Family (Dependant) AD&D Benefit Payments
Injury or Death Due to an Accident
If you have Family (Dependant) Life Insurance coverage upon the injury or accidental death of an insured dependant, the AD&D benefit is paid to you, subject to any other legislation that may be in place at the time of death.
The AD&D benefit is paid to you in the form of a cash lump-sum payment for:
- The accidental death of an insured dependant, or
- An insured dependant who suffers the loss of a specified body part or loss of use of a specified body part due to an accident.
The AD&D benefit is not subject to income tax.