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Accidental
Death and Dismemberment
(AD&D)
Accidental death and dismemberment (AD&D) policies (or riders)
pay the policy’s
principal sum for accidental death. The principal sum is similar in
meaning
to a policy’s face amount. This same amount is paid if the insured
suffers
the actual severance of two arms, two legs, or the loss of vision in
two eyes due to an accident. This amount is usually identified as the
capital sum if the
policy is paying an accidental dismemberment benefit.
AD&D benefits may be included as riders on life insurance policies,
as part of disability
income insurance, as part of health insurance, or as a separate policy
(a type
of limited coverage).
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Assurant
Health has been in business since 1892 and is the brand name for
products underwritten and issued by Time Insurance Company, John
Alden Life Insurance Company and Union Security
Insurance Company. Together, these three underwriting
companies provide health insurance coverage for almost one million
people nationwide. Each underwriting company is financially responsible
for its own insurance products. Primary products include individual
medical, small
group, short
term and student
health insurance products, as well as non-insurance products
and consumer-choice products such as Health
Savings Accounts and Health
Reimbursement Arrangements. With almost 3,000 employees, Assurant
Health is headquartered in Milwaukee, Wis., and has operations
offices in Minnesota, Idaho and Florida, as well as sales offices
across the country. The Assurant Health Web site is http://www.assuranthealth.com/. |
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