Accidental Death & Dismemberment insurance is exactly what it sounds like: a benefit that provides a payout should you die in a qualifying accident or suffer a severe, non-fatal injury. You'll need to designate a beneficiary to receive the benefit should you die, but you yourself can receive the payout in the case of a qualifying injury.

This kind of benefit can feel a bit grim, but it's important to understand what type of benefits you can qualify for should the unexpected happen.