Which is a better idea, life insurance with an accident rider add-on or a standalone personal accide - Comparing a life insurance policy with a personal accident insurance policy would be unfair and similar to comparing apples and oranges. Both have their own utility and it depends on the personal choice of an individual. A life insurance policy offers a protective cover in case of demise of the policyholder due to illness or accidental death. On the other hand a personal accident insurance policy offers a protective cover to the policy holder and his or her family in case of accidental death plus covers for any partial, temporary as well as permanent disablement because of being involved in the accident. In an ideal financial plan there should be room for life insurance, health insurance as well as a personal accident insurance. - Term Life Insurance Interview Questions and Answers

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Question: Which is a better idea, life insurance with an accident rider add-on or a standalone personal accident insurance policy?

Answer: Comparing a life insurance policy with a personal accident insurance policy would be unfair and similar to comparing apples and oranges. Both have their own utility and it depends on the personal choice of an individual. A life insurance policy offers a protective cover in case of demise of the policyholder due to illness or accidental death. On the other hand a personal accident insurance policy offers a protective cover to the policy holder and his or her family in case of accidental death plus covers for any partial, temporary as well as permanent disablement because of being involved in the accident. In an ideal financial plan there should be room for life insurance, health insurance as well as a personal accident insurance.

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Question: Which is a better idea, life insurance with an accident rider add-on or a standalone personal accident insurance policy?

Answer:

Comparing a life insurance policy with a personal accident insurance policy would be unfair and similar to comparing apples and oranges. Both have their own utility and it depends on the personal choice of an individual. A life insurance policy offers a protective cover in case of demise of the policyholder due to illness or accidental death. On the other hand a personal accident insurance policy offers a protective cover to the policy holder and his or her family in case of accidental death plus covers for any partial, temporary as well as permanent disablement because of being involved in the accident. In an ideal financial plan there should be room for life insurance, health insurance as well as a personal accident insurance. Source: CoolInterview.com

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