FAQ About Long Term Insurance Benefits

The insurer can easily deny benefits if the deadline for filing an LTD insurance claim is missed. It is important to be aware of these deadlines in order to increase your chances of having your insurance claim accepted. The deadline varies depending on the policy you’ve taken and the insurance company.

When you have sustained an injury or illness, the rule of thumb is to submit your claim as soon as it is practically possible. Long-term disability lawyers can assist in completing the application package and making sure all supporting documents are attached.

How long do I have to wait to collect long term disability benefits?

When you file a lawsuit for long term disability and it is approved, the next step is waiting to receive your benefits. This waiting period is commonly referred to as the ‘’qualifying period’’. Typically, benefits are awarded to the insured 90 to 180 days after the claim is approved. It may take longer depending on the policy and insurer. If you were paying high insurance premiums, you’re likely to have a shorter qualifying period.

Once approved, you will receive the long-term disability benefits as soon as the short-term disability coverage period expires. Read your insurance policy for more information regarding the qualifying period and if you need help to better understand your plan, speak to Grillo Barristers.

How much will I receive from long term disability insurance benefits?

One thing that really determines how much you are likely to receive from your LTD benefits is your pre-disability average income. You will not receive more than 100% of the income you earned before the disability. The amount you receive will depend on your policy and the guidelines on that contract. Most policies will only compensate for 50 to 80% of your gross income every month. Read your contract thoroughly to understand how much you will receive.

Do I need a lawyer to handle my long-term disability insurance claim?

Some individuals think that they can easily file their long-term disability claim without the help of a lawyer but in most cases, they end up regretting. Your insurer’s goal is to avoid, minimize or delay your insurance claim and hence they will explore all ways and means to achieve this. Furthermore, there are too many resources required when filing this type of claim, making it difficult for an individual facing an illness or injury to provide a comprehensive and complete application in order to receive the benefits.