Personal Accident Insurance

How Does Personal Accident Insurance Work?

30 minutes
Victory Boulevard

Service Description

In the event of an accident, personal accident insurance covers you if you become disabled; unable to work; or have a defined injury, such as loss of eyesight or hearing, and fractured bones. Beneficiaries are paid either in one lump sum or on a monthly basis to supplement missed income. There are other benefits in addition to those mentioned above, including the fact that premiums are tax deductible. Check the terms of each policy you consider learning more. What Is Not Covered? When considering whether personal accident insurance is right for you, it’s also important to understand what is not covered. This includes self-inflicted injuries, dental injuries, injuries that occur while under the influence or while committing a crime, and accidents that occur as a result of a prior illness. Is Personal Accident Insurance Right for You? As you consider whether personal accident insurance is right for you and your family, you’re probably wondering whether it makes sense if you already have policies such as life insurance, accidental death, or workers compensation. Personal accident insurance may be the right choice for you if: • Traditional coverage is too expensive • Paying out-of-pocket for bills that result from an accident outside of the workplace is out of the question Take the time to find the policy that fits your lifestyle. You might also be interested in learning more about preventing injuries at home. Aging in Place: 4 Keys to Maintaining an Able Body and Safe Home Many of us want to stay in our own homes until retirement and beyond. “Aging in place” or “aging in” is a great goal. But our bodies change a lot after retirement, and the reality is our homes aren’t usually designed to accommodate new lifestyles and needs. That two-story home with a finished basement? Great for raising a family—maybe not perfect for enjoying retirement. 1. Reduce the Risk of Falling Living on your own in retirement means you need to understand your biggest health risks—and falling may be #1. According to the National Council on Aging, 2.8 million older adults end up in an emergency room annually as a result of a fall. 2. Stay on Top of Your Health Taking proactive care of your health is critical to aging in place. 3. Stay Active Regular exercise can help your body maintain a stable foundation. Weak lungs, sore legs and feet. 4. Ask for Help; It’s Wisdom, Not Weakness. Aging in place successfully.