Definitions and examples of common life insurance terms and phrases. Check our Glossary when shopping for life insurance, so you know what your options are, or when you want to learn more about your current policy.
Pays the insured in the event of death or dismemberment directly caused by an accident and within a certain amount of time following the accident. Has restrictions and exclusions that make it less likely to pay out.
In accidental death and dismemberment or other life and accident insurance, typically refers to the loss of sight, speech, hearing, hands, feet, or limbs. Loss of one part (member) of a pair - such as one hand or sight in one eye - generally results in payment of 50 percent of the full dismemberment benefit.