Planning for Your 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 4 minutes in America according to the 2010 Injury Facts report by the National Safety Council. In fact, accidents are the leading cause of death for adult Americans under the age of 34 and the fifth leading cause of death overall, and there are even more non-fatal but nonetheless disabling accidents every year—about 27.7 million.

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

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 for certain covered injuries caused by 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.
• Special education benefits to help pay for your children’s education.
• Broad coverage for an accident that happens while you are at work, home, or traveling.

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 protection offered by the the AIA Trust.