AD&D Can be an Important Element in Your Overall Coverage
Life insurance is a low-cost and very effective means to protect loved ones and to save for the future, and the intent at time of purchase is to live a long life. No one plans to be injured in an accident or to die at an early age, but our lives don’t always go according to plan and it is prudent to be prepared.
We all would like to grow old and have a peaceful exit from this world, but according to the Center for Disease Control and Prevention (CDC) the top 5 causes of death in the U.S. are:
- Heart disease: 635,260
- Cancer: 598,038
- Accidents (unintentional injuries): 161,374
- Chronic lower respiratory diseases: 154,596
- Stroke (cerebrovascular diseases): 142,142
Most people are surprised to see that accidents are so high on the list, and health-conscious people exercise, eat right, and do everything they can to avoid numbers 1,2,4, and 5 on the list. You can certainly lessen your chances of being injured or killed in an accident by making wise choices when you drive or get involved in other activities. But when an accident comes your way, and you can’t plan for that, it’s a good idea to be prepared and have a plan for the consequences.
Accidental Death and Dismemberment Insurance usually comes as a rider, or additional clause, to a life insurance policy. It will provide funds if the insured person suffers a serious injury or is killed in an accident. A person who has a spouse and children may want to seriously consider this type of coverage to protect their loved ones from a sudden loss of income.
However, insurance is not always a black and white matter and beneficiaries have known to question settlements and payouts after filing claims. This is one of the reasons we always advised people to carefully read their policies and ask for help if anything is not 100% clear.
Bill Hager founded Insurance Metrics Corp. because he believes there should be a cooperative and mutually beneficial relationship between insurance companies and their customers, whether they are individuals or commercial entities. Insurance is vital to our society, to business, and to individuals who rely on it for security and peace-of-mind.
If you ever have questions about life insurance, AD&D insurance, or any other issue related to insurance, please feel free to give us a call at 561-306-5072 and thank you.