double compensation is a clause or stipulation in a life insurance policy or an accident in which the company agrees to pay some (ie, double, triple, etc.) of the nominal amount in the contract in case of death caused by accidental. This includes murder by someone other than, and not in collusion with, the heirs of the insurance policy, and most deaths by accident. This does not include suicide, and death caused by gross negligence of the insured, as well as natural causes.
In 2006, 5.01% of all deaths in the United States were declared unintentional. For this reason, double indemnity clauses are usually relatively inexpensive and are often marketed aggressively, especially for people over 45. People with dangerous jobs, such as heavy construction, as well as children, generally do not qualify for multi-compensation coverage.
Video Double indemnity
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Source of the article : Wikipedia
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