What is accidental death and dismemberment coverage?
Accidental death and dismemberment coverage provides you and your family with the security of knowing that in the event of a tragic accident, your family will be financially stable. If your loved one passes away or becomes dismembered after an unexpected disability accident, this type of insurance may pay out benefits to help you cover medical costs and continue paying daily living expenses, such as mortgage or rent, or it may pay a lump sum one-time payment. Unlike life insurance, accidental death and dismemberment coverage provides disability benefits if the insured loses a limb, speech, hearing or sight from an accident. The comparatively low premiums of this type of insurance, compared to its substantial payouts, make this a wise investment for any family or business.
Was your question answered? Yes
Other Similar Questions
When does accidental death & dismemberment pay benefits?
In what situations can people make Accidental Death & Dismemberment claims?
What is the base benefit amount under my loved one's accidental death and dismemberment policy?
Ask Share Lawyers
This searchable database contains information about disability, critical illness and life insurance claims, and what you can do if you are denied or cut
off of your benefits. It is a collection of the most common questions we receive from our clients. General answers have been provided by our lawyers.