Your bank or credit union may have already sent you an announcement that you are covered for $1,000 of accidental death and dismemberment insurance. It's free, but what is it?
It is a real policy, usually through TruStage. The $1,000 pays out only if you die in an accident or lose a hand, foot, eye, hearing, or speech in an accident. Not illness. Not natural causes. Just accidents.
It does not pay medical bills, stitches, scans, ambulance rides, ER copays, or hospital charges. The $1,000 is a cash benefit, not health insurance.
If you sign up, expect mailings urging you to add $50,000, $100,000, or more in extra AD&D coverage for a monthly fee.
Rick Good spent ten years in the newspaper business, including with The News & Observer (Raleigh, NC) and The Greenville News (Greenville, SC). He co-wrote, with Melinda Coleman, Rutledge to Riley: Governors of South Carolina, 1776–Present (Published by The Greenville News), and is the author of Mind Games Trivia #1 (Amazon). He has recently spent 15 years creating original trivia content through Sounds Good Mobile Entertainment and continues that with his new company, SGME Software. He edits The Smart Reader’s money, real estate, and business coverage.