Act Smart! Get AD&D Insurance Policy!

AD&D insurance, or better yet Accidental Death and Dismemberment insurance, is an insurance policy that covers and pays for the loss of a person's limbs, essential body parts, or even death, as a direct result of a fatal accident. Death caused by illness is not covered though, so it is in a way different from a life insurance policy. The accidental death and dismemberment insurance benefits are given to the insured, in cases of dismemberment, or to the survivor in cases of death.

AD&D Coverage

The coverage of AD&D insurance depends upon the insured's selected face value. The principal sum could range from $25,000 up to as much as a million dollars. There are also cases wherein the insured could allow his immediate family members ride in the policy. If so, they are entitled to the same benefits at a certain percentage of the principal sum.

AD&D insurance coverage is usually reduced when the insured reaches the age of 70. Also, the insurance is not applicable to death or dismemberment resulting from alcohol intoxication and driving under its influence or any other controlled substances. This is strictly enforced, unless a physician had advised the intake of the substance and that it is taken at the right dosage.

Who needs it?

Accidental death dismemberment insurance is advisable for any individual, usually companies, who are seeking low-cost but efficient accident coverage. People who are engaged in high risk jobs like heavy construction works and accidents at work may want to purchase this type of insurance, although the premiums is expected to be higher for their case. It also goes for people who like to engage extreme sports like bungee jumping. Some insurers would not even accept the application of these people who regularly participate in life-threatening sport and activities as part of their lifestyle or job. Frequent travelers, regardless if they regularly do it by air, land, or sea, are the people who benefit most from this type of policy.

The Features of Accidental Death & Dismemberment Insurance

1. Low Premium
   An individual life AD&D insurance could have a monthly premium as low as $7.95 a month. For that premium, the benefits give are usually $100,000 for dismemberment and $200,000 or more for death. Paying for insurance with this face value has never been this low.
2. High Death Benefits Limit
   Death benefits are actually computed to as twice as the dismemberment benefits, although some insurer just treat both cases under the principal sum. Death benefits are paid directly to survivors. Some insurance companies even pay as high as $1,000,000 in death benefits, but it depends upon the insurance plan selected and the manner of death.
3. Eligibility for a Family Plan
   For a minimum additional amount, some insurers are willing to take in the whole family of the insured. The insurer also gives training benefits to the rest of the insured family members to explain accidental death and dismemberment insurance to them. Usually, a spouse's coverage is 45% to 50% insured, with the children gets 10% to 20%.

Continue to: Benefits from AD&D

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