Accidental dismemberment or loss of use
Features
Issue ages (age nearest)
Amount of insurance
- Minimum: $20,000
- Maximum*: the lesser of:
- $500,000
- 200% of the total amount covering the insured
* For face amount < than $50,000, the maximum is $100,000
Loss of: | Percentage of the amount of insurance |
---|
Both hands or both feet | 100% |
Both eyes | 100% |
Hand and foot | 100% |
Foot and one eye | 100% |
Hand and one eye | 100% |
Hand or foot | 50% |
One eye | 50% |
Premium
- Fixed and guaranteed
- Until the termination of the main coverage without exceeding the insured’s 70th birthday.
End of coverage
The earliest of:
- the insured turns 70
- the death of the insured
- the date the coverage is converted into a reduced paid-up insurance (reduced coverage amount) or prolonged paid-up insurance (reduced payment period)
- the date the main coverage on the contract is terminated
Characteristics
- The benefit may be doubled in certain circumstances (e.g. accident aboard public transportation).
- The benefit will be payable for each fracture or complete severance, provided that the fractures are due to separate accidents.
Examples
- Whole Life Guaranteed 20 Pay: $10,000
- ADis available: $100,000
- Since the insurance amount is under $ 50,000, you can offer a maximum of $100,000 in this case, rather than 200% of the insurance amount in other cases.
- Whole Life Guaranteed 20 Pay: $10,000
- Term 20: $100,000
- On the same insured.
- ADis available: between $20,000 and $220,000.
- You can offer between $20,000 and $220,000 in ADis coverage because the total amount of insurance is $110,000 ($10,000 + $100,000); 200% of $110,000 equals $220,000.
- Whole Life Guaranteed 20 Pay: $10,000
- Term 20: $250,000
- On the same insured.
- ADis available: between $20,000 and $500,000.
- You can offer a maximum of $500,000 in ADis coverage because the total amount of insurance is $260,000 ($10,000 + $250,000); and 200% of this amount exceeds $500,000.