Accidental Death & Dismemberment -- What Are You Worth?
Photographers insure their eyes, models insure their skin, surgeons insure their hands, and actors insure their most valuable money-makers. After all, Kim Kardashian couldn't have broken the Internet without her famous backside. T. Swift couldn't have taken over pop music without flaunting her mile-high legs. And Miley couldn't have stolen the spotlight without flashing her obnoxious tongue and barely-there outfits.
For A-list celebs, image is everything. If they permanently injure or lose the body parts that make them famous, they stand to lose a lot of money. So they insure their anatomical assets for millions of dollars.
But the rest of us don't have that kind of savings -- especially not to cover one body part!
For the 99.9% of adults without money to burn, there's accidental death and dismemberment (AD&D) insurance. It protects you from the expensive consequences of a serious accident. Just buy an all-inclusive (i.e. all-body part) policy, and you'll get paid if you lose your life or limbs after an accident.
Just how much can you get for your body parts? Check out this graphic to find out what an AD&D policy can pay you in case of death or dismemberment. You might be surprised by how much your limbs are actually worth!
How do we know what you're worth?
The payout you get for a lost body part depends on two variables: which part you lose, and your AD&D policy amount.
Each body part is worth a certain percentage of your payout.
So, let's say you lose eyesight in one eye. Your insurer will pay you half the amount of your AD&D policy. If you lose eyesight in both eyes, or you lose two or more limbs, your insurer will compensate you for the full value of your policy.
However, if you lose a finger, thumb, or toe, you're out of luck. Most insurers won't give you a payout if you lose just one extremity on your hand or foot.
Why get AD&D?
The point of an AD&D policy is to supplement your loss of income if you can't perform your job or daily routine at full capacity.
It's really useful if you have a physically demanding job, but you can also buy AD&D to protect yourself in case of an accident away from work. For instance, Abrams Insurance Solutions offers policies to people who have trouble getting life insurance because of a medical condition or a high-risk activity they won't give up.
If you're a pilot, sky diver, scuba diver, race car driver, or world traveler, you're an ideal candidate for buying AD&D.
How much coverage do you need?
Abrams Insurance offers AD&D policies from Lloyd's of London, the specialist insurance market that also insures the pricey body parts of our favorite celebs. Lloyd's typically sells policies equal to 10 times your annual income.
AD&D fills in the gaps
If you're dismembered on the job, you'll get money from workers' comp and your AD&D policy. If you're dismembered off the job, AD&D will help pay those bills your health insurance can't cover.
If you die from an accident (on or off the job), your family will get full benefits from both your AD&D and life insurance policies. The payout you get from AD&D won't be nearly as much as your life insurance payout, but it will give your family an added financial cushion when the bills pile up after you're gone.
So, if you want extra protection from whatever life throws your way, get AD&D insurance. It won't cost you an arm and a leg -- it'll help pay for the lost arm, leg, eyeball, ear, finger, or other body part you lose in an accident.
Look to Insurance Clarity to find the right policy today!