Why is AD&D coverage so much less expensive than life insurance (which pays for death from any cause)?
Actuarial studies indicate that only about one in 12 deaths are caused by accidents. The loss of hands, feet, arms, legs, or eyesight as a result of an accident is also a relatively rare occurrence. Since the risk is low, you can obtain AD&D coverage to supplement your Life Insurance for a relatively small additional premium.
Related Questions
- In addition to a death benefit, Life Insurance provides for continuation of coverage during total disability, how can such a claim be filed?
- Do I have to pay for coverage for Basic Life Insurance and Accidental Death & Dismemberment (AD&D) Insurance?
- Why is AD&D coverage so much less expensive than life insurance (which pays for death from any cause)?
