Tuesday, March 28

Benefits of 24-Hour Accidental Death and Dismemberment Insurance


Statistically, accidents account for almost 6% of deaths in the USA. And since you can’t control accidents, you need coverage such as 24-hour life insurance. The 24-hour accidental death and dismemberment (24-Hour AD&D) insurance will protect against unfortunate accidents that lead to life-impairing injuries that affect limbs, vision, and voice or lead to death. This insurance coverage has the following benefits and is the main reason you should buy it.

Round the Clock Coverage

Unlike other insurance covers that only protect you at work or in specific places, the 24 hour life insurance AD&D provides coverage for eligible members, whether off duty or at work. This insurance will compensate you for injuries at any time, which means whether you are at home or on the road. And to top it all off, this insurance covers you even if you travel on a common carrier such as a cruise ship.

Financial Freedom

Life-altering injuries can cause financial distress since you won’t be able to work like you used to. The 24-Hour AD&D provides partial benefit in the unfortunate event of such injuries. This insurance will compensate you so that you don’t go into financial ruin due to such injuries. It would be best to note that this insurance won’t compensate you in case of accidents caused by drunk driving or risky activities such as skydiving and rock climbing.

Cost Effective Supplement for Life Insurance

Sometimes life insurance policy can’t be enough for your beneficiaries. If that’s the case, 24-Hour AD&D is the cost-effective option to supplement your insurance policy. The payout to your beneficiaries in case of death will go a long way to ensuring they are financially well in your absence. Therefore, it would be best to take it even if you have an insurance life policy.

Higher Payout

24-Hour AD&D pays higher in case of accidents, especially if you are a fare-paying passenger on a commercial means of transport. You will get enough money to cover your day-to-day expenses if you are involved in a bus or train accident. And in the case of death, your beneficiaries will get enough compensation to sustain them in your absence. It would be best to buy such a policy from an insurance agency that has a track record of paying.

Peace of Mind

Finally, 24-Hour AD&D goes a long way in giving you peace of mind. Buying the policy from a reputable insurance agency will enable your family to give you a decent sendoff without having to pay for it themselves. You won’t be worried about how your family will fair in case of injuries. In addition, you won’t have to worry about final expenses in case of accidental death.

You can’t predict the possibility of having a life-altering accident or one that leads to death. That’s why you need coverage such as 24 hour life insurance. This insurance covers you wherever you are throughout the day. And in case of an accident, the insurance agency you bought it from will compensate you to ensure that you don’t suffer financially. Therefore, it would be best to buy it today and enjoy the benefits you have read about in this article.