Planning for Your Family’s Financial Security

Safe driving and accident prevention may help to ensure your safety, yet you can still be the victim of someone else’s mistake.

Accidents kill someone every four minutes in America according to the National Safety Council.  In fact, accidents are the leading cause of death for adult Americans under the age of 44. They are the 5th leading cause of death overall and there are even more non-fatal but nonetheless disabling accidents every year–about 26.3 million.

Many Americans don’t understand the importance of having accident insurance. Auto insurance helps in the event of an accident, but may not cover all the resulting problems. Life insurance pays benefits to your family only when death results.

What is accident insurance?

Accidental Death and Dismemberment (AD&D) insurance is designed to pay your family a lump sum benefit if you were to die as a result of an accident. Importantly, it also provides coverage for you if you become disabled as the result of an accident. These benefits can then be used to help replace lost income, pay everyday living expenses, medical bills or meet other financial obligations. Often people purchase AD&D insurance to protect their family’s future financial needs. Many plans even offer benefits to help ensure your children are able to continue their education should your family lose you to an accident.

Here is what you can expect from most AD&D plans:

• High benefit amounts–some policies offer up to $500,000.00 in benefits.
• Payment in addition to other coverage, including life insurance.
• Additional benefits related to safety–such as using seatbelts.
• Special education benefits to help pay for your children’s education.
• Broad coverage, whether an accident happens while you are at work, home, or traveling (subject to U.S. Government regulations on restricted countries).

AD&D coverage is usually guaranteed acceptance with no medical requirements and is paid in addition to any life insurance you may currently have in the event of an accidental death. If you decide to purchase AD&D coverage, you should carefully review the benefits, rates and providers of the coverage to make sure it offers the best accident protection to meet your needs.

Learn more about the Group Accidental Death & Dismemberment Insurance Plan offered by the AIA Trust