What does a death benefit rider with double indemnity pay in the event of accidental death?

A death benefit rider with double indemnity specifically offers a benefit that is double the face amount of the policy in the event of an accidental death. This type of rider serves as an added level of financial protection, ensuring that the beneficiaries receive significantly more in the case of an accidental demise compared to a standard death.

For example, if the policy has a face value of $100,000, and the insured passes away due to an accident while the double indemnity rider is in effect, the beneficiaries would receive $200,000 instead of the standard $100,000. This additional support is particularly valuable to families who might struggle financially after the loss of a primary income provider due to unforeseen circumstances.

Other options, like paying only the face amount or a fixed sum determined by the insurer, do not accurately reflect the function of a double indemnity rider, as these would not provide the increased benefit specifically tied to accidental death. The nature of the double indemnity provision is to specifically enhance the payout above and beyond the usual benefit structure of life insurance policies.