Affordable protection. Life insurance is cheaper than you think. This is especially true for accidental death. ADB plans cost less than traditional life insurance because they only cover for covered accidents.
Accidental death insurance can either be purchased in a single policy or packaged with other policies. Similar to a regular policy of life insurance, an accidental-death policy pays a beneficiary a death benefit. However, this policy only covers you in the event that you are covered by an accident.
Additional to your basic term coverage, accidental loss and dismemberment insurance can be a low-cost option to cover unexpected events such as death, speech, hearing and sight loss, paralysis, or other losses.
Your new job places you in potentially dangerous environments. You want more life insurance, but are not able to wait for approval.
AD&D insurance protects against fatal or non-fatal accident involving dismemberment of the eye or loss of hearing.
Most policies include benefits, which are added to life insurance or another coverage. Surviving beneficiaries may also use the money however it suits them.
Unexpected events can strike anyone. ADB policies can help you and your family be financially prepared for unexpected 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.