Accidental Death and Dismemberment (AD&D) Insurance

If you are seriously injured or die suddenly due to an accident, your family will face unexpected expenses and will have to make financial decisions quickly. Accidental Death and Dismemberment insurance can cover major expenses like funeral costs and loss of income for family members. If you are severely injured in an accident, you may have expenses that are not covered by other insurance, like special equipment and the cost of renovating your home to make it accessible.

I do not have any dependents.

Many people assume that if they do not have dependents, they do not need to prepare. If anyone would be affected financially by your death or catastrophic injury for any reason (funeral expenses, hospital bills, mortgage, loans or credit card debt), an AD&D insurance policy can help cover these types of expenses. You should also consider parents or siblings who, while not your dependents, may need or receive financial support from you.

I do not have a high-risk lifestyle.

You do not need to have one to be at risk, unfortunately. For example, if you are age 25-34 (the single most important earning period of an individual’s life), you are 4.5 times more likely to die from an accident than from cancer. In fact, according to the CDC, accidental death is your single greatest risk between the ages of 25-44 and the 4th leading cause of death across all age groups combined.

The application process is probably complicated.

Actually, you cannot be turned down for this insurance if your employer deems you eligible. Coverage is guaranteed and there is no medical underwriting or late entrant penalties.