Accidental Death and Dismemberment (AD&D) insurance offers lump sum benefits for both death and serious permanent injuries due to an accidental event. It can be offered on a standalone basis or sold as a supplement to Life Insurance. Along with Life Insurance, Accidental Death benefits round out an employee’s total death benefit to help protect the families of the employee when income ceases due to the death of the employee.
Accidents are the leading cause of death for persons between the ages of 15 and 44.
Unlike Life Insurance, AD&D also offers lump sum benefits in the event that the employee survives a serious accidental event (living benefits). This is detailed in the policy’s dismemberment schedule:
|For Loss of:||Percentage of Principal Sum Paid|
|Two or more Limbs||100%|
|Loss of Speech||50%|
|Loss of Hearing (in both ears)||50%|
|Loss of Speech and Hearing||100%|
|Thumb and Index Finger of the Same Hand||25%|
Ponca Insurance LLC is focused on the customer. We cater to the needs of the small business owner while creating meaningful supplemental insurance products for the benefit of all employees. To learn more about AD&D insurance, give Ponca Insurance LLC a call at 609-212-3833.