You are looking for additional protection for your family. ADB may provide the extra protection you need even though it isn’t your primary coverage. The payout you pay your loved ones could help cover funeral and living expenses or other unexpected expenses after you pass away. ADB riders can be added to existing policies for additional coverage.
AD&D insurance can be one of the protections you can take to protect your family's financial future.
Your employer may offer coverage. Additionally, a rider can be added to an existing standard life insurance policy. If you had to die due to a covered incident, your life insurance policy would pay additional in addition to the policy's death benefit.
You need coverage quickly. You can get coverage immediately without waiting and without any medical exams. This coverage is ideal if you are traveling, or have a need for immediate insurance protection.
Accidental Death Insurance, also known as accidental dismemberment or accidental death, provides a benefit in the event that the insured is killed in an accident or becomes severely disabled, such as losing use of body parts. This policy is usually less expensive than most other types of life insurance but only pays when these events happen.
You can purchase accidental death insurance in one policy or bundle it with other policies. An accidental-death policy, which is similar to regular life insurance, pays a beneficiary a benefit. This policy does not cover you in the case of an accident.
Although an accidental-death insurance policy can be affordable, it does not provide the same level of protection as conventional life insurance policies. This type of policy is usually used to supplement life insurance coverage and not as a standalone policy.
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.