Protect Your Loved Ones, By Choosing The Best Accidental

Death Cover

 

Accidents occur and often the blowback is devastating if not fatal. If it is the latter, an Accidental Death policy will go a long way in reducing the emotional and financial hardship for your loved ones in their time of grief. Accidental Death cover can be a thoughtful legacy to allow your family to move forward with their lives with a reduced burden. 

Although not expensive, these policies carry great emotional and financial significance and for this reason alone it is pivotal to choose a reputable insurer with integrity. Aspect Underwriting comprises 40 years’ experience as industry leaders helping families through the entire process with accessible and tailored policies. 

Below is a list of 3 key considerations when looking at Accidental Death cover to help you make an informed decision. 

 

The Application Process Should Be Easy

This is a major factor to consider as reputable players will have an eligibility criterion geared towards quality information. The last thing you need when scouting the market for an Accidental Death Cover policy that will look after your family is a myriad of clauses, requirements, and caveats that put doubt into your mind. 

Aspect Underwriting bases their policies on a wealth of expertise gained from being leaders in the international Accident & Health insurance sector and as such they do not require calls, meetings, or medicals to approve you for a policy. Furthermore, a detailed quote and cost breakdown is delivered with the exact lump sum and benefits outlined to give you peace of mind.

 

Young Australians are more at risk than you would think. If you are a young family, you should think about protecting them if the worst-case scenario was to occur. Credit: Unsplash

 

Young Australians Are More At Risk Than You Think

Purely because they’re exposed to more hazards and day-to-day risk, Accidental Death cover is a high-value product for young Australians as it’s not overly expensive and leaves a comprehensive safety for dependents. According to the Safe Work Australia website, 371 Australians under the age of 25 have died from Accidents between 2003-2018 and although it may not seem like a substantial amount, it’s still considered to be too many accidents. 

In addition to this, 161 accidental deaths of 25–34-year-old have occurred between 2014-2018. In comparison to the most impacted aged group over the same period (55-65 at 207 deaths), young Australians are narrowing the gap between them and the traditionally most susceptible age bracket.

To avoid being one of these statistics without cover, an Accidental Death policy from Aspect Underwriting ensures your beneficiaries or estate are fully compensated with amounts between $100,000 – $1,000,000 depending on the cover you elect to purchase.

 

It’s Cost Effective And Customisable  

This is because it exclusively covers injury as opposed to illness thus reducing your premiums. To ensure you have broad coverage and proceed in the case you survive an injury, you can also add Income Protection, Critical Illness (Trauma), and Total & Permanent Disablement cover with Aspect Underwriting in a manner that allows for the most tailored policy. Having the option to customise your policy will allow you to work through the add-ons, benefits, and premiums in order to optimise what is likely to occur and protect against what is not. 

 

Accidental Death insurance is a great alternative to Life Insurance, if you are looking for a cheaper option. Credit: Unsplash

 

The Takeaway

Accidental Death cover is very affordable and provides a significant financial boost at a highly emotional and difficult time. Working with a reputable provider, such as Aspect Underwriting, will allow for personal handling of your claim and guidance through the terms and conditions to give you and your family the peace of mind they deserve.

Mike Wallis

Mike has over 25 years experience, having spent his first seven years working as a Broker at Jardine Lloyd Thomson in Melbourne and in 2002 was transferred to JLT’s Accident and Health Department in London. For four years (2002 – 2005) Mike was a specialist A&H Lloyd’s Broker and during this time developed excellent relationships with the Lloyd’s A&H underwriting fraternity. In 2006 he returned to Australia in a senior broking position with overall responsibility for Placement Strategy, including the implementation of underwriting facilities and the various authorities granted by Lloyd’s. Mike was the underwriter at two specialist Underwriting Agencies prior to founding Aspect Underwriting in 2016.

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