If you suffer a covered accidental death, dismemberment, paralysis or coma, cash benefits can be used to pay for living expenses, college tuition, funeral costs, or any other out-of-pocket costs.
Accidental death insurance, also known as accidental death and dismemberment (AD&D) insurance, is a type of coverage that provides financial protection in the event of death or serious injury resulting from an accident. Unlike traditional life insurance, which typically covers death from any cause, accidental death insurance specifically focuses on deaths caused by accidents such as car crashes, falls, or other unforeseen incidents. The benefits of accidental death insurance include providing a lump sum payment to the beneficiary in the event of the insured's death or compensation for specific injuries such as loss of limbs, eyesight, or hearing due to accidents. This insurance provides an added layer of financial security for individuals and their families in the event of unexpected accidents, helping to ease the burden of medical bills, funeral costs, and other expenses during a difficult time.
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