Accidental Death and Dismemberment insurance
SLPC 25165 10/17 (exp. 10/19)
Accidental Death and Dismemberment (AD&D) insurance is another option for companies that want to give employees and their loved ones added financial protection if they are faced with sudden and catastrophic circumstances. It’s available in addition to a life insurance policy or as stand-alone protection.
How does it work?
If an employee suffers a catastrophic injury, such as losing a limb or sustaining a loss in hearing, speech, or sight as a result of an accidental injury, or even were to die, AD&D insurance provides money to compensate the employee and his or her family for the loss.
The benefit is available for any covered accidental injury that results in death or a condition covered under the policy. The benefit amount will depend on the type of the injury but it cannot exceed the total amount of the employee’s AD&D coverage.
Key benefits for . . .
- Added financial security – help with meeting expenses as a result of death or dismemberment
- Guaranteed Issue
- Available to employees, spouses, and dependents
- No reduction for other sources of income
- Portable (certain restrictions may apply; not available in New York)
- Added protection for employees
- Competitive group pricing
Group life and disability insurance policies are underwritten by Sun Life Assurance Company of Canada (Wellesley Hills, MA) in all states, except New York, under Policy Form Series 93P-LH, 98P-ADD, 01C-LH-PT, 12-GP-01, and 12-DI-C-01. In New York, group life and disability insurance policies are underwritten by Sun Life and Health Insurance Company (U.S.) (Windsor, CT) under Policy Form Series 13-GP-LH-01, 13-LF-C-01, 13-GPPORT-P-01, 13-LFPort-C-01, 13-ADD-C-01, 13-LTD-C-01, 13-LTD-P-01, 13-STD-C-01, and 06P-NY-DBL. Product offerings may not be available in all states and may vary depending on state laws and regulations.