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GROUP / BUSINESS Personal Accident AD&D

In addition to life insurance, MHG also provides Personal Accident (PA) and Accidental Death & Dismemberment (AD&D) Insurance coverage. These types of insurance are meant to pay out a lump sum in the event of accidental dismemberment, accidental death or other accidental injury. This differs from disability insurance, which pays out over an extended period of time, and is related to fitness to perform an occupation. An example for when PA or AD&D cover would apply is if you lost a limb in a car accident. The dismemberment coverage can pay you a specified lump sum amount, while your medical insurance would cover hospitalization or other medical fees.

Personal Accident insurance is similarly meant to cover injuries resulting in the loss of life or limb, but also can be further extended to less significant losses, such as a fingertip or toe. The lump sum payout is determined by the percentage indicated in the schedule, based upon the appendage lost or the portion lost. Both policies react when the loss is determined to be the direct result of a recent accident, and neither responds to illness unless directly related to the accident. Not to be confused with life insurance, PA and AD&D are more specific about the circumstances in which the policy will pay.

If your group works in an environment where accidents and injuries are more likely to occur such as in the confined spaces of a ship or yacht, then you should consider investing in one of these policies. These plans are relatively inexpensive and are often considered to be a supplement to life insurance for those working in dangerous environments.

In order for us to determine which plan is right for your group, please take a moment to fill out and submit the online form below. You will be contacted by an MHG insurance specialist to discuss benefit options.