Personal Accident
There are many situations where Personal Accident Insurance or Accidental Death & Dismemberment (AD&D) is an excellent alternative or supplement to life insurance. Through Hunter McCorquodale you can obtain AD&D coverage customized to meet your clients specific needs.
Following are examples of situations where AD&D has been used successfully:
- Life insurance applicants declined for medical history
- Foreign travel or residency issues
- Exclusions in group/individual policies
- War and Terrorism
- High Risk Avocations
- Piloting
- Owned, Leased or Private Aircraft Exposure
- Older ages
- Interim insurance
- Short term needs
- Employer contract commitments
- Occupational Accident coverage for Schedule 2 employers
- Volunteer Accident coverage
| FEATURE | DETAILS |
|---|---|
| Coverage Options: | AD&D (Accidental Death and Dismemberment) or AD only Comprehensive Dismemberment and Paralysis Loss Schedule Permanent Total Disability lump sum Temporary Total Disability weekly benefit War and Terrorism High Risk Avocations Piloting Owned, Leased or Private Aircraft Exposure War/terrorism coverage – stand-alone or add-on Individual or group policies |
| Amounts: | Up to $20 million any one life and group aggregates of $50 million or more. |
| Issue Ages: | 0 up to 80 years old. |
| Currencies: | Canadian or US dollars |
| Policy Terms: | 1 day up to 1 year. Renewal subject to re-underwriting. |
| Premiums: | Premiums are determined based on the specific risk profile of each case subject to a minimum premium of $850. |
Sample Cases:
Travel Exposure
A 56 year old independent geologist on contract with various mining companies worldwide has substantial travel exposure including: China, Australia, Ghana, Niger, Senegal and Mali. Additionally, he has a medical history of basal cell CA. Currently earning $370,000 per annum with no group benefits, $660,000 in force. We provided $2,000,000 AD&D and PTD including War and Terrorism.
Auto Racing
54 year old physician and amateur auto racer previously declined by OMA for life and disability due to medical history. He participates in amaterur auto racing 6 weekends per year in Canada and USA. We were able to provide $2 million in coverage, racing only.
Off Trail Skiing
A 41 year old French physician, waiting for residency papers, participates in off-trail skiing in the Alps. Annual earnings of $600,000. Currently, he has an in force Life Insurance policy of $1.2 million with exclusions. We were able to issue $750,000 coverage for off-trail skiing only.
Aviation
A 50 year old part owner of construction company, purchased a small fixed wing aircraft and helicopter in order to learn how to fly. $11M life buy-sell coverage contained aviation exclusion (insurer would not cover until fully licensed). Board mandated that full coverage be purchased. We were able to provided $11M accidental death coverage for flying only.
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– Please request a quote through our online submission form. Submit the quote along with the completed application. We will not consider an application without this.
- For individual coverage – complete an Application Form – The required application forms will be provided to you with the quote. Please print, complete and have your client sign it before submitting. For Group coverage, submit risk details to info@hunmcc.com.
- Complete any other forms or questionnaires indicated as required in the quote illustration.
- Scan and email the Application, signed Quote (and/or any other required questionnaires) to info@hunmcc.com. This will ensure immediate processing. Originals are not required. Please keep them for your records. If you cannot scan the documents, please fax or send a copy via Canada Post or courier to:
Hunter McCorquodale
145 Wellington Street W
Suite 1200
Toronto, ON
M5J 1H8
Fax: (416) 322-6846 - Include a copy of your current license and E&O insurance certificate with the application if you are not contracted with us. We will initiate contracting upon receipt of your first application.