Life Insurance vs AD&D: Do You Need Both?

February 1, 2022 by iQuanti

iQuanti: Life insurance and accidental death and disability insurance (AD&D) have a lot of similar components. In essence, life insurance pays out a death benefit in the event that the insured person dies. AD&D pays out if the insured person dies or suffers a severe injury from an accident. 

Many individuals can find a life insurance policy that satisfies their basic coverage needs, but AD&D plans can be great for those who need supplemental insurance, as AD&D insurance is typically more cost-effective than life insurance and can offer different coverage. 

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Originally Posted at InsuranceNewsNet on January 31, 2022 by iQuanti.