Why Buy Accidental Death & Dismemberment Insurance?

Accidental death and dismemberment insurance is an inexpensive option in addition to life insurance.

What is Accidental Death and Dismemberment Insurance?

Accidental death insurance pays beneficiaries in the event of the accidental death of the insured. Dismemberment coverage pays the insured in the case of loss of limb or eyesight.

Benefits in Accidental Death Coverage

Benefits outlined in the insured's policy determine the amount of payment. The payment in case of accidental death usually ranges from $20,000 to $500,000.

Benefits in Dismemberment Coverage

The policy lists specific payment amounts for specific types of dismemberment.

Cost of Insurance

The cost of the accidental death and dismemberment insurance option is minimal. For $10 to $20 a year, a family can receive a $50,000 benefit.

Reasons for Coverage

At minimal cost, the insured protects himself and his family from financial hardships faced following accidental death or dismemberment.

Cautions

Not all causes of death or dismemberment might be covered. For example, most policies don't cover suicide or death in war. Make sure you understand all the limits and restrictions of a policy before you buy.

References

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Resources

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