Accidental death and
dismemberment insurance (also
known as
AD&D) is a form of
insurance covering death or specific
types of injury as a result of an
accident. In the event of accidental
death, this insurance will pay
benefits in addition to any life
insurance held. Death by illness,
suicide, or natural causes is
generally not covered by AD&D.
Additionally, AD&D generally pays
benefits for the loss of limbs,
fingers, sight and permanent
paralysis. The types of injuries
covered and the amount paid vary by
insurer and package, and are
explicitly enumerated in the
insurance policy.
You are covered
regardless of where the accident
happens: on the job, at home or
traveling worldwide.
There are five common types of
group AD&D plans offered in
Canada:
Group Life Supplement - the
AD&D benefit is included as part
of a group life insurance
contract, and the benefit amount
is usually the same as that of
the group life benefit;
Voluntary - the AD&D is
offered to members of a group as
a separate, elective benefit,
and premiums are generally paid
as a payroll deduction;
Travel Accident (Business
Trip) - the AD&D benefit is
provided privately and through
an employee benefit plan and
provides supplemental accident
protection to workers while they
are traveling on company
business (the entire premium is
usually paid by the employer);
Dependents - Some group AD&D
plans also provide coverage for
dependents.
Voluntary - the personal
AD&D is available to purchase
through an insurance broker.
Up to $1,000,000 of
Accidental Death and
Dismemberment Coverage
