Why Offer Accidental Death or Dismemberment?
Why offer an AD&D policy? The main purpose of this type of insurance is to provide financial support to a designated beneficiary in the event of your employee’s accidental death or severe injury. Accidents can happen just about anywhere—not just at work. If your employee dies or is irrevocably injured under the terms of the policy, the lump-sum benefit, as well as the additional services included in many policies, can make an appreciable difference. While these are relatively rare occurrences, they are frequently life changing.Read More
Offer AD&D as a Basic Voluntary Coverage
Employers typically offer AD&D policies to their employees on a voluntary basis. As an employer, you can make this 100% voluntary, to be paid for by your employees. They can purchase them as a standalone plan, but they’re frequently added on as a rider to a life insurance policy. You can also offer your employees the option to elect and pay for coverage for their spouses and dependent children.Read More
AD&D Covers Loss of Limbs or Vital Functions
What’s defined in an AD&D policy as “accidental dismemberment” sets it apart from other types of insurance. The qualifying coverage under an AD&D policy is always very clearly specified; it’s only applicable to an injury that results in the loss of some vital function like speech or hearing, a limb like a leg, or a vital part of the body, such as a hand.Read More