What is Accidental Death and Dismemberment Insurance?
Accidental Death and Dismemberment Insurance, as the name implies, pays benefits if you die in a covered accident. AD&D insurance will pay your beneficiary a cash benefit that can be used however it is needed. It pays in addition to your primary insurance, and also pays benefits to you, if you were to lose a limb or your eyesight in a covered accident.
What can AD&D Insurance do for me and my family?
No one likes to think about death or having a serious accident. Accidents that cause death or life altering injuries are very traumatic even without the added burden of how all the expenses will affect you or your family.
In the event of a covered accidental death, your family would receive a lump sum benefit that could be used for any number of expenses that are usually taken for granted until the time comes. The benefit could be used to supplement lost income, help cover monthly expenses or even help with funeral expenses.
If you had an accident that caused a loss of vision or a limb, a lump sum benefit could help supplement your income while you are off work or help cover any number of unexpected expenses. Plus, we all know that any serious accident involves a hospital stay, and being in the hospital is expensive. To help offset this, your AD&D coverage includes a Hospital Indemnity benefit. This benefit will be paid to you for each day you are hospitalized for a covered accident.
What’s more, AD&D insurance pays in addition to primary insurance and can also be used to pay out-of-pocket medical expenses like deductibles and coinsurance.
Uses for the Dismemberment Benefit
Policy Form Series 2082 may not be available in all states.
The policy has exclusions and limitations. Benefits may vary by state.
This product is not available in AK, AL, CT, DC, FL, MA, ME, MN, MS, MT, NH, NJ, NY, OR, SD, VT, WA, WI