MLchartDataset catalogue

Accidental death benefit (ADB)

Term · Insurance and risk management · MLC-T-INS-000293

A provision in a life insurance policy that pays an additional sum to the beneficiary if the insured's death is caused by an accident. This benefit is usually a multiple of the policy's face amount, such as double or triple indemnity. It provides extra financial protection for families in the event of an unexpected accidental fatality.

Table 1. Record
IdentifierMLC-T-INS-000293
FieldInsurance and risk management
AbbreviationADB
Record as JSON 
{
  "id": "MLC-T-INS-000293",
  "term": "Accidental death benefit (ADB)",
  "field": "Insurance and risk management",
  "definition": "A provision in a life insurance policy that pays an additional sum to the beneficiary if the insured's death is caused by an accident. This benefit is usually a multiple of the policy's face amount, such as double or triple indemnity. It provides extra financial protection for families in the event of an unexpected accidental fatality.",
  "abbreviation": "ADB",
  "url": "https://mlchart.com/terminology/insurance/accidental-death-benefit-adb/"
}

Record 23 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.