What is accident death insurance?

Accident death Insurance
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What is accident death insurance?

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Often members confuse accident death insurance with life insurance. Accidental death insurance provides protection for benefits for injuries that result in death, dismemberment, or loss of speech; eyesight or hearing if an accident occurs while this coverage is effect. What are the premiums for coverage greater than $1,000 on the AD&D insurance plan? Monthly premiums will remain the same and are $.70 per $10,000 of member coverage and $.88 per $10,000 of family coverage. An insured may elect up to $300,000 of additional voluntary coverage. Inflation Benefit Both the Basic insureds and Voluntary insureds have an “Inflation Benefit”. This Inflation Benefit, if on an existing insured, is retroactive and will be paid back to their original effective date with Hartford. The insured’s coverage increases 5% every two years – with no increase in premiums, up to a maximum of 25% of their benefit amount. If it is a new insured, the Inflation Benefit begins as of their effective date of coverage.

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