What Is Accidental Death & Dismemberment Insurance?
Accidental death and dismemberment (AD&D) insurance is a form of life and disability insurance. AD&D insurance is designed to provide your family with a lump sum of money in the event of your accidental death. AD&D insurance is also designed to provide you with lump sum compensation if life changing events occur such as an accident causing paraplegia or quadriplegia, loss of use of a hand or foot or loss of speech, hearing or vision.
The advantage of AD&D insurance is that it is generally less expensive than life insurance. The disadvantages of AD&D insurance are that it is not an investment like a whole life insurance policy and that there are often numerous exclusions contained in the policy. These exclusions often include no requirement to pay if a death occurs due to suicide, alcohol or drug abuse, illness, war, radiation or natural causes. Given the exclusions, insurance companies often delay paying out on AD&D death claims until an autopsy and investigation of the death has occurred.
If you have an AD&D claim that has been denied, it is important to speak to an experienced personal injury lawyer who can advise you on your legal rights.
