What Does Accidental Death And Disability Insurance Cover?
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63333 POINTSview profilePeggy MaceMost of the U.S.I know of only one product called Accidental Death and Disability Insurance, and it is a product sold by Assurant. In the United States, Accidental Death Insurance is different from Disability Insurance. Accidental Death coverage pays a lump sum if someone dies from a serious accident. Disability Insurance pays a monthly benefit to survivors of accident or illness who are disabled as a result.Answered on September 9, 2013flag this answer
61667 POINTSview profileSteve SavantSyndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale ArizonaAccidental death is a mortality insurance product that pays on the accidental death of the policy insured. Dying of natural causes or a disease would not trigger the benefit. Disability insurance is a morbidity insurance product that pays a monthly income after the elimination period for prolonged sickness and recovery from injury. Income benefits are generally tax free.Answered on September 10, 2013flag this answer
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