American Income Life: Accidental Benefits

 


Accidental benefits include benefits for travelling via a common carrier and/or for any cause of death such as a pedestrian or accident at workplace. ICU, overnight hospital benefits and benefits to get the injury looked at are part of hospital benefits…covered by the hour power philosophy. 

*** 

Relevant Background: Along with the freedom of choice allocation, American Income life agents also request permission to allocate hourly wages each week (as part of the hour-power philosophy) for accidental benefits and pay cheque protection. Policyholders may also allocate their wages to accidental and pay cheque protection benefits via allocating a certain % of their income (Need Analysis Approach), monthly allocations, and dollar a day allocations. To activate these benefits, no  activation is required..as these benefits are part of a larger package such as through a union or employer. The hour power philosophy provides these benefits 24/7 (they are active around the clock). If a covered event happens, the policyholder or the beneficiary would simply need to file a claim (along with documents and receipts/invoices relevant to hospital bills in some cases).

*** 

Relevant Material: "The federal, provincial, and territorial governments in Canada work to improve road safety to reduce the number of fatalities and serious injuries and to have the safest roads in the world. The year 2023 saw increases in the number of fatalities and serious injuries (compared to 2022), while the number of total injuries decreased. The 1,964 fatalities in 2023 marked the highest count in the past 10 years, the 9,261 serious injuries marked the highest count in the last 5 years, while the total injuries were around the average for the past 5 years. Compared to 20 years ago, fatalities have decreased by 28%, serious injuries have decreased by 41%, and total injuries are down 42%. Each count is much lower than when these data were first collected by Transport Canada in the early 1970’s..." ("Canadian Motor Vehicle Traffic Collision Statistics: 2023", (2025)  )

*** 

Relevant Material: "The U.S. Department of Transportation’s National Highway Traffic Safety Administration today released its early estimates of traffic fatalities for 2024, projecting that 39,345 people died in traffic crashes. This represents a decrease of about 3.8% compared to the 40,901 fatalities reported in 2023 and marks the first time since 2020 that the number of fatalities fell below 40,000..." ("NHTSA Estimates 39,345 Traffic Fatalities in 2024 ",2025 ) 

*** 

References

1.    (2025, May 15). Canadian Motor Vehicle Traffic Collision Statistics: 2023. Government Of Canada. Retrieved June 29, 2025, from https://tc.canada.ca/en/road-transportation/statistics-data/canadian-motor-vehicle-traffic-collision-statistics/2023/canadian-motor-vehicle-traffic-collision-statistics-2023

2.    (2025, April 8). NHTSA Estimates 39,345 Traffic Fatalities in 2024. NHTSA. Retrieved June 29, 2025, from https://www.nhtsa.gov/press-releases/nhtsa-2023-traffic-fatalities-2024-estimates




Comments

Post a Comment

Popular posts from this blog

American Income Life: Income Protection Coverage for Disability

Image
  *** Relevant Material : " In 2022, 27.0% of Canadians aged 15 and over, or 8.0 million people, had at least one disability. This represents an increase of 4.7 percentage points from 2017..." (" New data on disability in Canada, 2022", 2023  )  ***  References  (2023, December 1). New data on disability in Canada, 2022 . Statistics Canada. Retrieved July 2, 2025, from https://www150.statcan.gc.ca/n1/pub/11-627-m/11-627-m2023063-eng.htm
Read more

American Income Life: Will Kit (No Cost Benefit)

Image
  *********************************************************** Relevant Background : The cost of a will is anywhere from $940 - $1500 in North America. Most people have beneficiaries for their bank account and life insurance but very few people have a will set up.  Relevant Material:  " We have been rated The Best Canadian Will Service by  Top Consumer Reviews.... It's never too late or too early to protect your family's future. Start now by creating a Last Will and Testament to ensure that your assets stay in the hands of those who matter most. Our Online Free Legal Will service:  Was created by Attorneys/Lawyers  Is Absolutely Free – No Strings Attached (Open to everyone – no subscription – no credit card)  Has operated for 25 years – First in this market space  Provides live person support 7 days a week (7am to 7pm Pacific)  Is a complete Will-based estate plan  Includes digital assets, pet trusts and guardianships  Is User friend...
Read more