Voluntary Life Ad&d at Life

Voluntary Life Ad&d. Voluntary accidental death and dismemberment (vad&d) insurance is an optional financial protection plan that provides a beneficiary with cash if the policyholder is accidentally. Be sure to sign, date, and return the form to your employer.

If you're young and unable to qualify for good rates from an insurer, whether it's due to a preexisting medical condition. Calculated based on the employee’s current age as of the effective date of the Voluntary life insurance also covers you or a loved one in case of critical illness or total disability.

Payroll Services Employee Benefit Professionals

The ad&d benefit is a matching benefit to spouse life, not a separate election. Ad&d is automatically included with your employee voluntary life election. You may only apply for voluntary life insurance through your company’s specific open enrollment period, so check with your employer shortly before or after getting. Voluntary life insurance is a financial security and protection policy that, at the time of the death of the insured policyholder, pays a recipient or beneficiary with a cash payment.