LTD Archives - Philadelphia Disability Insurance Lawyer

January 24, 2018

Published by admin at January 24, 2018

Can Any Aspects Affect How Much Long-Term Disability I Receive?

The first thing many people wonder when they have been afflicted with a disability is: How much will my long-term disability benefit be? The truth is, every policy is very different from the next, so it is sometimes difficult to place a specific dollar amount. Most LTD plans will allow you to collect anywhere from 50-80% of what you were making with your salary. However, not every LTD plan will take your monthly salary into account – sometimes they will provide you with a fixed amount. There are also factors that can slightly influence how much LTD you will receive […]

January 26, 2017

Published by admin at January 26, 2017

Canadian Study Finds Link Between GDP And Long-Term Disability Claims

In a pioneering study conducted by Canada’s RBC Insurance, a link has been found between long-term disability (LTD) claims and GDP. The link is counter-intuitive, showing that long-term disability claims actually rise with economic growth. When GDP falls, LTD claims do as well. It may seem odd to find claims increasing when economic times are good, but RBC Insurance believes it’s a similar phenomenon to adrenaline rush stressing the body. “During challenging or uncertain economic times, workers are worried about job security and performance, creating significant mental and/or physiological stress,” RBC Insurance said in a statement. “As GDP rises and […]

September 25, 2016

Published by admin at September 25, 2016

What Happens When Your LTD Benefits Run Out?

If you are already receiving long-term disability (LTD) benefits or you are in the process of making a claim, one of your biggest concerns may be what happens when your benefits period runs out. If your insurance company terminates your LTD benefits while you are still considered disabled under your policy, you may have a lawsuit against the company. In most cases, LTD benefits run out because the policy’s definition of disability has changed, even though the recipient’s health has not improved. Changing Definition of Disability It’s important to understand that your policy’s definition of disability can change at pre-set […]