But if you have standard life insurance, your beneficiary would receive a payment from it. A member is a hand, foot, limb, or the sight in one eye. If you lose two or more members, you would receive the full amount. Most policies pay one-quarter of the principal if you lose both your thumb and index finger. If you lose only your thumb, you won't receive the benefit.
Many employers connect the amount of coverage to the worker's salary.
The worker's maximum coverage also may not exceed 10 times his or her annual salary. The foundation most people should start with is life insurance. The rates vary depending on your age. The accidental death benefit doubles if you're killed while a passenger aboard a public conveyance, such as a commercial airline. Durflinger says only 6 percent, or 324,000 out of 5 million State Farm Life policyholders, opt for the accidental death rider.