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Accidental death and dismemberment insurance is oftentimes referred to as AD&D insurance.1 It is typically an added benefit or rider that can be added to specific kinds of health insurance, including supplemental insurance. Sometimes it is added to general health insurance plans, but other times it is added to life insurance plans.2
Aflac offers unique supplemental insurance policies that work with your primary health insurance policy to create more coverage. You can still receive accidental death and dismemberment benefits if your major medical plan or existing life insurance plan does not cover it. Aflac’s supplemental accident plan helps provide coverage for accidental death and dismemberment, so you are able to purchase it to complement your existing health or life insurance. Read on to learn what accidental death and dismemberment (AD&D) insurance is, what it covers, and how it compares to life insurance.
The AD&D insurance meaning refers to the coverage provided when a policyholder accidentally passes away or is dismembered. Dismemberment occurs when someone loses an entire body part (limb) or the use of a specific body part. This includes vision, hearing and speech.3
AD&D insurance coverage is specific and depends on the company you choose to work with. It is subject to their general rules and regulations. However, you can typically expect some level of coverage for the following:
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As noted earlier, sometimes accidental death and dismemberment insurance can be a benefit found in some life insurance plans.4 However, AD&D insurance can also be accessed through supplemental accident insurance, like the policy offered at Aflac.
Life insurance may be considered more of an investment than supplemental accident insurance. Life insurance costs can vary, while accident insurance rates can remain relatively low. On the other hand, life insurance typically grants you access to some type of death benefit. A death benefit is a sum of money that is paid to beneficiaries after the policyholder passes.5
Life insurance may be the better option if you are your family's main source of income, and you hope to provide substantial financial security for your loved ones after you pass. Aflac offers both life and supplemental accident insurance, so we recommend chatting with an agent to explore your options.
There are a handful of advantages and disadvantages to choosing AD&D insurance. Let’s dive in:
Now that you know what A&D insurance is, you can decide if you need this type of coverage. If purchasing life insurance feels like a big step, supplemental accident insurance may be an easier path forward. It can also still grant you the coverage you crave. Explore Aflac’s accident insurance more in-depth to understand the host of benefits offered.
1-4 Investopedia - Accidental Death and Dismemberment. Updated February 29, 2024. Accessed March 21, 2024. https://www.investopedia.com/terms/a/accidental-death-dismemberment-insurance.asp.
5 Investopedia - What Is a Death Benefit. Updated September 28, 2023. Accessed March 21, 2024. https://www.investopedia.com/terms/d/deathbenefit.asp.
Content within this article is provided for general informational purposes and is not provided as tax, legal, health, or financial advice for any person or for any specific situation. Employers, employees, and other individuals should contact their own advisers about their situations. For complete details, including availability and costs of Aflac insurance, please contact your local Aflac agent.
This is a brief product overview only. Coverage may not be available in all states. Benefits/premium rates may vary based on plan selected. Optional riders may be available at an additional cost. Policies and riders have limitations and exclusions that may affect benefits payable. For costs and complete details of the coverage, please contact your local Aflac agent.
Aflac insurance coverage is underwritten by Aflac. In New York, coverage underwritten by Aflac New York.
WWHQ | 1932 Wynnton Road | Columbus, GA 31999
Aflac Accident Insurance Policies - In Delaware, Policy A371AA & A371BA. In Idaho, Policies T37100IDR, T37200IDR, & T37300IDR. In Oklahoma, Policy A37000OK. In Virginia, Policies A371AAVA & A371BAVA.
Tier One Accident Insurance Policies - In Delaware, Policy T37000. In Idaho, Policies T37100ID, T37200ID, & T37300ID. In Oklahoma, Policy T37000OK. Not available in NY or VA.
Aflac coverage is underwritten by American Family Life Assurance Company of Columbus. In New York, coverage is underwritten by American Family Life Assurance Company of New York.
Tier One coverage is underwritten by Tier One Insurance Company.
Tier One Insurance Company is part of the Aflac family of insurers. In California, Tier One Insurance Company does business as Tier One Life Insurance Company (Tier One NAIC 92908).
Aflac family of insurers include Aflac, Aflac New York, Continental American Insurance Company, and Tier One Insurance Company.
Aflac | Tier One Insurance company | 1932 Wynnton Road | Columbus, GA 31999
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