater financial protection for beneficiaries in cases where accidental death might otherwise not be fully covered or where the policyholder wants to increase their coverage for potential risks. It encourages careful assessment of risks and offers added peace of mind, knowing that circumstances like accidental death will be compensated at a higher rate.