Disability · July 4, 2021

What is Long Term Disability Insurance (LTD)?

Long term disability insurance replaces part of your income each month if a serious injury or illness prevents you from working.

Long Term Disability Insurance is Income Protection

Long term disability insurance is a type of income protection that is designed to cover serious injuries and illnesses that keep you out of work for three months or longer. This includes permanent disabilities that leave you unable to return to work.

Who Should Buy LTD Insurance

Long term disability coverage is a smart investment for healthy, employed individuals who want to secure their financial future. You can get covered by yourself, as a part of a group, or both.

Each long term disability insurance policy spells out:

  • The benefit amount, or how much long term disability will pay you on a monthly basis if you become disabled.
  • The elimination period, or the amount of time you must wait after a disabling event before your long term disability benefits start.
  • The benefit period, or how long your long term disability benefits will last if you become disabled.
  • The definition of disability, or what types of conditions your policy will cover and what it won’t cover.
  • The premium amount, or how much disability insurance will cost you on a monthly and annual basis.

There are several factors to consider when comes to the process of how to get a long term disability insurance benefits payments sent to you. However, denial of long term insurance payments often declined.

What Happens if You Are Denied a Long Term DI Payment Due?

If your LTD claim is denied, there is a very specialized type of attorney needed to assist you in receiving the payment you believe you are due. That type of attorney is a Disability Attorney. A great firm to look to in this situation would be a nationally recognized firm like, Bourhis Law Firm or https://bourhislaw.com.