Accident insurance provides a cash payment that can be used to pay for medical expenses resulting from a covered accident. Healing and getting healthy shouldn’t mean a gut-punch to the bank account or regular daily life. That’s why these payments can be used for other expenses too – mortgage or rent, groceries, bills, even childcare. You or your family have the freedom to choose how you want to use your money.
So, what does accident insurance actually cover? Here is a broad list of what’s covered by an accident insurance policy, along with a few specific types of injuries that may be covered within each category:
- Emergency care – Hospital treatment, ambulance, X-rays, exams or ER visit.
- Specific injury care – Burns, concussion, emergency dental work, ear or eye injury or poisoning.
- Supportive care – Follow-up treatment, physical therapy, prescription meds, supplies, or even transportation and lodging.
- Hospital care – Hospital admission/confinement, intensive care or rehab unit.
- Surgical care – Major surgery, ruptured disc, hernia, outpatient surgery or anesthesia.
- Accidental death – Benefit is paid directly to your beneficiaries if your death is a result of an accident.
Accident insurance is a relatively cheap insurance policy. If you’re looking for an affordable alternative to life insurance, accident insurance may be a good fit for you. Accidental death may not seem very likely, but it happens more often than you may think to people in certain age groups, jobs and lifestyles.
To figure out how much accident insurance is right for your family, consider how much they would need if you were either slapped with a large medical bill as a result of an accident you were in, or if your family lost your income because of your death, with no time to prepare. If you’re like most Americans, your monthly budget probably doesn’t leave as much room for the unforeseen as you’d like. Without your income, what would your family need to keep daily living expenses covered and long-term plans on track?
This is only a brief overview. Please refer to one of our brochures or our website for full information about policy plan design, limitations, exclusion, state approvals and other information.
Health benefit plans are available only to AFE members. If you're already a member, please contact us to request more information.