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5 Things to Know About AD&D Insurance

Providing for your loved ones is likely one of your top priorities. They rely on you, and you can’t help but wonder what will happen if you suffer a fatal injury. Will your loved ones be able to pay the bills, or will they suffer? Fortunately, you can safeguard their financial future by purchasing AD&D insurance. Learn more about it to see if it’s the right choice for you.

1. What Is AD&D Insurance?

AD&D stands for accidental death and dismemberment. If you have a policy and die in an accident, your beneficiaries will receive the payout. This is usually dispersed in a lump sum. 

If you get dismembered due to an injury, you will receive the payout. The payout might range from 25 to 100 percent, depending on what you lose. For instance, losing a thumb could result in a 25 percent payout, while the loss of speech or hearing might be a 100 percent payout. 

2. What Is Covered Under Accidental Death and Dismemberment Insurance? 

AD&D insurance covers accidental deaths and dismemberments that occur at work, at home, or while traveling. Many companies pay up to triple the amount when death occurs on public transportation. 

While death must be accidental, it doesn’t have to be immediate. Most policies will provide the payout if the death occurs within several months of the accident. Each policy has different rules, though, so speak to an insurance agent to learn the details before purchasing.

3. What Isn’t Covered? 

paramedics helping patients with add insurance in front of ambulance

Accidental death and dismemberment insurance does not cover deaths from natural causes such as a heart attack. AD&D insurance also does not cover:

  • Suicide
  • Overdoses
  • Injuries incurred while committing a crime
  • Injuries while participating in extreme sports

Your coverage might have other exclusions, as well. Look into them before purchasing the policy. 

4. Where Can You Purchase an AD&D Insurance Policy?

You might be able to purchase AD&D insurance through your employer. If not, you can buy an individual policy or purchase a rider for your existing life insurance coverage. 

5. Is AD&D Insurance Worth the Cost?

Unintentional injuries were the third leading cause of death in the United States in 2017. The country also has a high fatal occupational injury rate. The rate sits at 3.5 deaths per 100,000 full-time workers

While many people suffer fatal accidents each year, the cost of AD&D Insurance is lower than traditional life insurance. The policy is worth the price because it will protect your loved ones if you suffer a fatal injury due to an accident. You will personally benefit from the protection as well if you are dismembered. You might be unable to return to work after suffering a dismemberment, and the payout will help you survive.

Getting a Quote for AD&D Insurance

If you don’t have AD&D insurance, now is a perfect time to get a quote. You can compare policies and prices and then buy one. After you secure your policy, you can rest easy knowing your family will be taken care of if anything happens to you.

Did you know that Freeway Insurance offers AD&D coverage? Get the peace of mind you need and start your free quote online, over the phone, or at one of our offices near you. 

Ready to Get a Quick Quote?