Your odds of dying from a bicycle accident are much higher than dying from a car accident. In fact, you're twice as likely to die from a bicycle. The CDC did a study on this and a rather thorough one at that. The only activity more dangerous was riding a motorcycle.[1]
This is because engineers have spent a lot of time trying to minimize the amount of energy a human absorbs during a car collision. It's not perfect, but it's superior to the lack of protection offered when bicycling.
I'm not saying you have to stop riding a bicycle. I'm saying, you should know it is a dangerous activity and consider life insurance if you have a family.
[1] https://www.washingtonpost.com/express/wp/2016/05/12/how-saf...