You may be eligible for coverage through your employer. A rider can also be added to an existing policy of standard life insurance. Your life insurance policy would pay extra if you were to die from a covered event.
Accidental Death Insurance provides financial support to your loved ones in case you become incapacitated due to an accident. It is available to anyone aged 18-70. You cannot be denied if your age qualifies you for this guaranteed coverage.
An AD&D policy may be an option if you are concerned about an accidental death, work in an unsafe occupation, or have risky hobbies and sports.
Aside from your basic term life insurance, accidental death or dismemberment coverage may be an affordable way to protect against sudden events that can cause loss of life, speech and hearing, sight, paralysis, and other damages.
AD&D insurance provides one option to help protect your family’s assets.
Your new job will take you to potentially dangerous places. You are looking for additional life insurance and don't have enough time to go through lengthy approvals.
AD&D insurance can be one of the protections you can take to protect your family's financial future.
Typically, accidental death covers exceptional circumstances, such as exposure to the elements, traffic accidents, homicide, falls, drowning, and accidents involving heavy equipment. AD&D insurance is supplemental life insurance and not an acceptable substitute for term life insurance.
Accidental death insurance
While accidents only accounted for 5.4% of deaths in the United States in 2016, they made up 30.2% of deaths for people between the ages of 25 to 44. This is why accidental death insurance typically isn't worth it if you're near retirement age or just need coverage for end-of-life expenses.
When accidental deaths occur, though, typical causes of accidental death or dismemberment claims are motor vehicle accidents, falls, poisoning, drowning, and gunshot injuries. Death by homicide is also considered an accidental death. But not every death resulting from such causes would be considered accidental.