Unlike conventional underwritten life insurance that requires the applicant to provide proof of good health to determine eligibility for coverage, there are no health or lifestyle questions necessary to obtain accidental death and dismemberment (AD&D) coverage. AD&D provides coverage to the insured in case of dismemberment or accidental death due to an unexpected event. Coverage begins immediately upon the initial premium payment. It is designed to pay a lump sum tax-free benefit if you lose your life, limbs, use of limbs, eyes, speech, or hearing due to an accident.
We are fortunate to live in a beautiful province offering a wealth of outdoor activities close to our homes, and it’s not uncommon to find underwritten life insurance issued with an exclusion for hazardous sports or activities. A few of the most common exclusions are backcountry skiing, heli-skiing, rock climbing, and mountaineering. However, a serious injury or death can also result from everyday activities such as an automobile accident, slip and fall, choking, or drowning.
Demand for AD&D coverage is increasing, especially among those who have financial dependants such as a spouse, children, or other family members who may not have any life or disability insurance. The AD&D plan is also ideal if the insured or family member would typically be uninsurable or receive a policy with exclusions. In a worst-case scenario, AD&D helps ensure you and your loved ones continue their standard of living should you suddenly become injured or pass away due to an accident.
The schedule of covered losses is comprehensive, and the benefit amount varies depending on the claim. Death benefits are paid at 100% of the benefit amount. In contrast, the loss of use of one hand would pay 67% of the benefit amount. The plan also includes 26 supplemental benefits such as repatriation, rehabilitation, and/or spousal retraining benefits, to name a few.
Doctors of BC offers members individual or family coverage, in $100 000 increments up to the maximum of $2 million. Individual premiums start as low as $1 per month for $100 000 up to $26 per month for $2 million. Family premiums are slightly higher as your spouse and children are covered.
To learn how AD&D may complement your current coverage, please email firstname.lastname@example.org to schedule a meeting with one of our licensed, noncommissioned insurance advisors.
Insurance Advisor, Members’ Products and Services, Doctors of BC
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Above is the information needed to cite this article in your paper or presentation. The International Committee
of Medical Journal Editors (ICMJE) recommends the following citation style, which is the now nearly universally
accepted citation style for scientific papers:
Halpern SD, Ubel PA, Caplan AL, Marion DW, Palmer AM, Schiding JK, et al. Solid-organ transplantation in HIV-infected patients. N Engl J Med. 2002;347:284-7.
About the ICMJE and citation styles
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