I have term life insurance with Willian Penn that I got through SelectQuote. In the past, I had a very good experience so I used them again to get this policy but the agent I got it from is not exactly 'communicative'.
Ever since I got this policy, at least a couple of years now, I keep getting the letters to add 'Accidental Death Coverage' of a million dollars over my half-million dollar term policy. Due to my health issues, getting a policy worth more than half a million dollars is very expensive. I asked the agent of accidental death coverage is not covered in the term life. His assistant replied that it is covered (didn't elaborate on why I keep getting these letters) but I have no idea why they keep sending this letter. It adds ~$50/month to ~$100/month premium. My term policy will last for 30 years but its add-on lasts until age 75.
Does anyone have an idea what this adds, other than the million dollars upon accidental death? I have clearly mentioned to the agent (his assistant) that I am not interested in this add-on but I still keep getting these letters. So my question is, should I add this to a junk pile or it is worth taking a look (i.e. they keep sending because something is not covered under the term insurance)?
Thanks in advance.
Ever since I got this policy, at least a couple of years now, I keep getting the letters to add 'Accidental Death Coverage' of a million dollars over my half-million dollar term policy. Due to my health issues, getting a policy worth more than half a million dollars is very expensive. I asked the agent of accidental death coverage is not covered in the term life. His assistant replied that it is covered (didn't elaborate on why I keep getting these letters) but I have no idea why they keep sending this letter. It adds ~$50/month to ~$100/month premium. My term policy will last for 30 years but its add-on lasts until age 75.
Does anyone have an idea what this adds, other than the million dollars upon accidental death? I have clearly mentioned to the agent (his assistant) that I am not interested in this add-on but I still keep getting these letters. So my question is, should I add this to a junk pile or it is worth taking a look (i.e. they keep sending because something is not covered under the term insurance)?
Thanks in advance.