What Is Voluntary Life Insurance And Ad&D?

Voluntary group accidental death and dismemberment (AD&D) insurance is an additional coverage option for employees who wish to increase their financial protection in the event of an accident leading to death or dismemberment. This coverage can be added to an existing employee benefits package. It is a low-cost way to add value and meet employee demand for additional coverage. Employers can easily administer this benefit as part of their comprehensive employee benefits program.

Adding AD&D coverage is crucial considering that accidents are the third leading cause of death in the United States. According to a report by the Federal Reserve Board Division of Consumer and Community Affairs, more than 39% of Americans cannot afford a $400 emergency expense without borrowing money or using a credit card.

Voluntary group AD&D insurance provides additional financial protection to the insured’s family if their death or dismemberment was due to a covered accident, whether it occurred at work or elsewhere. This coverage can be added in different ways, such as a rider to a term life policy or as an additional AD&D benefit.

Business Travel Accident Coverage

Business travel accident coverage provides a lump-sum payment if an employee dies or is injured from a covered accident while traveling for business. This coverage can also be added to a benefit package, giving employees additional financial protection when traveling for work.

Conclusion

Voluntary group AD&D insurance is an affordable way to increase financial protection for employees and their families. It is a valuable addition to any employer’s comprehensive benefits program. To learn more about voluntary group AD&D insurance and tailor a plan that suits your needs, please consult with your financial professional.

Insurance Products	Issuers	Headquarters
Life Insurance	Minnesota Life Insurance Company or Securian Life Insurance Company	Saint Paul, MN
Property and Casualty Insurance	Securian Casualty Company	New York