What Is Basic Life And AD&D Insurance?
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63333 POINTSview profilePeggy MaceMost of the U.S.Basic Life and AD&D Insurance are the names often used when offering supplemental insurance to employees. Basic Life refers to life insurance that would pay the death benefit to the beneficiary if death occurred by any reason (except suicide in the first two years). ADD&D stands for Accidental Death and Dismemberment. It would pay the death benefit only if the insured person died as a result of accidental death, such as car accident or falling down stairs.Answered on June 25, 2013flag this answer
5877 POINTSview profileStan Cox IIInsurance Adviser - Broker, SC Insurance Services, Oahu, HawaiiI would add to Peggy's answer that typically the "basic" insurance that employers offer to employees is Term insurance and is usually a lower amount like $25, to $50,000 benefit. Additionally the insurance terminates if you leave the company. The AD&D rider (accidental death and dismemberment), usually doubles the death benefit should you die in an accident. Sometimes you can buy additional insurance to that which the employer provides, and if you do you may be able to continue at least the additional insurance you buy when you leave the company and possibly convert it to Whole Life.Answered on October 16, 2015flag this answer
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