To get the maximum protection for a limited period of time at the lowest initial outlay, the best choice usually is term insurance. On the other hand, permanent insurance makes sense if you want long-term coverage at a predictable premium and a way to accumulate funds for emergencies and future needs or opportunities. The waiver of premium is inexpensive and, without question, a good value. Accidental Death Benefit allows you to double or triple the basic face amount of your policy if you die in an accident. Most deaths at any age are from natural rather than accidental causes.
Most companies place some restrictions on what qualifies as an accidental death.
Typical exceptions are self-inflicted wounds, private aviation accidents, injury while committing a crime, etc. You have this option at certain ages for a specified amount. GIOs usually run up to age 40. A variation of the standard GIO offers additional coverage to several business-owner insureds at certain times, based on a business valuation formula. There are also estate conservation GIOs, which permit an upgrade in coverage after the first spouse's death to protect the survivor's portion of the estate.