Is Life Insurance And Accidental Death The Same?

Life insurance and accidental death insurance are two different types of coverage, although they may have some similarities. Accidental death and dismemberment (AD&D) insurance is a type of life insurance that covers specific types of accidents that result in death or serious injuries such as the loss of a limb, paralysis, or blindness. AD&D coverage is available as a standalone policy or as a rider to an existing life policy. On the other hand, life insurance covers death from any cause, including accidents and natural causes.

What’s the Difference Between AD&D and Life Insurance?

The main difference between AD&D and life insurance is that AD&D only pays out if the insured dies or suffers a serious injury due to a covered accident, while life insurance pays out for death from any cause. However, some life insurance policies may offer an AD&D rider that provides additional benefits in case of accidental death or injury.

To help better understand the differences between AD&D and life insurance, here is a table that shows the key distinctions:

Accidental Death and Dismemberment (AD&D) Life Insurance
Coverage Accidental death, dismemberment, and certain injuries Death from any cause
Benefit Lump-sum payment to the beneficiary Lump-sum payment to the beneficiary
Cost Less expensive than life insurance More expensive than AD&D insurance
Availability Available as a standalone policy or as a rider to a life policy Available as a standalone policy or as a rider to an AD&D policy
Coverage Limitations Covers only specific accidents and injuries Covers death from any cause

Who Should Get AD&D Insurance?

AD&D insurance may be a good option for individuals who are at a higher risk of accidental death or serious injury due to their profession or lifestyle. However, it’s important to note that AD&D insurance may not cover all types of accidents or injuries, and it may not be available to everyone. For those who are concerned about accidental death or injury, adding an AD&D rider to a life insurance policy can provide additional protection.

If you’re considering AD&D insurance or a life insurance policy with an AD&D rider, it’s important to shop around and compare rates and coverage options to find the best policy for your needs and budget. Additionally, you may want to consult with a licensed insurance representative to help you understand your options and make an informed decision.

Burial Insurance Rates
Brand Name Life Insurance Carriers

Our carriers beat Colonial Penn, Globe Life, and AARP  96% of the time*

* Based on website quote requests, through 5/31/23.
(Check your rate to see their rates vs. ours)

Check Out Another FAQ!