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Accidental Death and Dismemberment, (AD&D)
What Is Accidental Death & Dismemberment (AD&D) Insurance?
Accidental Death and Dismemberment is a life insurance product that pays proceeds to your designated beneficiaries if you die or are disabled as a result of injuries caused by a covered accident (not due to an illness).
Some organizations like to provide employer paid AD&D benefits to board members and or employees. AD&D maybe appropriate for individuals who are going to be traveling on business for that organization.
In the event of an accident, your organization may feel a moral obligation to provide some assistance to individuals or their family. Employers and organizations may not have a contractual obligation to provide AD&D, but on many occasions they provide compassionate assistance when they do not have AD&D in place. With AD&D coverage you may not need to consider a compassionate pay out.
Some policies have a provision that provides coverage on or off the job, 24 hours a day, 365 days a year, worldwide.
How Does It Work?
AD & D generally features:
- Accidental Death and Dismemberment benefits.
- Low premiums.
- No medical exam or proof of insurability requirement.
- Benefits paid in addition to any other insurance.
Accidental Death and Dismemberment, (AD&D)
What Is Accidental Death & Dismemberment (AD&D) Insurance?
Accidental Death and Dismemberment is a life insurance product that pays proceeds to your designated beneficiaries if you die or are disabled as a result of injuries caused by a covered accident (not due to an illness).
Some organizations like to provide employer paid (or organization paid) benefits to board members and or employees. AD&D may be appropriate for individuals who are going to be traveling on business for that organization.
In the event of an accident, your organization may feel a moral obligation to provide some assistance to individuals or their family., if AD&D is not provided. Employers and organizations may not have a contractual obligation to provide AD&D, but AD&D coverage responding to this unfortunate event provides a level of comfort to all concerned parties.
Some policies have a provision that provides coverage on or off the job, 24 hours a day, 365 days a year, worldwide.
How Does It Work?
AD & D generally features:
- Accidental Death and Dismemberment benefits.
- Low premiums.
- No medical exam or proof of insurability requirement.
- Benefits paid in addition to any other insurance.
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