What Is Accidental Death Insurance | 2022 Update

Learning More About Accidental Death vs. Life Insurance

What do you need to know about accidental death insurance? 

First, this is also referred to as AD&D or accidental death and dismemberment insurance. Many times this is the only alternative to permanent and term life insurance options. 

This type of insurance is available through many different companies and the name says it all…

The loved ones of the deceased get a lump sum payout when accidental death insurance is paid out. This is called the death benefit. Natural causes or illness-related deaths aren’t paid out through this type of insurance.

What about the dismemberment coverage? 

If you lose a limb, become paralyzed, or severely injured, this part of your insurance may pay money out to you. However, that doesn’t apply to every accidental death insurance policy. 

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