As a member of CAP COM, you’re automatically eligible for $3,000 coverage at no cost.
But what exactly is AD&D insurance?
It the unexpected happens, the impact on your family can be devastating. Accidental death and dismemberment insurance (AD&D) is there for your family if you get seriously injured in an accident, such as a car crash, or die of your injuries.
Understand the benefits of different types of insurance, so you can ensure the coverage you have is ample without overpaying. AD&D overlaps a bit with life insurance and disability insurance, and shouldn’t be considered a replacement for either one. Here are the basics.
- AD&D Insurance helps cover costs or replace income (depending on the amount of coverage) if disability or loss of life occurs due to a covered accident.
- Disability Insurance can cover income loss due to the inability to work because of an injury or medical illness.
- Life Insurance is designed to help replace an income loss when someone passes.
You might receive some form(s) of insurance as part of your benefits package at work. You can also shop for insurance on your own, or obtain coverage through your bank or credit union.
The bottom line is that even though the future is unpredictable, obtaining ample insurance is something you can control. You can start by taking advantage of the $3,000 no-cost AD&D coverage available to you as a CAP COM member.
And if you want, let’s talk about your needs and provide options to consider for additional insurance coverage.
Let Us Help
Schedule an appointment to meet with a Licensed CAP COM Representative or call us at (800) 688-1045.