What does an accidental death policy cover?
What does an accidental death policy cover? As the name suggests, accidental death and dismemberment insurance provides coverage for a death due to an accident. It generally also pays if you lose a limb or a function such as sight, hearing or speech in an accident. And policies might pay 50% to 100% of the benefit amount for paralysis as a result of an accident. Can you cash out AD&D insurance? In short, no, you generally can't recover any money from that kind of policy. "Those are often low-cost term plans that do not accumulate a cash value," said Vince...