The Accidental Death & Dismemberment plan provides coverage up to age 75 and a benefit up to $500,000. This plan is available to people ages 18 to 69 with a Canadian residence. The AD&D plan offers full, tax-free coverage in the event of an accidental death and full or partial tax-free coverage for over 20 debilitating injuries.
There are no medical exams or health questionnaires that are required to apply and qualify for this coverage. This means, that even if you have been denied in the past or are currently facing health issues, you cannot be denied for this plan.
How is the Benefit Paid?
Tax-free benefits issued for loss of life will go directly to your selected beneficiaries. All other benefits paid under this plan will be paid directly to you. With the Accidental Death & Dismemberment policy, your premium is only dependent on the coverage you’ve purchased and is not affected by age or gender.