Voluntary Accidental Death And Dismemberment Insurance - VAD&D

Filed Under » ,
Dictionary Says

Definition of 'Voluntary Accidental Death And Dismemberment Insurance - VAD&D'

A financial protection plan that provides a beneficiary with cash in the event that the policyholder is accidentally killed or loses a certain body part. Voluntary accidental death and dismemberment insurance is an optional benefit offered by some employers. Premiums are based on the amount of insurance purchased, and this type of insurance can make sense for workers in occupations that place them at high risk of physical injury.
Investopedia Says

Investopedia explains 'Voluntary Accidental Death And Dismemberment Insurance - VAD&D'

How much the policy will pay in the event of a claim depends not only on the amount of coverage purchased, but on the type of claim filed. For example, the policy might pay 100% if the policyholder is killed or becomes quadriplegic, but it might only pay 50% for the loss of a hand or the permanent loss of sight in one eye.

Articles Of Interest

  1.

    Will Filing An Insurance Claim Raise Your Rates?

    An accident can mean higher insurance costs - even if it wasn't your fault.

  2. Why is accidental life insurance so inexpensive?

    Accidental life insurance is an inexpensive way of obtaining life insurance coverage for yourself or someone else in your family. These policies typically pay a handsome death benefit to your ...

  3. Top 5 Budgeting Questions Answered

    You don't need a degree to understand your money, begin saving and pay down debt.

  4. Tax Variations Of The HEART Act

    The HEART Act is designed to allow service members and reservists make a smooth financial transition into active duty and back into civilian life.

  5. 8 Qualities That Make A Good Insurance Agent

    Insurance agents must possess each of the following qualities in order to be successful.

  6. Can my insurance company refuse me coverage?

    Insurance isn't always as straightforward as other products. Insurers can deny coverage in many different instances:Non-Renewal An insurance company is not obligated to renew an insurance policy ...

  7. How old should you be to get life insurance?

    There's really no pre-determined age when it suddenly becomes necessary to take out a life insurance policy. However, if there are people who depend on your income - especially children or a ...

  8. Can I Get Life Insurance?

    Find out what you can do to get the coverage you need for the right price.

  9. Selecting And Managing Insurance Payouts

    Find out which settlement option is right for you before you recieve your funds.

  10. 5 Financial Mistakes New Graduates Must Avoid

    College doesn't prepare grads for handling their personal finances. Find out what you need to know here.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Zomma

    An options greek used to measure the change in gamma in relation to changes in the volatility of the underlying asset.

  2. Yield Elbow

    The point on the yield curve indicating the year in which the economy's highest interest rates occur. The yield elbow is the peak of the yield curve, signifying where the highest interest rates occurred.

  3. Xenocurrency

    A currency that trades in markets outside of its domestic borders.

  4. Wanton Disregard

    A standard of severe negligence. Wanton disregard is a very serious accusation that indicates that a person behaved extremely recklessly.

  5. Ultra ETF

    A class of exchange-traded funds (ETF) that employs leverage in an effort to achieve double the return of a set benchmark.

  6. Toehold Purchase

    A purchase of less than 5% of a target company's outstanding stockmade by an acquiring company. A toehold purchase of just under 5%, while not a significant stake in a firm, allows the shareholders a "toe-holds" grip on the company and its decision making.
Trading Center
http://sp.fastclick.net/ad/tr/10858-64082-15546-0?mpt=12ef8f1080c612b019d4cfe99831750e