Life & Accidental Death & Dismemberment Insurance
Providing Insurance in Cape Girardeau, Missouri
Life & Accidental Death & Dismemberment Insurance Solutions
Some workers might demand protection beyond workers' compensation or life insurance. In the case of an accident, whether on or off the work, they want to be protected. We are able to offer that additional financial security.
Contact our employee benefits specialists if you're curious to learn more about life and accidental death and dismemberment insurance. We can assist you in figuring out whether it will work well for your company.
Our Life & Accidental Death & Dismemberment Coverage:
Paying for life insurance for workers is a beneficial perk that may be a major selling factor when hiring new personnel.
The purpose of life and accidental death and dismemberment insurance is to compensate the employee's dependents for lost income in the event of death. Based on the terms of the insurance, the coverage can be in place only temporarily, until the employee reaches retirement age, or until their untimely death.
A version of life insurance, accidental death and dismemberment insurance only pays out in the event that a person dies due to an accident (or in some cases a homicide). Typically, it only reimburses if the decedent passes away while premiums are still being paid (similar to term life insurance).
If an accident causes the covered person to lose their sight, a limb, a toe, or a finger, the plan only pays up a portion of their losses. Accidental death and dismemberment insurance can be purchased alone or as a supplement to the standard life insurance benefit.
These two plans are not a replacement for workers' compensation insurance (also known as workers' comp). The majority of companies are required to have this, and while it only covers accidents or fatalities at work, it does pay for medical expenses, some missed wages, and death benefits.
Life & Accidental Death & Dismemberment Insurance Form
One of our benefits advisors will reach out to you to review your information and present you with the appropriate Life & Accidental Death & Dismemberment insurance solution. There’s no obligation, just good-old-fashioned advice.