Rich Carreiro wrote:
- quote -


There is also something called "Double Indemnity", which
provides an amount equal to the Face Value, in the event
that the Death is by "Accidental Means". (also called
Accidental Death Benefit).
Cal Lester CLU

"MassachusettsGuy" <aufgeschlossen[at]gmail.com> writes:

- quote -

For the simpler kinds of life insurance, you get paid exactly what the
life insurance contract says you get paid. If you take out a $300,000
policy, the beneficiary gets paid $300,000 when you shuffle off this
mortal coil.

Other types of policies can be more complicated -- for example,
some kinds of policies will pay out the greater of a minimum death
benefit specified in the contract or the cash value of the contract.
Not surprisingly, those carry (often significantly) higher premiums
than a policy that just pays a fixed, stated amount.

What *does* vary by age, state, health of insured, etc. is
the policy premium.

In either type, the payout generally does not depend on the cause
of death. One can buy specific types of death ("dread disease")
insurance, but most insurance pros will advise against it. If you
need $X of insurance, you need it regardless of what it is you
die of.


--
Rich Carreiro rlcarr[at]animato.arlington.ma.us

I am new to the insurance policies arena. Would anyone happen to know
what are typical payouts to a beneficiary by a life insurance policy if
someone dies? Does it depend on cause of death, age, state, etc?