What is accidental death insurance?
Accidental death insurance is just what it sounds like. This insurance product covers accidental death from any covered injury, work-related or non-work-related. Accidental death and dismemberment (AD&D) insurance policies are often added as riders to existing life insurance policies.
Supplemental Traditional Life Insurance
Consider if you accepted a new job that required you to work in dangerous conditions. You may require additional life insurance coverage, but you don't have the time for a lengthy approval process. It's possible that your change in circumstance could limit your coverage options with traditional life insurance.
Accidental death insurance doesn't require exams, lab tests, or health questions. Generally, there is no waiting period for the policy to take effect. It's easy to add additional coverage to your existing life insurance.
Does accidental death cover cancer?
No accidental death insurance does not cover cancer.