Accident insurance: a valuable benefit for all stages of life

What’s the best age to get accident insurance? You may be surprised to learn that accident insurance may provide value to you no matter what your age.

For those just starting out

When you are in your 20s and starting your career, one of your goals may be to save money for future plans and goals. If you experience an accident, which could be the result of your active lifestyle, you may have to dip into these savings to pay for unexpected out-of-pocket expenses not covered by your health insurance. Accident insurance may help protect the balance in your personal savings account or your Health Savings Account (HSA) if you have a High Deductible Health Plan (HDHP).

For families

As you’re advancing your career and watching your family grow, there are likely to be a few bumps and bruises that happen along the way. If you have children who are active—for example, they participate in organized sports—you know that accidents can happen. They can happen to you, too, if you are a do-it-yourselfer or if you live an active lifestyle. Accident insurance may help reduce the financial impact of an injury so you can focus on you or your child’s recovery—not your finances.

For those making the most of it

As you enjoy the benefits of your hard work later in life, accident insurance may be something to consider, especially if you continue to be active with yard work, gardening, biking, and other activities. Even minor slips or falls may require a trip to the doctor’s office or even the ER, but the costs associated don’t need to catch you off guard. Even if you’ve set aside money for health-care-related expenses, having accident insurance is one way you can save those funds for bigger medical expenses. And by minimizing the impact on your wallet, you may not have to interrupt your normal spending habits, like spoiling your grandkids.

No matter what stage of life you are in, accident insurance is a benefit worth considering to help you minimize your out-of-pocket costs when accidents happen.

Sources, “Older Adult Falls: Get the Facts,” accessed July 21, 2015,

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SLPC 26655 07/15 (exp. 07/17)

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