Double indemnity is a clause or provision in a life insurance or accident policy whereby the company agrees to pay twice the face of the contract in cases of accidental death. Life insurance or life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the A corporation is a separate legal entity usually used to conduct business A contract is an exchange of promises between two or more parties to do or refrain from doing an act which is enforceable in a court of law An accident is a specific identifiable unexpected unusual and unintended external event which occurs in a particular time and place without apparent or deliberate An accidental death is a death that is neither intentionally caused by a human being, such as homicide, nor foreseeable, such as cancer. List of countries by homicide rate Homicide ( Latin homicidium, homo human being + caedere to cut kill refers to the act of killing another Cancer (medical term Malignant Neoplasm) is a class of Diseases in which a group of cells display uncontrolled
In 2004, 4. 67% of all deaths in the United States were declared accidental. [1] For this reason, double-indemnity clauses are usually relatively cheap and often aggressively marketed, especially to people over 45. In popular usage "marketing" is the promotion of products especially Advertising and Branding However in professional usage the term has a wider meaning of Children and people in dangerous jobs, such as heavy construction, are the exceptions. In the fields of Architecture and Civil engineering, construction is a process that consists of the Building or assembling of Infrastructure [2]