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Group Term Life Insurance provides a lump sum payment to an employee’s beneficiary. A life insurance plan may include an Accidental Death and Dismemberment benefit (AD&D).
AD & D (Accidental Death & Dismemberment) If death is the result of an accident an additinal benefit equal to the life insurance will be paid to the beneficiary.
If an employee looses sight, hearing, or a limb a dismemberment venefit of some portion of the life insurance benefit will be paid to the employee.
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