Many of our everyday activities come with built-in risks. Each time you commute to work or board a plane for a work trip, for example, you do so expecting to arrive safely at your destination.
Unfortunately, accidents happen more often than we'd like to think. In fact, accidental death is the number four cause of death, according to the Centers for Disease Control and Prevention.1
If you died unexpectedly in an accident, it would, of course, be emotionally devastating for the people who love you. But it could also be financially devastating for them, as your loved ones would likely need to cover the cost of your funeral and medical bills — not to mention the costs associated with maintaining your household.
While you can't predict accidents, you can certainly plan for them.
That's why we offer Accidental Death and Dismemberment (AD&D) Insurance, which can help to protect you and your family should you get seriously injured or killed in a covered accident.
Ready to get started? Get a Accidental Death Insurance quote now, or read on to learn why accidental death insurance may be just what you need.
Accidental Death and Dismemberment Insurance, or AD&D Insurance, can provide financial benefits if you are killed; or lose a limb, suffer blindness, or are paralyzed in a covered accident.
Just as its name implies, an accidental death and dismemberment insurance policy covers death or injuries that are proven to be the direct result of a covered accident.
Accidents involving work-related machinery, poisoning, falls, suffocation, choking, drowning, and fires are generally covered by an accidental death and dismemberment policy. An AD&D policy also covers dismemberment (partial or total loss of a hand, arm, or other body part), as well as paralysis and the loss of sight, speech, or hearing.
It also typically covers injuries or deaths that result from an accident that occurs while riding as a fare-paying passenger on a bus, train, airplane, ferry, taxi, or another common carrier.
Additionally, an AD&D policy covers dismemberment (partial or total loss of a hand, arm, or other body part), as well as paralysis and the loss of sight, speech, or hearing.
Generally, a death must occur within a few months of the accident in order to be covered by the policy. Death or injury that is not directly the result of an accident is not covered.
AD&D Insurance is a way to help protect your family during an already difficult time in their lives.
Many people choose an accidental death insurance policy because it doesn't require you to complete a medical exam. This is ideal for people who may have had a hard time getting approved for a term or whole life insurance policy in the past, both of which may require a medical exam for approval.
As long as you meet the age requirement (18 to 80 years old), you can't be turned down for any health-related reason.
You can't be turned down due to your occupation either. If you're a firefighter or a police officer, for example, your passion for protecting others wouldn't prevent you from protecting your family, too.
Although it's not a life insurance policy, accidental death insurance can provide some degree of coverage for people who might otherwise have none, due to a health issue.
Best of all, it's fast and easy to get covered. Since there is no medical exam to take or long forms to fill out, you can get covered today with no waiting period.
After the claim is processed, the insurance carrier pays out the coverage amount in one single lump-sum payment. That means that you or your loved ones will get all the money at once, when it's needed most, without having to wait.
AD&D Insurance provides compensation called "living benefits" for injuries suffered in certain types of accidents. Living benefits can be provided for injuries including paralysis, the loss of an arm, hand, leg or foot, and blindness.
If you lose one limb, you would qualify for 50 percent of your policy coverage amount. If two or more limbs were lost, you would qualify for 100 percent of your policy coverage amount. Also, the amount paid to you as living benefits is not deducted from your policy's coverage amount, which remains in full effect to help cover future injuries or death.
If you are injured or killed in an accident while riding as a fare-paying passenger on a bus, train, airplane, ferry, taxi, or other type of common carrier, you are entitled to double, or even triple, the coverage amount of your AD&D Insurance policy.
Want even faster coverage? Speak to one of our helpful agents at 800-294-4544 and receive coverage within minutes.
Don't leave your spouse, children, or other family members behind with a financial hardship if you die in an accident. Take a few minutes right now to request a free, no-medical accidental death insurance quote from AIG Direct.
An Accidental Death insurance policy is a limited benefit policy. Certain exclusions and limitations apply.
Benefits will automatically reduce by 50% on the policy anniversary following the insured person's attainment of age 70, or after five years from the effective date, whichever provides the longer period of coverage.
The maximum benefit for policyholders between ages 70 and 80 is $250,000.
The common carrier benefit means if we pay any benefit as a result of an accidental injury that occurs while the policyholder is riding as a fare-paying passenger inside a common carrier, we will pay an additional benefit equal to any benefit paid as an accidental death benefit or a dismemberment benefit or a paralysis benefit.
Common carrier means a taxi, school bus, streetcar, bus, train, ship, ferry, or airplane which is duly licensed by the proper authority for the sole purpose of transporting public passengers for a fee.
The policy is guaranteed renewable for life. This means that you may continue the coverage for life by paying premiums when they are due. Premiums may be changed, but only on a class basis, not based on your individual claim history.
Guarantees are backed by the claims-paying ability of the issuing insurance company.
Our satisfied customers can tell you more about our life insurance products than any advertising campaign ever could. Read reviews from real-life customers who have purchased accidental death insurance through AIG Direct.
The endorsements/testimonials presented should not be construed as a recommendation to purchase, or an indication of the value of any product or service. The testimonials are actual AIG Direct customers who are not affiliated with AIG Direct and were not provided compensation.
1 “Accidents or Unintentional Injuries,” Centers for Disease Control and Prevention, Last Updated March 2017, Web, Accessed July 2018 (https://www.cdc.gov/nchs/fastats/accidental-injury.htm)