Ensure your employees are protected.
Life and accidental death and dismemberment insurance provided by ECM Solutions.
Some employees may want coverage that goes beyond life insurance or workers’ compensation. They want to be covered in the event of an accident, on or off the job. We can provide that added financial protection.
Paying for life insurance for employees is a valuable benefit that can be a big selling point when recruiting staff.
Life and accidental death and dismemberment insurance is designed to pay out to the employee’s financial dependents to make up some of the lost income if the employee dies. Depending on the policy, the coverage could last for a limited period, until the employee reaches retirement age or until they die regardless of when that is.
Accidental death and dismemberment insurance is a variation on life insurance, but it only pays out if the death is from an accident (or in some cases a homicide). It usually only pays out if the death happens while premiums are still being paid (similar to term life insurance).
The plan pays out a smaller amount if the covered person loses their sight, a limb, toe or finger in an accident. Accidental death and dismemberment insurance can be a policy on its own, or it can be added on top of the normal life insurance payout.
Neither of these policies are a substitute for workers’ compensation insurance. This is mandatory for most employers, and while it only covers injuries or deaths at work, it does pay out for medical bills, some lost income and death benefits.
If you’re interested in learning more about life and accidental death and dismemberment insurance, we encourage you to reach out to our employee benefits experts. We can help you to determine if it is a good fit for your business.
Life and Accidental Death and Dismemberment Insurance Information Request
As an independent agency, we offer multiple options at competitive prices.