Why you need accidental death and dismemberment coverage
Instances of accidental death and dismemberment in Canada are more common than you may think. From work-related accidents to motor vehicle crashes, the risk of dying or becoming permanently disabled is highest during your working years, when you’re most active.
Having AD&D coverage means that you and your family will have a financial cushion in the event you pass away or become disabled, and is a great lump sum coverage to complement your income replacement benefits. If you’re the primary earner for the household, this insurance provides you the peace of mind that if the worst occurs, your family will have the finances available to cover both immediate and long-term expenses.
How AD&D insurance works with The Edge Benefits
The Edge Benefits’ Accidental Death and Dismemberment coverage is an affordable way to receive a tax-free* lump-sum payment in the event of an accidental death or life-altering injury.
Our accidental death and dismemberment insurance provides up to a $300,000 emergency benefit to the insured or their surviving family. Loss of use benefits include accidents that result in paraplegia, hemiplegia or quadriplegia.
A percentage of the benefit is paid for other losses listed in the policy. For more information on covered losses and policy restrictions, contact an EDGE advisor today.
With a tax-free lump-sum payment, you and your family will receive the financial protection needed during an emotionally taxing time. If you, or your insured spouse or children, become permanently disabled, these funds can be used to cover personal debt and rehabilitation expenses, modify your home, spend quality time with family or hire in-home care. In the event of the insured’s death, their family can utilize these funds to pay off their mortgage, medical bills or take time off work.
Those aged 18-64 are eligible for guaranteed-issue accidental death and dismemberment coverage to age 70 with The EDGE. Two unique plans are available and insured by our partner, Chubb Life Insurance Company of Canada: Single Coverage and Family Coverage.
*Based on current CRA guidelines.
Guaranteed-issue Single Plan
Receive 24/7 AD&D coverage on or off the job, anywhere in the world. Additional benefits under our AD&D plan also include daycare, education, home alteration, vehicle modification, and a benefit top-up in the event of a motor vehicle accident and the insured was wearing a seatbelt at the time of injury.
If you’re also insured by EDGE income replacement insurance, the Accidental Medical Reimbursement Benefit from your AD&D policy would provide up to $100,000 reimbursement after the $10,000 maximum Accident Medical Treatment Benefit included in your income replacement policy has been exhausted.
Guaranteed-issue Family Plan
With family coverage, the principal insured is covered at 100%, the spouse is covered for 50% of the benefit amount and dependent children receive 15%.
Coverage amounts are available for both plans starting at $50,000 up to $300,000.
|AD&D Benefit Amount||Accidental Medical Reimbursement Benefit*|
*Applicable to the principal insured only, when EDGE Loss of Income policy is in force
Contact us today to get a quotefor AD&D coverage.Get a Quote
The EDGE Difference
As Canada’s No. 1 provider of affordable, flexible financial security benefits, we have revolutionized the insurance industry by finding the best products for small businesses and individuals looking to create an individualized and comprehensive coverage package.
Experience the EDGE difference with:
A tax-free lump-sum payment to the insured or their loved ones in the event of an accidental death or other bodily harm.
Guaranteed issue coverage means no medical questions or doctor's appointments necessary.
No long underwriting processes, so you can be issued a policy in a matter of days or weeks.
Multiple coverage options to choose from.
Affordable, transparent rates for consistently low premiums.
Convenient enrollment and policy documentation 100% online.
Seamless coverage through job and life transitions.
Multi-product discount when you combine EDGE Health & Dental with any other EDGE coverage.
Quality guarantee and concierge claims assistance make it easy and stress-free to purchase and receive your benefits.
Insurance coverage is never one-size-fits-all with The Edge Benefits.
2 Statistics Canada: https://www150.statcan.gc.ca/n1/pub/84-215-x/2012001/hl-fs-eng.htm