Florida Health Insurance Definitions

Florida Health Insurance Terms:
Define: "Double Indemnity"

What is "Double Indemnity": This is a certain kind of life insurance policy provision that calls for an additional payment, usually equal to the face amount of the insurance, in the event of accidental death. also called accidental death benefit.

Wikipedia says: "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. An accidental death is a death that is neither intentionally caused by a human being, like homicide, nor foreseeable, like cancer. After an accident, if injury related death does not occur within a three month window, most policies will not pay out.

In the movie; Double Indemnity, Smooth talking insurance salesman Walter Neff (Fred MacMurray) meets attractive Phyllis Dietrichson (Barbara Stanwyck) when he calls to renew her husband's automobile policy. The couple are immediately drawn to each other and an affair begins. They cook up a scheme to murder Mr. Dietrichson for life insurance money with a double indemnity clause. Unfortunately, all does not go to plan...

More on Double Indemnity: The Movie


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