Accidental Death & Dismemberment Insurance

Accidental Death Insurance is a policy that pays a death benefit in the event the insured passes away due to an accident. It is usually offered as an alternative to life insurance for those who don’t qualify for traditional life insurance and can’t afford guaranteed acceptance life insurance. And sometimes is purchased in combination with guaranteed acceptance life policies. Some carriers for accidental death insurance include or offer a rider for a dismemberment benefit which would pay out in the event the insured is involved in an accident that causes them to lose a hand, foot, or limb.