Suggested by mail Accidental Death & Dismemberment Insurance looks very cheap. Why? Hidden fees?

Question

1.Insurance coverage $250,000

Premiums:

Single coverage $24.75/mo

Family plan, $37.50/mo

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Summary of Insurance Coverage

1. Automatic acceptance

Every eligible customer, age 18 and older, who enrolls for Group Accidental Death and Dismemberment Insurance Coverage will be accepted.

2. <>… Coverage amounts decrease to 50% at age 70, and to 25% at age 75. This coverage is fully paid for by Bofa. To begin your coverage, complete and mail the enclosed Activation Form.

5. Also included with additional insurance coverage

Loss of Life - Full benefit amount

...

11. 100% Satisfaction

You may review your Certificate of Insurance and if not satisfied contact the Plan Administrator within 30 days to receive a full refund of any premiums and fees you may have paid.

This document is an outline of benefits only. Complete information on benefits and terms is contained in the Master Policy issued by x*x.

Group Policy Forms: XXXX-XXXXXXXX

Certificate Forms: XXXX-XXXXXXXX

Answer 1

Like in your situation,I would like to advise you have a look here.http://lifeinsurance.online-helpers.info...

Answer 2

Nope, not much likelihood of payout.  MOST people don&#039;t die by accident.  So by the time you figure out you&#039;re throwing your money away, a few years from now, and cancel the policy, they&#039;ve made a few hundred.

Answer 3

No hidden fees, but the probability of an accidental dismemberment or accidental death is usually low, so the insurance companies usually make money on these policies.  Remeber the key word here is accidental.  Not from any disease.  I would review the policy to see if the payout would apply to accidents on the job.