Accidental Death Insurance is also known as AD&D or Accidental Death and Dismemberment Insurance. This is a type of insurance policy that pays the full amount of proceeds to your beneficiaries if you die as a result of a fatal accident and not due to any illness. This type of insurance policy covers your back pocket and gives you peace of mind in case you are convinced that you can never be sure what you may die of and when.

There are no medical exams to take once you have decided to purchase an AD&D policy. You are guaranteed approval as long as you are at a legal age of 1880. You will qualify for AD&D insurance even when you have a preexisting medical condition and you cannot be turned down as long as you are between 1880.

Your loved ones who outlive you will benefit from this type if insurance policy by using proceeds to help reduce financial burden brought in by your demise. Proceeds from AD&D may be able to cover mortgage, medical bills, funeral expenses, lost wages and college funds. This type of Life Insurance covers death or injuries which are proven to be direct results of a covered accident. As the name implies, it also covers accidents wherein a policyholder becomes incapacitated due to loss of sight or sense of hearing. Loss of arms, hands or legs and also includes paralysis that involves loss of speech and ability to move.

What the Policy May Not Cover

Generally, a policyholder is expected to die within few months after the accident for it to fall under the AD&D policy without raising much scrutiny. Deaths that do not directly result from an accident will not be covered by this policy. AD&D does not cover death caused by surgery , mental illness, or any other medical problems. It does not cover deaths caused by suicide, or drunk driving or while a person is at war. AD&D also will not cover accidents that happen due to highrisk activities such as skydiving or bungee jumping.