What is the definition of Accidental Death and Dismemberment (AD&D) Benefit?

The Accidental Death and Dismemberment Benefit is a supplementary benefit in addition to the basic death benefit in a life insurance policy. The Accidental Death and Dismemberment Benefit will provide an additional amount (usually the same amount as the original death benefit) in the event that the insured person dies because of an accident. That means that the beneficiaries will receive twice the death benefit. This is what is called double indemnity.

The Accidental Death and Dismemberment benefit will also pay a specified percentage of the death benefit if the insured person is dismembered - that is, he loses one or more limbs (arms and legs), the sight of one or both eyes and the loss of hearing as a result of an accident.

• Competitive State Fund
• Excess and Surplus Lines
• Commission
• Businessowners Policy / BOP
• Employer’s Liability