Accidental Death Insurance: Protection Against Life’s Unexpected Events
Accidental Death Insurance, also known as Accidental Death and Dismemberment (AD&D) insurance, provides financial protection to beneficiaries in the event that the policyholder dies due to an accident. Unlike standard life insurance, which covers most causes of death, accidental death insurance is specifically designed to offer support when death or serious injury occurs due to unforeseen and sudden incidents.
What Is Accidental Death Insurance?
Accidental Death Insurance is a type of policy that pays a lump sum benefit if the insured dies as a direct result of an accident. Some policies also include dismemberment benefits—payments made if the policyholder suffers the loss of limbs, eyesight, or other critical functions due to an accident.
This type of insurance is often offered as:
A standalone policy
A rider or add-on to a life or health insurance policy