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High Limit ADD Insurance
High Limit ADD Insurance provides permanent, year-round extra protection to cover the sudden
and unexpected effects of an accident. It also provides Travel accident coverage on a short term
or permanent basis. High Limit ADD Insurance offsets the temporary and long term financial aspects
of accidental death or accidental bodily injury to the insured. Travelers, war correspondents and
tour groups can also benefit from this insurance.
| Policy Maximum |
Benefits may not exceed ten times the annual income unless otherwise justified. |
| Deductible |
None |
| Co-insurance |
- Outside the U.S. and Canada:
Nil
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| Coverage Options |
Optional coverage for War, Terrorism, Cardiac Arrest. |
| Plan Life |
Limited to 1 year if applying online or for hazardous coverage. With a paper application or non hazardous coverage, can be considered up to 5 year term. |
| Underwriter |
Certain underwriters at Llyods |
| Claims Administrator |
Petersons International Underwriter |
Eligibility:
Available to US or non US citizen with an US address
Plan Benefits:
Benefits are payable in addition to any other plan.
Benefits are payable for loss caused by exposure to the weather or in a conveyance that results in disappearance
or sinking and the body is not found within 365 days of the accident. Benefits will be paid on the basis of
presumption of death.
Benefits may be taken in a single lump sum or in equal annual installments.
Covers accidental bodily injury sustained while the Certificate is in force and which results in loss within 365 days of the date of the accident.
War or acts of war and/or terrorism may be covered under this plan by applying for such and paying the additional premium.
Remarks:
- Accidental Death::Pays the Principal Sum Benefit to the designated Beneficiary in the event of death due to accidental bodily injury, or exposure to weather as a result of an accident or disappearance or the sinking of a conveyance on which the insured was a passenger and the body is not found within 365 days of the accident.
- Dismemberment::Includes the loss of use of both hands or feet, or one hand and one foot, or the loss of sight of both eyes. The Principal Sum Benefit is paid for these losses. One half the Principal Sum amount will be paid in the event of the loss of sight of one eye, the loss of use of one hand or one foot, the hearing of both ears or the ability to speak
- Sudden Cardiac Arrest::Is available only with the 24 hour AD&D benefit (AD&D & SCA). This coverage pays the full benefit if an insured person dies within 72 hours of a sudden cardiac arrest.
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