Q: Do I Need an Accidental Death (AD&D) Policy?
Dave Ramsey feels that Accidental Death and Dismemberment plans are a waste of money and people make a huge mistake buying them, especially if it is the only type of life insurance they have. Zander Insurance does not offer these programs as an individual or add on feature to any policy. Both Dave and Jeff Zander feel you should have the amount of coverage that your family needs regardless of whether you die of an accident or sickness. The chance of an accident greatly decreases as you get older and the cost is just a very poor value. Most people consider these plans since they just don’t envision their own death and emotionally accept that an accident can happen, but not another type experience. Americans have a one in five chance of dying from heart disease and one in seven chance of dying from cancer, whereas the odds are one in 36 for an accidental injury. It is gimmick insurance and takes advantage of people’s emotions. These type of supplemental plans are just a waste of money and siphons off dollars that could be used more effectively in your financial plan. Check out the Dave’s Do’s and Don’ts on Insurance since this issue and numerous others are specifically addressed.
You can compare term life insurance rates online at Zander Insurance or call Zander Insurance at 800-356-4282 for personal assistance.