Top Tips For Collecting Long Term Disability Insurance Benefits

By Author: Randy Orton
Total Articles: 7
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Long term disability insurance benefits can help you live a comfortable, secure life even after a debilitating illness or injury. A large number of professionals and business owners invest in long-term disability insurance policies. They spend thousands of dollars every month to protect themselves and provide for their families in the event of an incapacitating illness or accident.

Unfortunately, many disability insurance holders find their claims denied for spurious reasons. Professional insurance companies are notorious for such faithlessness, and applicants need to be careful when filing their claims to avoid falling into their traps. Here’s how to submit a foolproof insurance claim, and what to do if it is denied.

Choose Your Policy with Care

Long term planning is required to ensure stress free claims processing of long term disability insurance benefits. Many professionals and business owners do not invest enough time in choosing their insurance policies. A lot of workers also do not take the time to check the terms of their company’s group disability insurance plan. This can prove extremely harmful ...
... in the long run. Many disabled workers are denied benefits because of concealed clauses.

It’s a good idea to consult a lawyer or financial planner when choosing disability insurance policies. Selecting the best disability insurance does not necessarily mean choosing a plan with the lowest premiums or higher tax benefits. Look for disability insurance plans that offer at least 70-80% of your salary as benefits. Most company group plans cover only 60% of the salary. So it’s a good idea to get a supplementary policy for the additional 10-20%. Ideally, choose a policy that offers coverage until retirement age. It’s also a good idea to choose policies that include a cost-of-living adjustment if you can afford it. Finally, make sure that the policy is non-cancelable and guaranteed renewable at the same price.

Filing a Disability Insurance Claim

Most disability insurance policies require claimants to submit "proof of loss” within 60 to 90 days. Many policies also include a Notice of Claim provision, whereby claimants are required to notify the insurer that a claim exists, often within 20 days of the occurrence of the disability. Familiarize yourself with the provisions of your policy beforehand to avoid getting caught on the wrong foot.

Your physician and insurance agent are vital allies in the claim filing process. It’s also a good idea to consult a lawyer who specializes in disability claims to ensure a stress free claiming process. In some cases, your attorney may ask you to consult other legal specialists, like a car accident attorney new york, if they feel they can provide specialized aid.

Be factual, precise and truthful when filing your claim. Give only as much information as is necessary to support the claim. It’s a good idea to take the help of an insurance attorney when filing the claim and attending the interview. They will be able to protect you from making potentially harmful admissions. They will also help your physician complete the claim form to best fit the specified definition of disability.

Finally, consult a personal injury lawyer specializing in long-term disability insurance denials in case of problems in claiming your long term disability insurance benefits.

The Donofrio Law Firm, PLLC in New York, USA has been successfully contesting denials of long term disability insurance benefits for 20+ years. Also find car accident attorney New York.

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