Double Indemnity

Double indemnity is a provision or rider in a life insurance policy that doubles the death benefit if the insured's death results from a qualifying accident. It is formally known as an accidental death benefit rider. The term "double indemnity" entered popular culture through film and literature and is still used colloquially. The feature is typically available as an optional add-on and applies when death is the direct result of an accident — not illness, natural causes, or self-inflicted injury. Policy definitions of "accidental death" vary, and exclusions for dangerous activities, intoxication, or hazardous occupations are common. The rider is generally very affordable relative to the additional protection it provides.