Double indemnity is a provision in a life insurance policy that calls for an additional payment, usually equal to the face amount of the insurance, in the event of accidental death. To secure a policy that addresses this, keep in mind that higher premiums will be charged to cover double indemnity contracts. Double indemnity definition is - a provision in a life-insurance or accident policy whereby the company agrees to pay twice the face of the contract in case of accidental death. Double Indemnity — payment by a life insurance policy of two times the face value when death results from an accident (e.g., an auto accident) as opposed to a health problem (e.g., cardiac arrest). Provision for payment of double the face amount of an insurance policy under certain conditions, e.g. Learn more. Double Indemnity A term of an insurance policy by which the insurance company promises to pay the insured or the beneficiary twice the amount of coverage if loss occurs due to a … Under the double indemnity rider, if death occurs through accident, the insurance payable is double the face amount. Double indemnity typically doubles a death benefit payment under an insurance policy in the event of a specified cause of death, which is usually an accident. 1. a clause in an insurance policy that provides for double the face value of the policy in the case of accidental death Familiarity information: DOUBLE INDEMNITY used as a noun is very rare. Double indemnity definition is - a provision in a life-insurance or accident policy whereby the company agrees to pay twice the face of the contract in case of accidental death. of the face amount in the contract in cases of death caused by accidental means. Double indemnity is a clause in a life insurance policy that says the insurance company will pay twice the amount of the face value should the death of the insured result from an accident.
Double indemnity is a clause in life insurance policies that provides for the payment of double the policy's face value in the event of the policyholder's accidental death.
Double indemnity is a clause or provision in a life insurance or accident policy whereby the company agrees to pay the stated multiple (i.e., double, triple, etc.) when death occurs as a result of an accident. ‘She had also tricked Albert into signing a double indemnity insurance policy on his own life shortly before the murder.’ Dictionary entry overview: What does double indemnity mean? • DOUBLE INDEMNITY (noun) The noun DOUBLE INDEMNITY has 1 sense:. Double indemnity provisions can be embedded into life insurance policies providing twice the death benefit if death was deemed accidental. double indemnity meaning, definition, what is double indemnity: a feature of a life insurance policy tha...: Learn more. double indemnity meaning: a statement in an insurance agreement in which the company agrees to pay twice the usual amount if…. Double Indemnity Trailer - Directed by Billy Wilder and ... Hall, Tom Powers, Byron Barr. Under the double indemnity rider, if death occurs through accident, the insurance payable is double the face amount.
Double indemnity is a clause in life insurance policies that provides for the payment of double the policy's face value in the event of the policyholder's accidental death.
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