Accidental Death and Dismemberment (AD&D) benefits are an important aspect of financial planning. They provide coverage in the event of an accidental death or severe injury resulting in loss of limbs or bodily functions. This type of insurance can be purchased as a standalone policy or as an add-on to an existing life insurance plan. It is important to carefully assess the coverage and exclusions of an AD&D policy before making a decision. In the unfortunate event of a covered accident, the beneficiary will receive a lump sum payment, which can help ease financial burden during a difficult time. It is crucial to regularly review and update AD&D coverage to ensure adequate protection for oneself and loved ones.
