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Critical Illness Insurance Las Vegas NV

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.

Corey Zimet
10620 So. Highlands Pkwy
LAs Vegas, NV
Company: CBZ Retirement Solutions,LLC
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Artistic Dental Center Dr. James A
(702) 871-7908
6150 W Sahara Ave
Las Vegas, NV
Christensen & Brizzee, D.D.S.
(702) 876-5800
6655 W Sahara Ave Ste 106
Las Vegas, NV
Mark D Lewis, DDS
(702) 878-7700
4610 Meadows Ln Ste
Las Vegas, NV
American Republic Insurance
(702) 221-2032
500 N. Rainbow Blvd
Las Vegas, NV
Sunrise Dental
(702) 257-6767
4480 W Spring Mountain Rd Ste
Las Vegas, NV
Dr. Nick Lords
(702) 227-6510
2950 S Rainbow Blvd Ste 200
Las Vegas, NV
Dr. Dave L. Smith
(702) 871-1808
5320 W Sahara Ave Ste 4
Las Vegas, NV
David Alpan, DDS, MSD, Ltd.
(702) 784-0500
1811 S Rainbow Blvd Ste 109
Las Vegas, NV
The Dental Implant Institute
(702) 220-5000
6170 W Desert Inn Rd
Las Vegas, NV
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Critical Illness Insurance

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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.

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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....

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