ACCIDENTAL DEATH & DISMEMBERMENT INSURANCE

Accidental Death and Dismemberment Insurance pays a death benefit if the insured dies in an accident. Also, a specified amount would also be paid to the insured or the beneficiaries if the insured loses his or her eyesight, speech, hearing or a limb as the result of an accident. To receive the benefits, the death or injuries must be proven, direct results of the accident. Also, the injuries or death usually must occur within a certain period of time after the accident.

Dismemberment coverage is paid out on a “per-member” basis. For example, if you lose one member (a hand, foot, limb, sight in one eye, speech or hearing), the insurance company will usually pay a percentage of the full benefit, generally 50%. If you lose two members, you will receive the whole benefit. For partial or complete paralysis, coverages vary but are usually 25 to 50%.

Contact Sukhinder S Gill today for a quote or to arrange a review of your insurance needs.