If you will be traveling abroad and are looking for travel insurance with an accidental death and dismemberment benefit, you might wonder what exactly you should be looking for when it comes to this benefit. Many plans include this benefit, but not all coverage is the same.
Accidental Death and Dismemberment will cover the insured individual in an instance where there is dismemberment or death caused by an included illness and/or injury in the plan. Most plans will also have specified exclusions in regards to this benefit meaning the benefit is exempt if the death or dismemberment is caused by a certain illness, type of injury or in a particular circumstance.
Travel insurance with an accidental death and dismemberment benefit requires the insured individual to name a beneficiary when purchasing the plan in order for the benefit funds to be paid out upon an eligible death. A beneficiary is the person who will receive the principal sum payments upon the eligible death of the insured individual. Usually the beneficiary is a family member like a mother, father or spouse. However, the insured individual can name whomever they would like.
In the event that the insured individual becomes dismembered, the amount paid to the covered person will vary based on predetermined levels of dismemberment. For example, the loss of one arm might only pay half of the principal sum whereas the loss of two arms might pay the full principal sum amount. There might also be guidelines laid out as to how much of a limb must be dismembered or what qualifies as a fully lost arm, hand, leg or eye.
If you are looking for travel insurance with an accidental death and dismemberment benefit, one popular plan that will cover you while outside of your home country is the Atlas Travel plan. The accidental death and dismemberment coverage with the Atlas Travel plan has a varying principal sum based on your age. If you would like more information on this plan or our other plans that include an accidental death and dismemberment benefit, contact one of our licensed agents today.