The good news is both Critical Illness (CI) Insurance and Long Term Disability (LTD) insurance can each help ease the monetary strain caused by serious health concerns.

Critical Illness insurance typically costs less than LTD insurance and benefits are only available for the illnesses listed in your policy, the most common being cancer, heart attacks, strokes, major organ failure, renal failure, and Alzheimer’s disease. Partial benefits may be available for less serious conditions. Illnesses caused by pre-existing conditions are not covered. For CI insurance issued by The Prudential Insurance Company of America, no medical exams or health questions are required for a $10,000 policy.¹

CI benefits are triggered once you are diagnosed with a covered illness, and are paid to you in one lump-sum for either a portion or the full amount of the benefit amount you’ve elected, depending on your condition. Once you’ve reached your plan’s lifetime maximum limit, your eligibility for CI benefits ends.

Long Term Disability insurance is more comprehensive and benefits can last for much longer. LTD insurance is designed to replace a portion of lost income caused by partial or total disabilities that keep you from working—either temporarily or permanently. LTD insurance requires medical and financial underwriting, and if you have any pre-existing conditions, these may be excluded from your coverage.

LTD benefits are intended to protect you if you can’t work for an extended period of time—perhaps years or even decades. You’ll qualify for LTD benefits if you are mentally or physically unable to work, but the specific definition of “disability” will depend on your policy. After a waiting period, you’ll begin to receive benefit payments, which typically continue until you return to work.

CI insurance offers affordable protection and is ideal for those who may not qualify for LTD insurance or simply wish to supplement it. LTD plans offer more robust coverage, but require underwriting and a longer wait for benefits. One or both coverages may be appropriate for you, but every situation is unique.

Click here to learn more about CI insurance.

Click here to learn more about LTD insurance—and to schedule an appointment with an Advisor.

¹ Up to $50,000 of coverage is available. Coverage amounts over $10,000 require you to answer health questions

This site may contain marketing language, on products issued by The Prudential Insurance Company of America, that has not yet been approved in all states.
The products issued by The Prudential Insurance Company of America may not be available in all states.
Not for residents of New Mexico
Not for use in New Mexico
This coverage is not health insurance coverage (often referred to as “Major Medical Coverage”).
This type of plan is NOT considered “minimum essential coverage” under the Affordable Care Act and therefore does NOT satisfy the individual mandate that you have health insurance coverage. If you do not have other health insurance coverage.
Group Critical Illness Insurance coverage is a limited benefit policy issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. Prudential’s Critical Illness Insurance is not a substitute for medical coverage that provides benefits for medical treatment, including hospital, surgical, and medical expenses, and it does not provide reimbursement for such expenses. The Booklet-Certificate contains all details, including any policy exclusions, limitations, and restrictions, which may apply. If there is a discrepancy between this document and the Booklet-Certificate/Group Contract issued by The Prudential Insurance Company of America, the Group Contract will govern. A more detailed description of the benefits, limitations, and exclusions applicable are contained in the Outline of Coverage provided at time of enrollment. Please contact Prudential for more information. Contract provisions may vary by state. Contract Series: 114774.
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