Basic Life Insurance is one of the simplest life insurance policies. It is often offered as part of the benefits packages businesses offer their employees. Beneficiaries will receive a limited and predetermined benefit if the person holding the policy passes during the term of the coverage. This is Employer Paid.
AD&D (Accidental Death & Dismemberment) coverage can reimburse beneficiaries if the death of the policyholder occurs because of an accident caused by machinery, drowning, or slips, for instance. This is Employer Paid.