ACCIDENT INSURANCE
You can't always avoid accidents - but you can protect
yourself from accident-related costs that can strain
your budget. Accident insurance pays a benefit
directly to you if you have a covered injury and need
treatment. You can get coverage for your spouse and
dependents, too. As medical costs continue to rise,
accident insurance provides a necessary layer of
financial protection.
Example of how a plan can
work:
Mary has a very busy life with a husband and
three boys who love football. While she enjoys
watching them play games in the back yard, she also
knows how quickly they could end up in the emergency
room. Just last month, a surprise tackle sent her son
to the hospital with a broken toe and torn ligament.
Mary's accident insurance paid benefits directly to
her, so she could use the money to cover the
out-of-pocket costs.
Here's how Mary's plan
helped:
Emergency room benefit $150
Fractured
toe: $100
Ligament surgery: $400
Post-op
follow-up: $50
Crutches: $100
Total benefits:
$800
If Mary's son had a more serious injury:
She could receive a catastrophic benefit of up to
$50,000 (covered injuries include loss of sight,
hearing or a limb)
She could receive $5,000 if he
were to die
If Mary had a plan with a sickness
hospital confinement benefit:
She would receive
up to $100 if her son were hospitalized due to a
covered illness
She would receive this benefit
for up to 30 days
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