by 
The Curious Bag
-
Term life insurance provides benefits if a person dies over a specified period of time, while accidental death insurance provides benefits if death is the result of an accident.
Term Life Insurance
Term life insurance provides death protection for a limited period of time and is popular for the fact that it provides large benefits right away for relatively cheap premiums.
Accidental Life Insurance
Accidental life insurance provides benefits to the insured if death is the result of an accident. This type of insurance is usually purchased before trips or before engaging in specific activities.
Price
Accidental life insurance is usually cheaper than term life insurance. This is because death as a result of an accident is less common than deaths from natural causes.
Length
Both accidental and term life insurance are both purchased for limited periods of time. They can both be renewed but premiums often rise due to increases in age and other risk factors.
Scope
Term life insurance generally covers much more than accidental death insurance, and is often recommended by insurance brokers if you can afford the extra costs.
Source:
More Information:
RELATED QUESTIONS
Copyright 2023, Wired Ivy, LLC