Buying Accidental Death & Dismemberment Insurance
You donít want to pay life insurance premiums, but you want your family to be protected financially from that uncanny accident. Accidental death insurance is very cheap because they rarely pay out. But thereís no reason you canít have "gobs" of near-free accidental death and dismemberment.
Accidental death & dismemberment is for people that want inexpensive low benefit, accidental coverage.
Accidental death & dismemberment is not for people that want more comprehensive coverage in case of any type of misfortune.
Accidental death insurance disadvantages:
Death from non cancer type illness doesnít pay
Impossible to buy except through a group, credit card or credit union
Few may collect
Accidental death insurance advantages:
No medical exams
Protects from the unexpected
Accidental death & dismemberment savings tips:
Accept all the free AD&D youíre given
Keep your ear to the ground for special deals
Get it as a rider on your other life policies
Summary: Find out the perimeters that the company uses to rule your death accidental and pay out your benefit. Keep in mind if your death is not accidental, your heirs will not get paid.