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Life Insurance

What is Accidental Death Insurance, and do you Need it?

Accidental death insurance, also known as accidental death and dismemberment insurance, is a type of limited life insurance often acquired for a nominal fee or added to an existing policy. As the name suggests, it releases a benefit if the policyholder dies from an accident or suffers a dismemberment. 

Accidents kill an estimated 160,000 Americans a year and are far more common amongst men aged between 18 and 44. Many of these deaths occur as a result of falls and motor traffic accidents, both of which are covered by most accidental death insurance policies.

When You Don’t Need Accidental Death Insurance

If you already have life insurance, you can probably overlook accidental death insurance. In such cases, it will simply increase the value of the payout when you die, known as “double indemnity” coverage.

Unlike whole-life insurance policies, it does not provide policyholders with a separate investment vehicle that they can cash out at a later date. Generally, accidental death insurance doesn’t offer anything that a traditional life insurance policy can’t provide, and it may therefore be deemed an unnecessary expense.

However, there are exceptions.

When You Need Accidental Death Insurance

An accidental death benefit can’t provide you with anything that you won’t get from a traditional life insurance policy. However, it’s a different story with dismemberment insurance. This will cover you in the event that you lose a finger, toe or arm, which means you’ll have the money you need for medical costs and may be compensated for lost work.

Accidental death insurance can also help to cover any additional medical fees that result from necessary treatment taken after an accident and before death. Your family may be forced to cover these bills, and an additional death benefit can help them with that. 

Accidental death and dismemberment insurance is not something we would recommend in lieu of traditional life insurance, but if you have the option to add it to an existing policy for a few bucks a month, it’s well worth considering.

How Much Does Accidental Death Insurance Cost?

The price of your accidental death insurance premiums will depend on your payout as well as your risk factor. The average person can expect a charge of roughly $5 per month for every $50,000 of coverage, which means a benefit of $100,000 could cost as little as $10 a month.

But, as we have discussed many times before, underwriters focus on probabilities. The more likely you are to die from an accident, the higher those premiums will cost. For instance, if you’re an 18-year-old who has just started driving and enjoys a few high-risk hobbies, you may see those premiums climb.

How Long Does Accidental Death Insurance Last?

Accidental death insurance policies typically run for up to 40 years. You choose the desired term at the start and this is used to calculate your premiums, with longer terms leading to higher prices on account of the increased risk.

What is Not Covered by Accidental Death Insurance?

Accidental death insurance generally doesn’t cover all accidents and all dismemberments. The exact coverage will depend on the policy, and it’s possible to tailor your policy to include some of the things not traditionally included, but this may increase the premiums.

Suicide

Suicide is a tricky one. Many life insurance policies will payout if the policyholder commits suicide, but only if it occurs after the first two years and it is proved that they committed suicide so their loved ones would benefit (although this is not easy to prove).

However, accidental death insurance policies tend to rule suicide out altogether. Many deaths caused by misadventure may be queried as suicide, such as falls and drownings, but unless there is actual proof that they intended to take their life, the death will often be ruled as misadventure, in which case an accidental death insurance policy may payout.

War Injuries

Accidental death insurance rarely pays out for deaths resulting from war injuries. This is true whether the policyholder is shot or dies from an explosion or fall. That death was certainly not intentional, so you could argue that the policy should pay, but most insurers will refuse.

Illness and Disease

An accidental death insurance policy is not designed to payout in the event that you die from an illness or disease. Your beneficiaries may also face some resistance if you had a serious illness or disease at the time of your death but an accident was ultimately the thing that killed you.

For instance, if you have a serious mobility problem and this causes you to fall, hit your head, and die, then technically an accident killed you, but that accident wouldn’t have happened if not for the illness, creating some technicalities that will no doubt lead to problems when filing a claim.

Drugs or Alcohol

An accidental overdose is rarely covered by accidental death insurance. There will be no benefit for your loved ones if it leads to your demise, and no benefit for you if it leads to long-term health complications.

This is not true for all policies, however, and there may be exceptions for drugs that were prescribed.

How Can the Cause of Death be Proved?

As alluded to already, the cause of death isn’t straightforward. With a traditional life insurance policy, if the policyholder dies outside of the contestability period, the insurers will rarely get involved. That changes if they have suspicions about the death and believe that a crime was committed (fraud, murder) but it’s rare.

With accidental death insurance, however, there are many more nuances. As a result, an official investigation may be ordered, and this can include an autopsy.

How Does the Dismemberment Payout Work?

If the policyholder losses an appendage as a result of an accident, they may receive a partial benefit paid direct to them. The policy will dictate how much is paid and why, but generally the payout will be made following a non-excluded accident that results in the loss of:

  • An arm
  • A leg
  • A finger
  • A toe
  • Sight

Higher payouts may also be provided if the policyholder suffers complete paralysis.

What is Accidental Death Insurance, and do you Need it? is a post from Pocket Your Dollars.

Source: pocketyourdollars.com



How to Remove Permanent Marker From Any Surface

Permanent markers are essential in every craft room and household.

They are great for creating lasting memories through artwork, writing labels on metals and plastics to help keep your home organized and even covering up scuffs on shoes.

Although the name suggests otherwise, if you accidentally get permanent marker on a surface you didn’t intend, or one ends up in the hands of a very young, but very inspired creative, there are ways to remove it.

Permanent marker can be removed from a variety of surfaces using basic household cleaners and materials. So grab an old towel or washcloth that you don’t mind the strain potentially transferring onto, and follow the instructions below to learn how to remove permanent marker from any surface.

