What Is Add Insurance. ADD insurance pays out a death benefit if an insured individual dies due to a covered accidental cause. ADD pays only for a limited list of accidents whereas a term life insurance policy pays out for most kinds of death.
Accidental death and dismemberment insurance ADD is a type of insurance policy that pays if you die or are seriously injured accidentally such as in an automobile accident. Accidents covered by ADD may include car accidents thought not drunk driving accidents falls heavy equipment accidents exposure and drowning. Similarly accidental death and dismemberment insurance ADD can provide financial protection in the event of a serious or fatal accident.
The rider covers the unintentional death or dismemberment of the insured.
Accidental death and dismemberment insurance ADD is coverage for accidental death or injury to the insured. ADD policy to kick in when you become permanently or temporarily disabled or die from a certain illness. If you have a policy and die in an accident your beneficiaries will receive the payout. ADD insurance pays out a death benefit if an insured individual dies due to a covered accidental cause.