What kind of insurance provides coverage primarily for specific risks such as accidental death?

Accidental death and dismemberment insurance is designed specifically to provide financial protection in the event of accidental death or the loss of a limb or other body parts. This type of insurance operates by paying a predetermined sum to beneficiaries if the policyholder dies due to an accident, or to the insured in the case of dismemberment.

The coverage is focused strictly on accidental events, distinguishing it from other types of life insurance which cover death due to natural causes or illness. While term life insurance and whole life insurance provide broader life coverage, they are not limited to accidents. Disability insurance focuses on income replacement when a person is unable to work due to illness or injury, but again, it does not specifically address accidental death. Therefore, the correct choice clearly emphasizes its specialized focus on accidents alone.