YourLifeSolution.com Warns Consumers of Conflation Between Accidental Death Insurance and Life Insurance

YourLifeSolution.com is today alerting the public of a common but critical mistake many make with believing that an accidental death insurance policy is actually life insurance.

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YourLifeSolution.com | 888.374.2764

Chicago, IL (PRWEB) August 26, 2014

YourLifeSolution.com, a service which provides consumers with instant online life insurance quotes, is today alerting the public of a common but critical mistake many make with believing that an accidental death insurance policy is actually life insurance. "Accidental death insurance is only what it sounds like and nothing more. It's a limited benefit which is paid only in event of death from accident. It costs very little and is extremely easy to qualify for, but it is simply not a replacement for life insurance, nor can it be ethically or legally referred to as life insurance. Banks market it a lot and often times people will believe they purchased $300,000 in life insurance for next-to-nothing. Accidental death insurance is fine in lieu of nothing, but it's not a true secure long term solution to the mortality risks that the every person faces. Life insurance is however a seemingly bulletproof contract, suicide in the first two years and misrepresentation are the exclusions. After two years, these don't apply except in the extreme case of an insured obtaining a policy by having a different person complete the lab exam on their behalf. Once the incontestability of life insurance is up, which happens within two years in all states in America, the protection is as ironclad and holistic as any insurance contract can ever be", said Eric Smith, the founder and independent life insurance agent of YourLifeSolution.com

Consumers interested in getting instant life insurance quotes are encouraged to visit YourLifeSolution.com. Information can also be obtained by phone at 888.374.2764.


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