Protection for when you face the unexpected
Accidents can happen to anyone at any time. With an accident insurance policy from Equitable, you’ll receive a lump-sum benefit payment if you or an eligible family member are injured in a covered accident. That means the stress of medical bills can stay managed, and your focus can stay on recovery.
Learn how an accident insurance policy from Equitable can be a crucial part of financial planning.
How an accident insurance policy works
Accident insurance does not cover every type of injury, but it provides significant support for common accidental injuries like fractures, dislocations and burns, as well as accidental death and dismemberment. Here’s how it works:
Receive a lump-sum benefit payment directly if injured in a covered accident.
Use the payment for any expenses — medical bills, household or daily living costs.
Focus on healing rather than finances with the peace of mind accident insurance brings.
63% of U.S. adults say inflation is causing them to save less for
unexpected expenses.1
Frequently asked questions about accident insurance
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What is group accident insurance?Group accident insurance can be purchased through your employer and this coverage provides cash benefits for unexpected injuries resulting from a covered accident. Our plan covers many types of injuries, treatments and services.
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What is a Wellness Benefit?If your group accident policy includes a wellness benefit, insureds are eligible to annually receive a benefit amount (default is $50) when they undergo any eligible exam or screening from the covered list.
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Why should I buy accident insurance?Accident insurance helps cover unexpected expenses related to an accidental injury, which can be costly. Accident insurance can help protect against unexpected costs that are not typically covered under a medical plan, such as deductibles, copays or out-of-network costs.
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Can I enroll for this insurance without having to take a medical exam?Yes. No medical evidence is required for Equitable's group accident insurance.
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Do I have to wait before I can access benefits?No. Once you are enrolled and your benefits are effective, there are no waiting periods before benefits can be accessed.
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Are benefits paid directly to me or to my health care provider?All benefits for Equitable's group accident insurance are paid directly to you. You can use the payment as you see fit - to cover costs such as out-of-pocket medical expenses, groceries, childcare, or transportation costs.
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What happens if I change jobs? Can I take my coverage with me?Yes. Equitable's group accident insurance is portable, which means you can take your policy with you. The coverage and rates will remain the same.
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Is the claims process simple?Yes. We have two claim forms: one for an accident claim and a short form for the wellness benefit (if included in your plan). The forms are designed to be easy to complete and submit to our claims department. Our average turnaround time for claims is 5 days.
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Are there accidents that aren't covered by this insurance?
The plan does not provide payment for injuries or accidents that aren’t part of the covered list. Additionally, the policy has exclusions that may affect benefits payable.
Click here for full exclusions and limitations.
Take the next step toward staying protected
- Speak to human resources at your company to determine what benefits are available to you.
- Learn how an accident insurance policy from Equitable can be a crucial part of financial planning.
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Visit customer service to get in touch with us.
1 fortune.com/recommends/banking/57-percent-of-americans-cant-afford-a-1000-emergency-expense (Published January 2023).
Equitable is the brand name of the retirement and protection subsidiaries of Equitable Holdings, Inc., including Equitable Financial Life Insurance Company (Equitable Financial) (NY, NY); Equitable Financial Life Insurance Company of America (Equitable America), an AZ stock company with an administrative office located in Charlotte, NC; and Equitable Distributors, LLC. Equitable Advisors is the brand name of Equitable Advisors, LLC (member FINRA, SIPC) (Equitable Financial Advisors in MI & TN). The obligations of Equitable Financial and Equitable America are backed solely by their claims-paying abilities.