What is Accidental Death and Dismemberment Life Insurance and do I Need It in Pittsburgh?

life insurance in Pittsburgh

Downtown Pittsburgh is a lovely city situated in the 'golden triangle' where the Allegheny and Monongahela rivers converge to become the Ohio River. Pittsburgh is known as the "City of Bridges." Pittsburgh has also been called the "City of Steel" due to its history of steel mills. The city now hosts a number of major global financial companies.
Steel mills were dangerous places and 'accidental death and dismemberment life insurance policies' would have been sound investments. These policies pay off only in the event of an accidental death or dismemberment.
Accidental death and dismemberment (AD&D) life insurance has advantages and disadvantages. One primary advantage is that you can purchase a $1,000,000.00 policy for roughly $7.00 per month. This is a very good price for a large amount of coverage.
AD&D life insurance protects your family from catastrophic hardships arising from an accident that causes death or dismemberment.
The problem is that people over age 45 typically die from natural causes such as heart attacks and strokes. These circumstances would not be covered in this type of life insurance policy. 'Accidental death and dismemberment' life insurance (AD&D) is a good choice if your occupation is dangerous. On the other hand, if your occupation is too risky you pay higher premiums.
In most cases, AD&D life insurance in Pittsburgh has limited value. Many people choose to add it one of their three major policies. The three main types of life insurance are term life, whole life and variable life. Accidental death and dismemberment is more of a sub category added on to a major policy. The addition of extra coverage to an existing life insurance policy is called a rider. If you added AD&D to your primary policy, you would have twice the coverage if you died from an accident. This is called double indemnity.
Something to consider in the purchase of these policies are strange rules that might prove these policies of life insurance in Pittsburgh less than optimal. One unusual provision is that if you have an accident you must die within a certain amount of time. If you only lose one limb, the policy would only pay half the amount. You must lose two members of your body for a full payout. You can lose any combination of members, such as one hand and one eye. These are unusual rules and the best bet is to buy a standard policy with good coverage.