Many people have a lot of misgivings about investing in accidental death and dismemberment insurance. The fact of the matter is that if you work in any kind of industry that, in part, relies upon your physical skills and abilities, you need this type of insurance to protect your loved ones. Instead of leaving the futures of your loved ones to chance, you should invest in insurance because it is so affordable compared to other types of insurance.
Pros
Because accidental death and dismemberment scenarios happen less frequently than other types of accidents (take car accidents, for example) the insurance cost is generally cheaper than other forms of insurance. So if your employer won’t pay for this type of insurance, you’ll find that it is very affordable.
In addition, this type of insurance is very popular among a younger, less experienced demographic. Statistically speaking, inexperienced workers are much more susceptible to accidental death and dismemberment. If a body part is lost or functions such as eyesight and hearing are damaged, the income from an insurance plan could be used to hold an individual over as they find a new line of work. If your job is mostly dependent on your physical skills and abilities, than this type of insurance is especially valuable.
In addition, a pro for companies is the fact that they have flexibility with the way they offer this type of insurance to their employees. They can include it as part of a package such as a group term life policy. Alternatively, they could offer it as a standalone policy. In some cases, this will provide double indemnity – which is essentially double benefits in the event of death.
Disadvantages
A lot of people seem to think it’s a massive disadvantage if you purchase accidental death and dismemberment insurance and never receive a payout. But in reality, this is a massive advantage. Do you honestly think that someone seeking this type of insurance wants to experience an accidental death or physical injury? Of course not! Why would anyone consider living a healthy and fulfilling life a disadvantage? At the same time, consider that you never know what life is going to throw your way. Whether you collect from your policy or not, you can live life with the peace of mind that your loved ones’ futures will be protected no matter what happens to you.
Finding Help to Secure the Future of Your Family in Chicago
If you live in the Chicago area and want your family to be safe in the event that you have a debilitating accident, contact Benefits Age. We know the insurance industry inside and out regarding personal rights to compensation in the event of accidental death and dismemberment. Instead of leaving the future and well-being of your family to chance, live with the peace of mind that they will be cared for with the appropriate insurance. Protecting your family with insurance will give you the peace of mind to enjoy life to the fullest.
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