Accidental Death and Dismemberment Insurance
Is a company: no
Is a proper noun: no
- accidental death insurance
- accidental death coverage
- death and dismemberment coverage
Definition of Accidental Death and Dismemberment Insurance
- An insurance policy that provides coverage in the event of an accidental death or dismemberment, which can include the loss, or the use of certain body parts (including limbs or eyesight). Natural deaths are not covered by accidental death and dismemberment insurance policies, and the policy is only available attached as a rider to a health or life insurance policy. Depending on the policy, partial dismemberment (the loss of a single eye for example) may not qualify the insured for benefits.
Related Terms and Acronyms
- Life Insurance — Definition, Very Important,
➥ CanEquity offers life insurance.
- An arrangement where an insurer agrees to pay a benefit to one or more beneficiaries in the event of the policyholder's death.
- Accidental Death Benefit (ADB) — Acronym, Very Important,
➥ A life insurance policy rider.
- An additional benefit that pays an additional sum to a beneficiary if the cause of death is deemed to be accidental.
- Death Benefit (DB) — Bank, Very Important,
➥ An amount paid to a beneficiary in a life linsurance policy.
- A payment or series of payments made to the beneficiaries of a life insurance policy.
- Burial Insurance — Definition,
- Insurance that provides coverage for funeral expenses.
- Travel Insurance — Definition, Very Important,
- Insurance that covers a number of events that can occur when an individual is travelling out of the province or country.