Articles Editor's Blog Reader Mail

Critical Illness Insurance De Soto MO

Is Critical Illness Insurance a benefit to you? If you are covered by Critical Illness Insurance and you have to collect for a covered condition, your policy will be paid in full.

Carl Goodin
300 Ozark Trail Drive, #215
Ellisville, MO
Title: CFP
Company: Financial Planning Associates, Inc.
Investment Advisor Rep: Yes
University of Missouri, BMED 1973
Webster University, MAFE (Not completed)
College for Financial Planning, CFP 1989
Years Experience
Years Experience: 25
Asset Protection Strategies & Planning,Hourly Financial Planning Engagements,Medicaid,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Individual Income Tax Planning,Medicare Planning,Life Insurance,Investment & Portfolio Management,Long-Term Health Care Planning,Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planni

Data Provided by:
Fleishman-Hillard Inc.
(816) 474-9407
2405 Grand Blvd., Ste. 700
Kansas City, MO
Proteon Therapeutics Inc.
(816) 531-0028
4420 Madison Ave., Ste. 180
Kansas City, MO
877 My Insurance
(314) 368-9125
14575 Manchester Rd
Manchester, MO
Abbott Insurance Inc
(816) 452-8810
6651 N Oak Traffic Way
Gladstone, MO
Kevin Adam
2415 Carter Lane
Columbia, MO
Title: MBA
Company: Forward Financial, LLC
Investment Advisor Rep: Yes
University of Kansas/Economics
University of Missouri/MBA
Years Experience
Years Experience: 17
Life Insurance,Investment & Portfolio Management,Long-Term Health Care Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Business Income Tax Planning,Fee-Only Comprehensive Financial Planning,Captive Insurance,Life Settlements,Pension for Highly Compensated Owners,Stock Market Alternative,Reverse Mortgage,Medicare Planning,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Commission-Only Financial

Data Provided by:
American National Insurance Company
(816) 387-9120
3801 Oakland Ave Ste 205h
Saint Joseph, MO
My Guy
(636) 391-3600
267 Clarkson Executive Park
Ekkisville, MO
My Kids
(800) 930-9832
, MO
Brooke Insurance
(816) 453-4971
5737 Ne Antioch Rd
Gladstone, MO
Data Provided by:

Critical Illness Insurance

Provided By: 

Critical Illness Insurance

Critical Illness Insurance is not the same thing as Long Term Disability (or LTD) insurance. It resembles "Death and Dismemberment" insurance, in that it pays out the full amount of the coverage as soon as you are diagnosed with a critical illness covered by the policy. It also pays a set amount; which you can count on regardless of the outcome of your illness.

So how is Critical Illness Insurance a benefit to you? If you are covered by Critical Illness Insurance and you have to collect for a covered condition, your policy will be paid in full. Better yet, this money is typically paid in a lump sum. This way you can use it for what's most important to you. For example, you can use your benefit's to cover unconventional treatments, travelling costs, specialized treatments, for the kids' college tuitions, or to pay off your mortgage. It's up to you.

pare, save and apply online. Quick quotes from multiple carriers. Breaking Healthcare News! National healthcare discount plan available now for under $3 a day

Many consumers feel that Disability Insurance offers adequate protection in the event of a critical illness and that Critical Illness Insurance is unnecessary. However, since disability insurance is geared to your current wages, it will only give you a percentage of that wage. You may find that this is simply not enough.

LTD usually pays a regular monthly benefit based on a percentage (often 67%) of your monthly-earned income before you become disabled. Before benefit's are paid, a doctor's diagnosis must confirm the disability and the insured individual must complete the waiting period; which is typically 90 to 120 days from the onset of the disability - depending on the policy. Depending on how you pay for your LTD, your benefit's may or may not be tax-free.

Given the waiting period required, you may never collect LTD. The only coverage that would provide benefit's during a shorter period would be your short-term disability insurance. Short Term Disability (or STD) has similar restrictions to LTD. Benefit's are typically based on a percentage of your wages. STD insurance also has a waiting period.

Critical Illness Insurance differs because it usually pays out a one-time lump sum benefit. There are approximately 23 critical illnesses covered under the Critical Illness Insurance policy - including cancer, heart attack, stroke, Alzheimer's, Parkinson's, and multiple sclerosis. You will still need a doctor's diagnosis to confirm the condition, and you may have to complete a survival period; which lasts typically 30 days from the initial diagnosis. However, no other disability, permanent or otherwise, is required to qualify for benefit's with Critical Illness Insurance....

Click here to read the rest of this article from Insurance Guide 101

Local Events

SNA Annual National Conference 2019 - School Nutrition Association
Dates: 7/14/2019 – 7/17/2019
Venue TBD Saint Louis
View Details
About Us | Contact Us | Link to Us | Privacy Policy | Terms of Use | Insurance Resources | Sitemap