An accidental death and dismemberment policy is not full life insurance. It pays out a lump sum if you die as a result of an accident. It doesn’t cover you for death by natural causes and that’s why the premiums are low. Accidental death is a limited life insurance policy, designed to cover the insured in the event of death due to an accident.
A death insurance policy has certain stipulations, and does not typically cover death resulting from health problems, such as serious illnesses or suicide. The specific aspects and details of what may or may not be covered by AD&D policy will be detailed with each provider. Death must be sudden, involuntary and unexpected where a disease should not be involved.
Motor vehicle accidents
Air and rail accidents
The beneficiary is the person who receives the lump sum of any AD&D life insurance policy. The amount payed is designated by each insurance company and the beneficiaries are assigned by the death insurance policy holders.
Be confident on asking us any enquire you may have. In case you are considering an accidental death and dismemberment policy, let our experts can determine which is the best option for you.