Accident (AD&D) Insurance Buying Tips
Be Prepared – An Accident Can Happen At Any Time
Protect yourself with cash and personal care, because peace of mind is no accident
Understanding Accidental Death & Dismemberment
You go out of your way to be careful, and protect your loved ones. Unfortunately though, accidents do happen. Accidental death & dismemberment (AD&D) insurance is a cost-effective way to protect you and your family in the event of an accident resulting in death or serious injury.
It’s a fact that few people truly appreciate the importance and value of AD&D insurance. Upon closer review however, those who may have never considered it in the past, come to understand its usefulness.
AD&D benefits are paid when the insured dies or suffers a severe injury as the result of an accident. In the case of an injury, the benefit amount will depend upon the type of injury. The more serious the injury, the greater the benefit amount.
The Differences Between AD&D and Life Insurance
Life insurance benefits are paid to the beneficiary when the policyholder dies. Similarly, AD&D benefits are paid to the beneficiary when the policyholder dies, but only as the result of an accident. However, if the insured were to suffer an accident and their life is saved at the cost of a limb or other important body part – such as an eye – AD&D insurance pays the insured certain benefits for the disabling accident.
Think about it, if you were to lose your eyes or a limb as the result of a severe accident, it could dramatically change your life. Benefits offered with AD&D insurance are lump sum payments designed to help you cope and adjust to your new situation.
Before you purchase your insurance, be sure to select the coverage amount you feel is necessary to protect yourself and your loved ones. The worst time to discover that your coverage wasn't sufficient is after suffering an accident.
Accidental death & dismemberment insurance offers you and your family the peace of mind and financial protection when it’s needed most.