Suppose you applied for benefits through a long-term disability plan that you purchased privately or obtained through your employer, and your claim has been rejected, or your benefits have been reduced. In that case, you do not have to challenge the decision on your own. Long-term disability lawyers can help you appeal and take legal action if your claim has been rejected or if your benefits have been reduced or withdrawn.
What is a Long Term Disability Insurance?
Long-term disability insurance is an insurance plan that provides financial benefits if a person is affected by an accident that renders them unable to earn income. One can purchase long-term disability insurance plans from an individual or an employer.
Policyholders pay a set amount every month to keep their policy in force so that benefits can be delivered to them when needed.
What is Long-Term Disability Benefits?
If a claim for long-term disability benefits is permitted, the benefits generally involve paying an amount equivalent to a certain percentage of the insured’s monthly income. This percentage will depend on numerous determinants, including the specific conditions of the insurance policy and whether the insured is considered to be totally or partially disabled.
Unfortunately, insurance firms do not always have their clients’ best interests at heart. They often use tactics to withhold genuine long-term disability claims to meet the conditions that qualify for LTD. The denial letter that the insurance company gives will include valuable information about the denial, including why they denied your benefits and knowledge from your medical reports to support the rejection. The letter will also have a date, which starts the counting of the appeal procedure.
When is it appropriate to hire a long-term disability insurance attorney?
The decision to hire a lawyer specializing in long-term disability insurance is up to you. Consequently, you can choose a lawyer to help you complete your claim for benefits if you choose to do so.
The most critical time to contact a lawyer specializing in long-term disability insurance is after you have been informed that your application for long-term disability benefits has been denied or that your benefits have been reduced. Your insurer will set strict deadlines that you must respect. If you do to meet these deadlines, your benefits will be terminated.
Conclusion: Many lawyers working in Ontario’s long-term disability insurance field offer free consultations. They can help you decide whether it is a good idea to hire a lawyer to help you fight for your benefits of long-term disability.