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Group Products
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Accidental Death and Dismemberment Insurance Plans
Accidents can happen in an instant—but the results of an accident can last a lifetime.
Our accidental death and dismemberment (AD&D) coverage provides your plan members with added financial security if they are faced with sudden and tragic circumstances. Table Start
Solutions That Fit Your Needs
- Provides added financial security after an accident
- Pays benefits directly to the plan member, or to the beneficiary in case of death
- Lets plan members add extra coverage
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Accidental death & dismemberment insurance
AD&D insurance provides plan members with financial support in the event of:
- An accidental death
- The accidental dismemberment of part or all of a limb (i.e. hands, feet, arms, legs, fingers or toes)
- Loss of sight, hearing or speech
With standard AD&D insurance:
- While benefit amounts can vary from plan to plan, typically the principal sum is payable for the loss of life, both hands or feet, or sight
- Fractions of the principal sum are payable for other losses (for example, 3/4 for the loss of a limb, 1/2 for speech or hearing, and 1/4 for the fingers of one hand)
- Benefits are paid directly to the plan member (or to the beneficiary designated by the employee in the case of loss of life)
Voluntary AD&D insurance
(Available to groups with more than 35 plan members)
Voluntary AD&D insurance allows plan members to buy additional AD&D coverage. With voluntary AD&D:
- Coverage provisions and exclusions are identical to those under a non-voluntary AD&D plan, as described above
- All applications are subject to review
- The plan member must be age 65 or under at the time of issue
- Coverage terminates at age 71
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