How does Accidental Death and Dismemberment (AD&D) insurance work?
AD&D is insurance that pays if you die or are disabled as a result of injuries caused by a covered accident (not due to an illness). A covered accident is one that is explicitly mentioned in the Policy as a basis for payment, such as loss of a limb. Accidental Death & Dismemberment coverage generally features: • High death benefit limits. • Affordable premiums. • No medical exam or proof of insurability requirement. You can usually obtain this coverage even if you do not otherwise qualify for insurance. • Benefits paid in addition to any other insurance. • Benefits are often paid for dismemberment of limbs and hands/feet, as well as loss of vision. The benefit paid is generally a percentage of the death benefit (e.g., loss of one hand may qualify for payment of 50% of the death benefit).
