Do I Need Both Life Insurance And Ad&D?

If you want coverage in case you’re accidentally seriously injured, it can make sense to get an Accidental Death and Dismemberment (AD&D) policy or rider in addition to your standard life insurance policy. However, AD&D insurance isn’t a substitute for standard life insurance, as it only applies to accidental circumstances, while standard life insurance has an all-cause death benefit.

What is AD&D Insurance?

AD&D insurance is a type of life insurance that pays out a benefit only when the insured is in a covered accident that causes death or specific serious injuries such as the loss of a limb, paralysis, or blindness. AD&D coverage can be purchased as a standalone policy, or it can be added to a standard life policy as a rider.

What Does AD&D Cover?

The accidents and injuries your AD&D coverage can pay out for will be specified in the policy. Depending on your policy, accidental dismemberment might include not only the loss of a limb but also serious accidental trauma that prevents you from working. Accidents covered by AD&D insurance may include:

Accidents Covered
Car accidents

AD&D vs. ADB Life Insurance

Both AD&D and Accidental Death and Dismemberment (ADB) life insurance policies only pay out in the case of accidents. The main difference is that an ADB policy may only pay out for a fatal accident, while AD&D policies can also pay out for accidental dismemberment and certain accidental injuries.

Should You Get AD&D Insurance?

If you already have life insurance and you’re concerned about covering the costs of a serious accidental injury, it can make sense to supplement your life insurance with an AD&D standalone policy or rider. However, if you don’t qualify for standard life insurance, AD&D coverage may still be better than no coverage. An AD&D policy may be easier to qualify for because it doesn’t require a medical exam, and you can generally get an AD&D policy faster than a standard life policy.

If you’re considering an AD&D or ADB policy, speak with a licensed life insurance representative to determine the best coverage options for your needs and budget.

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