Exactly that ... accidental death (not from natural causes). As for dismemberment, some policies allow partial compensation for losing a foot or a hand, or maybe for an eye. Having stated the above,...
No, you cannot borrow from an accidental death and dismemberment (AD&D) life insurance policy. There is no cash value and the policy only pays a benefit upon death if certain requirements are met...
If I understand it correctly, Accidental Death and Dismembermant Insurance will pay ONLY if you lose a limb or are killed in an accident. Life Insurance pays when you die, regardless of how you die.
The amount of life insurance you purchase depends on how many dependents you have and their ages. You would want term insurance that would cover several years of living expenses plus college for a...