What Is Double Indemnity Life Insurance? 
Double indemnity means that in the event of death by accidental means the policy will pay double the face amount . It is actually a wedding equal amount of life insurance and accidental death insurance . The premium for accidental death insurance is quite low as few deaths meet the definition . The problem that double indemnity creates is the illusion that those who a person loves are going to be well cared for , when in fact the accidental death portion is unlikely to pay . 