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Work: Benefits Offered By Employers

Accidental Death or Travel Accident Insurance

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This benefit pays a large amount of money in the event an employee suffers an accidental death.

  • Some coverages will pay if the employee dies in any accident.
  • Some only cover if the employee dies while traveling on business.

Since these policies only pay in the event of accidental death, the coverage cannot be used in financial planning for the future.

These policies are generally not considered either an important benefit or one that should be "budgeted for." There's a reason why this coverage is very inexpensive -- the odds of an accidental death in a covered situation are slight. Still, you may want to explore getting this coverage. There are generally no health questions asked.


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