The purpose of long-term disability insurance is to provide financial assistance to plan members who can’t work due to a medical condition. If you are covered by an employer-sponsored plan, the monthly long-term disability (LTD) benefits payable are based on a percentage of your pre-disability wages or salary and may be paid until you reach […]
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Going From Short Term Disability to Long Term Disability
Disability insurance is meant to protect employees who suffer an unexpected illness or accidental injury. These policies pay benefits when a physical or mental impairment prevents them from working for an extended period, with benefits being available on a short- or long-term basis. Short-term disability insurance (STD) typically covers conditions such as recovery from pregnancy, […]
Continue ReadingCan You Collect Social Security and Long-Term Disability?
If you are unable to work due to an impairment, you may have several options for receiving monthly disability benefits. Disability programs offered by the federal government and private insurers offer an important safety net for anyone who suffers a medical condition or mental health impairment that affects their ability to work. There are specific […]
Continue ReadingLong-Term Disability Eligibility Requirements
We buy insurance to protect us in case something bad happens: car insurance covers property damage and other losses in the event of an accident, health insurance covers medical treatment, and homeowners insurance pays for losses from fires and other disasters. In the same way, long-term disability insurance provides a financial safety net if you […]
Continue ReadingHartford Long-Term Disability Claims
The Hartford Financial Services Group, Inc. — most often referred to as The Hartford — is an investment and insurance company based in Hartford, Connecticut. Founded in 1810, it offers a range of insurance products, including both short and long-term disability insurance. In 2019, it had over $1.8 billion in profits and was ranked as […]
Continue ReadingSun Life Financial Long-Term Disability Claims
Sun Life Financial is one of the oldest insurance companies in the world. Founded in 1865, this Canadian company bases its U.S. operations out of Wellesley, Massachusetts. It has the sixth-largest group benefits business in the United States, serving more than 60,000 employers. Sun Life Financial offers a range of insurance products, including long-term disability […]
Continue ReadingCan You Get Long-Term Disability Benefits If Your Employer Fired You and Ended Your Policy?
A disability insurance policy can be an incredibly valuable part of your overall financial strategy. These types of policies cover both short and long-term disabilities that may limit your ability to work. With 61 million adults living with a disability in the United States, this type of coverage can be crucial in providing financial stability […]
Continue ReadingMetLife Disability Claim Denials
Disability insurance is a smart option for anyone looking to hedge against uncertainty. Available for both short-term and long-term disabilities, this type of policy will provide benefits in the event that you are unable to work due to a physical or mental health condition. Unfortunately, claims for disability benefits are often denied — including by […]
Continue ReadingHow Long Do Short-Term Disability Benefits Last?
Many of us start our working lives believing that we are invincible. Blessed to be relatively healthy, we may not consider the need for any type of protection from injury or illness. This type of positivity typically only lasts until something bad occurs either to us or to a loved one. More than 25% of […]
Continue ReadingCan You Work in a Different Occupation While Collecting Disability Income Benefits?
If you are unable to work due to a medical or mental health condition, you may be entitled to benefits under a long-term disability insurance policy. But what if you want to do some kind of work while you are on disability? Would do so lead to your benefits being terminated? There is a possibility […]
Continue ReadingCan Long-Term Disability Claims Be Denied for Pre-Existing Conditions
When you get coverage for long-term disabilities for pre-existing conditions from an insurance company, you probably assume that you will be awarded benefits if you are unable to work due to a disability. After all, that is the whole point of this type of policy — to provide compensation to individuals who cannot work because […]
Continue ReadingExpectations on time-line in long-term disability claims
The Employee Retirement Income Security Act (ERISA) is a federal law that controls employee benefits, including group long-term disability policies. ERISA provides that you have 180 days from the date you receive an adverse decision (a denial or termination) to file an appeal. Hiring an attorney When you hire an attorney to handle your appeal, […]
Continue ReadingPrudential Disability Claim Denials
Long-term disability (LTD) insurance offers protection against uncertainty. If you become disabled due to an illness or injury, this type of policy will provide monthly payments to help you cover your expenses while you are unable to work. LTD policies are offered by a number of insurers, including the Prudential Insurance Company of America (Prudential). […]
Continue ReadingCigna Disability Claim Denials
Long-term disability (LTD) insurance can be incredibly important — perhaps even more critical than life insurance. LTD benefits offer monthly payments in the event that you are unable to work due to a disability. These payments can provide a financial lifeline in a time of difficulty. Too often, however, insurance companies that offer these policies […]
Continue ReadingLiberty Mutual Long-Term Disability Insurance Claims
The American Association for Justice (formerly the Association of Trial Lawyer of America) has named Liberty Mutual as the tenth worst insurance company in the United States. The report alleged that Liberty Mutual has adopted a policy of denying, delaying and defending claims rather than simply paying policyholders what they are owed. In addition, Liberty […]
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