  • Remove from plastic
  • Remove from clothes
  • Remove from wood
  • Remove from skin
  • Remove from other surfaces

How to remove permanent marker from plastic

writing leftovers on plastic container with permanent marker

If you had used a permanent marker to label a plastic item and now want to alter that label, you can use a dry-erase marker to remove the writing. A dry-erase marker works well for getting permanent marker off of plastic because it contains rubbing alcohol.

Follow these steps:

  1. Color over the permanent marker with the dry-erase marker
  2. Wipe away
  3. Repeat the process if needed

How to remove permanent marker from clothes

using hairspray to remove a stain from a shirt

If you got a permanent marker stain on one of your favorite clothing items, don’t fret. There are a number of different methods you can use to get it out of different clothing fabrics. Below are tips for removing permanent marker stains from cotton, leather and wool.

Cotton

Hairspray is an effective way to remove permanent marker from cotton. Be sure that the hairspray contains alcohol, as not all hairspray products do, and this component is critical for removing the stain.

Follow these three steps to clean your cotton item:

  1. Apply hairspray to the area until it feels wet
  2. Let it sit for 15 minutes
  3. Put clothing item in the washing machine without other items in case the stain bleeds
  4. Run on warm with detergent

Leather

You can remove permanent marker from leather, without damaging the fabric, using white vinegar.

Follow these three steps to clean your leather item:

  1. Dab vinegar onto the stain with a cloth
  2. Let it sit for a few minutes
  3. Use the same cloth to wipe off the stain using a circular motion

Wool

Hairspray is also an effective way to remove permanent marker from wool. Instead of tossing the item in the wash after setting the stain with hairspray, you can handwash it to prevent damage to the item.

Follow these steps to clean your wool item:

  1. Apply hairspray to the area until it feels wet
  2. Let it sit for 15 minutes
  3. Hand wash the item with cold water

How to remove permanent marker from wood

removing permanent marker from wood with toothbrush

Not only does toothpaste fight stains in your mouth, but it can also fight stains on your wood furniture or floors. The abrasive quality of toothpaste helps to gently remove the dye without dissolving it. It’s best to use a baking soda toothpaste, but if you don’t have one you can simply mix baking soda with the toothpaste you have. Skip the gel toothpaste, it won’t work.

Here’s how to do it:

  1. Apply toothpaste to a cloth or you can even use an old toothbrush!
  2. Rub into the wood, going with the grain
  3. Repeat as needed

How to remove permanent marker from skin

using hand sanitizer to remove permanent marker from hand

It turns out that hand sanitizer not only can clean your hands of germs but also can be used to remove permanent marker from your skin:

    1. Squirt a dab of hand sanitizer into your hand or on a cloth
    2. Rub directly into the stain
    3. Wipe away with a cloth

How to remove permanent marker from other surfaces

putting rubbing alcohol on a cloth

If permanent marker ended up on one of your upholstered furniture pieces, a stainless steel appliance, wall, carpet or glass item, you can remove the stain using the techniques we breakdown below.

Upholstery

Use rubbing alcohol to remove permanent marker from upholstery. It’s best to blot the area with the rubbing alcohol instead of rubbing as it’s possible to actually massage the stain further into the fabric.

Follow these simple steps using rubbing alcohol:

  1. Apply rubbing alcohol to a clean cloth
  2. Blot the area
  3. Wash away the remaining rubbing alcohol using a clean damp cloth

Metal

Similar to plastic, dry-erase markers work well to remove permanent marker from metal. So if permanent marker ends up on one of your stainless steel appliances, follow the steps below. Keep in mind, you may have to repeat this process a couple of times to fully remove the stain.

  1. Color over the stain with a dry-erase marker
  2. Wipe away

Wall

Toothpaste for the win, again! Toothpaste also works great for removing permanent marker from walls without causing damage. As previously mentioned, skip the gel toothpaste and ideally choose one that contains baking soda. Then follow these steps:

  1. Apply toothpaste directly to the wall stain
  2. Allow it to sit for 5–10 minutes
  3. Scrub the mark in a circular motion
  4. Wipe the remaining toothpaste away with a damp cloth

Carpet

To remove permanent marker from the carpet, just like with upholstery, you can use rubbing alcohol. Remember, blot the area with the rubbing alcohol instead of rubbing so you don’t rub the stain further into the carpet. Follow these steps below:

  1. Apply rubbing alcohol to a clean cloth
  2. Blot the area
  3. Using a damp, clean cloth, wipe away the remaining rubbing alcohol

Glass

If permanent marker ends up on one of your glass items, such as a window or mirror, you can remove it with nail polish remover or rubbing alcohol by doing the following:

  1. Apply remover of your choice to a cloth
  2. Rub the strain
  3. Use a clean cloth and a multipurpose or glass cleaner to wipe away

Dry-erase boards

In addition to working well to remove stains from walls and plastic, dry-erase markers can be used to remedy a situation where you may have mistakenly used permanent marker on a dry-erase board. In two steps, you can pretend as though nothing ever happened:

  1. Write over the stain with a dry-erase marker
  2. Wipe away with a clean cloth

Few things in life are truly permanent

You may have to repeat the steps laid out above a few times to be successful, but with a little effort and patience, you can remove most permanent marker stains. For additional cleaning hacks, be sure to check out our cleaning and maintenance tips.

The post How to Remove Permanent Marker From Any Surface appeared first on Apartment Living Tips – Apartment Tips from ApartmentGuide.com.

Source: apartmentguide.com




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