{"id":4396,"date":"2020-08-21T19:59:00","date_gmt":"2020-08-21T19:59:00","guid":{"rendered":"https:\/\/www.freeway.com\/knowledge-center\/?p=4396"},"modified":"2025-01-17T21:27:21","modified_gmt":"2025-01-17T21:27:21","slug":"what-is-add-insurance","status":"publish","type":"post","link":"https:\/\/www.freeway.com\/knowledge-center\/add-insurance\/understanding-add-insurance\/what-is-add-insurance\/","title":{"rendered":"5 Things to Know About AD&D Insurance"},"content":{"rendered":"\n

Providing for your loved ones is likely one of your top priorities. They rely on you, and you can\u2019t help but wonder what will happen if you suffer a fatal injury. Will your loved ones be able to pay the bills, or will they suffer? Fortunately, you can safeguard their financial future by purchasing AD&D insurance. Learn more about it to see if it\u2019s the right choice for you.<\/p>\n\n\n\n

1. What Is AD&D Insurance?<\/h2>\n\n\n\n

AD&D stands for accidental death and dismemberment. If you have a policy and die in an accident, your beneficiaries will receive the payout. This is usually dispersed in a lump sum. <\/p>\n\n\n\n

If you get dismembered due to an injury, you will receive the payout. The payout might range from 25 to 100 percent, depending on what you lose. For instance, losing a thumb could result in a 25 percent payout, while the loss of speech or hearing might be a 100 percent payout. <\/p>\n\n\n\n

2. What Is Covered Under Accidental Death and Dismemberment Insurance? <\/h2>\n\n\n\n

AD&D insurance covers accidental deaths and dismemberments that occur at work, at home, or while traveling. Many companies pay up to triple the amount when death occurs on public transportation. <\/p>\n\n\n\n

While death must be accidental, it doesn\u2019t have to be immediate. Most policies will provide the payout if the death occurs within several months of the accident. Each policy has different rules, though, so speak to an insurance agent to learn the details before purchasing.<\/p>\n\n\n\n

3. What Isn\u2019t Covered? <\/h2>\n\n\n\n
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Accidental death and dismemberment insurance does not cover deaths from natural causes such as a heart attack. AD&D insurance also does not cover:<\/p>\n\n\n\n