What Is Voluntary AD&D Life Insurance?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Voluntary AD&D Insurance is Accidental Death and Dismemberment Insurance that you can purchase through your place of work at group rates, if you wish to do so. It would pay for death or loss of limbs that occurred as the results of an accident. It would not pay if death or dismemberment was due to illness.
    Answered on July 2, 2013
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  2. 21750 POINTS
    Jim Winkler
    CEO/Owner, Winkler Financial Group, Houston, Texas
    That is a great question! AD&D,  or Accidental Death & Dismemberment is a type of policy that covers a very specific type of injury and death. Many people will purchase it, thinking that it will provide adequate insurance in the event of one's death. And it will, IF the death is the result of an accident. If it has to do with a sickness, disease or health issue like a stroke or heart attack, it provides no coverage at all, in nearly every case. It is a great, low cost way to protect against disability due to an accidental injury, and to supplement life insurance coverage, but I absolutely do not recommend it as a stand alone policy for life insurance. If you would like more information, please contact me, I'd be happy to set aside some time to talk to you privately about this. Thank you for asking!
    Answered on May 14, 2014
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