September 2, 2019
What’s the Difference Between Long-Term Care and Long-Term Disability Insurance?

What’s the Difference Between Long-Term Care and Long-Term Disability Insurance?

As people reach the age of 65 or older, their risk of health problems and disabilities increases. Medical expenses for certain long-term health conditions and disabilities can be expensive and may create problems for retirement. This is why some people turn to insurance companies for financial help. However, health insurance companies do not tend to cover the long-term treatments or at-home assistance that declining health requires. Medicare may cover some expenses, but is often limited and has strict rules. Long-term care insurance and long-term disability insurance are designed to cover basic living expenses and long-term treatments. Knowing the difference is […]
September 18, 2016

Reasons Your LTD Benefits Can Be Terminated After 2 Years

Even though your long-term disability claim has been approved, your benefits can be terminated by the insurer for a wide variety of reasons. It’s important to understand the conditions under which your monthly benefits can be terminated so you can protect your right to your benefits for as long as you are disabled. Disability Definition Transitions from “Own Occupation” to “Any Occupation” There is a common clause in group LTD policies that changes the definition of disability from “own occupation” — or an inability to perform the duties of your regular occupation — to “any occupation,” which means an inability […]