What does ADB mean in GENERAL

Accidental Death Benefit covers the cost of burial and final expenses, as well as other financial losses resulting from an unexpected or untimely death due to an accident. ADB helps make sure that the deceased's family or other named beneficiaries will be taken care of financially in the event of their unexpected passing.

The amount of coverage provided by Accidental Death Benefit depends on the individual policy and any additional add-ons purchased. Many policies will offer coverage up to a certain dollar amount; however, some policies may also include non-financial benefits such as counseling services for grieving family members.

The premiums for Accidental Death Benefits are usually paid by the insured party, although some employers may opt to pay for them as part of their employee benefits package.

Generally speaking, most ADB policies are available for individuals between 18 and 70 years of age; however, different insurers may have varying terms and conditions regarding eligibility criteria or age limits, so it is always best to check with your insurer before signing up for a policy.

Your beneficiaries will typically receive their benefits shortly after proof of death has been submitted and verified by your insurer. However, please note that any additional riders added to your policy may affect when you receive payment—for example, if you include a “waiting period” rider on your policy then your beneficiaries may not receive payments until after that waiting period has expired.