How much supplemental accident insurance do I really need?
You need to get enough to cover the cost of your current healthcare policy’s deductible.
Accident insurance, also known as supplemental accident insurance or personal accident insurance, is designed to help cover the costs that follow an unexpected injury.
According to a 2019 statistic from the Insurance Information Institute, speed-related crashes cost Americans $40.4 billion each year.
The National Safety Council 2019 injury stats indicate that an American is accidently injured every second by a preventable event, such as a vehicle crash, a fall, stiches, broken bones or other preventable incidents.
With this added coverage, you can add an extra layer of coverage. It protects you from debt and helps you keep unforeseen medical bills in check.
A recent survey by NORC at the University of Chicago shows nearly 60% of Americans have been surprised by medical bills they thought their insurance plan covered.
Types of Supplemental Coverage
The most common type of supplemental coverage is Accidental Death and Dismemberment (AD&D).
AD&D insurance is a general no-fault policy.
Unlike a personal injury lawsuit, auto insurance claim or workers compensation, you don’t need to prove that anyone was at fault for hurting you or that the accident was work related.
Critical Illness is the another common type of supplemental coverage. It pays a lump sum cash benefit when you are diagnosed with a critical illness, such as cancer, heart issues and terminal illnesses.
When you add supplemental coverage, it begins immediately (no waiting period).
This policy covers wherever you go, whether you are near or home or not.
This coverage is NOT associated with your employer. You own the policy.
You do NOT have to coordinate the pay benefits with your major medical insurance provider. Your paid the benefits regardless of your other health coverage.
Any hospital or physician can be accessed. No network restrictions!
Most coverage pays you in cash, enabling you to use the money for everyday living expenses.
Take some time to discuss your insurance coverage options by phone or schedule a webinar with a licensed insurance expert. Review the exact benefits available so you can ask questions.
Call 281.979.5441 or contact us via email to setup a day/time that’s convenient for you to discuss your current life insurance coverage!
It may be the most informative 2-3 minutes of your life.