3 Widely recognized in the field as "AD&D," this insurance provides compensation to the designated beneficiary of the employee in the event of accidental death or loss of certain bodily functions (such as the loss of one arm and leg, which may lead to the payment of a portion of the total benefits). Accidental Death and Disablement Apart from group-term life insurance, there are additional insurance options that you can present, such as: This type of insurance provides a payout to the designated beneficiary of the employee in the event of the employee's death, and it also refunds the premiums paid by the employer. Split-dollar life insurance This insurance is limited to a specific event - the death of an employee during a business trip. If your employees do not travel frequently or at all, this policy may not be a wise investment. Business travel accident insurance 11