What is accidental death and dismemberment insurance?
Accidental Death and Dismemberment insurance provides a benefit if an injury resulting from an accident occurs that causes the death or other covered losses to the insured(s). [Return to Top] How do I know if I have a “family” or “single” plan of AD&D? Your certificate of insurance will reflect either the family or single plan type. [Return to Top] Does my coverage automatically decrease at a certain age? Yes, coverage amounts will decrease at a specified age. Please refer to your certificate of insurance or contact us for further information on your plan of insurance. You may contact our office at 1-800-779-5433 Monday through Friday – 7 a.m. to 8 p.m., and Saturday, 9 a.m. to 1 p.m., CT. [Return to Top] Who can change the beneficiary and how can this be done? The owner of the certificate has the right to change the beneficiary designation. A change can be made by completing the appropriate beneficiary change form. To obtain a beneficiary change form, please contact our Service Center
Accidental death and dismemberment insurance is basically life insurance with a very narrow focus when it comes to providing death benefit. A policy of this type usually will only pay a face amount if death occurs within 90 days of an accident of some type. It will not provide coverage for death resulting from a disease, illness or other decline in health due to non-accidental causes.
Many companies provide their employees with accident benefits, often in the form of accidental death and dismemberment (AD& D) policies or business travel insurance. Typically, these policies pay cash benefits to employees who suffer accidental dismemberment or to the beneficiaries of these employees if the employees die in an accident. The entire principal amount is usually paid in the case of an accidental death, with lesser amounts paid for dismemberment.
