High-Limit Accident Insurance

High-Limit Accident Insurance

A serious and fatal mishap can happen to anyone, anywhere, and at any time (especially in this fast moving world around us full of uncertainties). According to the National Safety Council’s Accident Facts 1994 Edition, accidents are the leading cause of death for people under the age of 37—the fifth leading cause of death for persons of all ages. These accidents can come in any form—imaginable and sometimes even unimaginable. During a morning shower you could slip and suffer one of the 12,600 fatal falls that occur each year, surprisingly half of them occur at home. You are back to your home on an overcrowded freeway, and suddenly smashed with the vehicle ahead, again you’re one of 44,000 annual traffic fatalities.


Despite of thousands of efforts, cares, and ultra-modern facilities to save us from all these most unwanted events; these occur. Most of us would like to believe that accident is something that happened to other people—neither to us nor to any of our family members. But as a cruel fact accidents take lives of thousands of ordinary people like me and you, each year; most of who probably think and do the same things as we do.

No one can adequately prepare for the loss that a fatal accident can bring to us and we know nothing can compensate the loss of life. This is perhaps the only blank space, which can not be filled, even with the best possible alternative available. But for sure you can prepare for the potential financial strain that you may face at this situation. Sending your children to college, once a certainty, may now become just a dream—unless you have prepared for the unexpected. We know we can not stop (however, we can reduce up to certain extent!) all these misfortunes, but suppose these happen, then how prepared are we to deal with them?

The answer is “High-Limit Accident Insurance”, as they provide economical protection against the financial consequences of a serious accident.


High-limit accident insurance is a special type of insurance policy, designed to safeguard you and your family against the enormous costs associated with a serious injury or mishap. It can provide up to a $500,000 payment in case of death or serious injury caused from a covered accident.  Also, most policies can provide benefits if you lose the use of some or all of your limbs due to an accident.  The proceeds can be used by you and your family in any way you desire. Furthermore, some plans may increase the benefit amount payable, if a covered loss occurs, while the insured is a passenger on a common carrier.

Some Main Highlights Of The Coverage Are:

  • You may select amounts of insurance (the “Principal Sum”) from $50,000 to $500,000 (in units of $50,000). You may also apply for spouse coverage from $50,000 to $500,000, but the amount may not exceed the member’s coverage (mostly 50% of member’s amount). Each unmarried dependent child under age 25 may be covered for $10,000.
  • $25,000 Common Carrier Benefit. This benefit pays extra benefits for a covered loss that occurs as the result of an accident while you are a fare-paying passenger on a licensed common carrier.
  • Up to $5,000 Accidental Death Benefit. The Plan pays additional benefits for a covered accidental death that occurs outside of the United States to cover expenses incurred to return the insured’s body to the United States.
  • Up to $5,000 Rehabilitation Benefit. This benefit helps prepare a member to return to the work force.
  • Education Benefit. This benefit helps pay an insured children’s’ educational costs at an institute of higher learning.
  • Seat Belt Benefit. If an insured person dies as a result of an automobile injury while wearing a seat belt, this benefit provides an additional payment to the principal sum payable for Loss of Life.


  • Accidental Death
  • Dismemberment
  • Permanent Disability

The Underwriters reserve the right to have the Insured examined by a physician of their choice. Should their physician and the Insured’s physician not be able to agree that the Insured is totally and permanently disabled, the two physicians shall name a third physician to make a decision on the matter which shall be final and binding.

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