accidental death and dismembership insurance
For those under 25 years of age, riders may be available on traditional life insurance policies to provide coverage for accidental death.
How important are you to your loved ones? To supplement your existing life insurance policy, you might need an additional layer of coverage for just-in-case. Perhaps you are looking for a fast approval process that does not require any medical exams or health questions. You may also want to provide for your heirs in case of an unfortunate accident.
The principal difference between AD&D and life insurance is the circumstances under care a policy pays a death benefit. AD&D insurance has a lower premium because coverage does not include payouts for injuries. If you are unable to work or have a family member, you might need life insurance.
For those under 25 years of age, riders may be available on traditional life insurance policies to provide coverage for accidental death.
An AD&D Policy can help you protect against accidental death, if your occupation is dangerous, or if you engage in risky hobbies, sports, or other activities.
Affordable protection. Affordable protection. ADB plans are less expensive than traditional life insurance policies because you're only covered for an accident.
Unexpected events can strike anyone. ADB policies will help to ensure that your family and you are financially ready for any unexpected expenses.
Traumatic accidents happen every day without anyone realizing it. These accidents can cause grief and trauma, but they also lead to lost income, unexpected medical expenses, and other expenses.
Typically, accidental death covers exceptional circumstances, such as exposure to the elements, traffic accidents, homicide, falls, drowning, and accidents involving heavy equipment. AD&D insurance is supplemental life insurance and not an acceptable substitute for term life insurance.
Accidental death insurance
While accidents only accounted for 5.4% of deaths in the United States in 2016, they made up 30.2% of deaths for people between the ages of 25 to 44. This is why accidental death insurance typically isn't worth it if you're near retirement age or just need coverage for end-of-life expenses.
When accidental deaths occur, though, typical causes of accidental death or dismemberment claims are motor vehicle accidents, falls, poisoning, drowning, and gunshot injuries. Death by homicide is also considered an accidental death. But not every death resulting from such causes would be considered accidental.