What Is Basic Life And Ad D Insurance?
1492 POINTSview profileJeff DavisInsurance Advisor, Lordship Insurance Services, CaliforniaBasic Life is a policy that does not offer a huge face amount. It is moreso intended to give the insured money to cover final expenses and maybe have a few thousands left over for miscellaneous expenses. There are other policies available if you are looking for face amounts over one hundred thousand dollars. AD&D is accidental death and dismemberment which will pay additional proceeds if the insured suffers an accident that results in either death or dismemberment.Answered on December 26, 2013flag this answer.JPG)
63333 POINTSview profilePeggy MaceMost of the U.S.Basic life insurance pays a beneficiary if death of the insured person occurs by any reason (except suicide in the first two years). AD&D stands for Accidental Death and Dismemberment insurance. It pays the beneficiary if death occurs by accident, or it pays the insured person if they lose a limb. Basic Life with AD&D is most likely a policy that combines both those types of insurance.Answered on December 26, 2013flag this answer
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