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The first thing that you should know is that LTD (Long-Term Disability) benefits are actually a form of income replacement that is duly paid to the claimant when he is completely unable to work due to an injury or an illness. The benefit is going to pay you a certain percentage of your actual monthly income, so the latter is decisive when calculating the amount.
There are certain employers out there who will offer these types of benefits as part of their benefits package. If you have this type of access or you have undergone an accident and you want to sue the other party, you might want to be aware of how long these particular benefits can actually be paid for.
There are a few different factors which are going to determine this time span. The most important thing that you need to consider is usually contained in your policy. So, make sure to go through it carefully. Now, there are also certain things which could alter this time frame, even if it is specified. These include:
• The terms of the policy. A lot of policies are going to get terminated as soon as you hit the age of 65. However, there are certain ones which state that if you’ve been subjected to an injury and you are qualified for LTD benefits, you can continue to receive them even after that age.
• The medical evidence. If the insurance company feels like, at any given moment during the claim, the evidence doesn’t correspond to the actual condition of the claimant; it may request new checkups and examinations. If found non-applicable, this could get your benefits terminated.
• Treatment. Keep in mind that during the period when you get your LTD benefits, the insurance company is going to expect that you take the necessary steps to get better. This includes the proper and regular treatment. Failing to do so could result in a lack of care and it could get the benefits terminated.
Of course, there are also a lot of other things that could have a significant impact on the length of your LTD benefit payment. The first thing, however, that you should go ahead and take a look at is your own insurance policy. Additionally, you want to ensure that you hire a professional and experienced personal injury lawyer in Cambridge, to represent you in front of the insurance company. This is definitely going to be of significant benefit and it’s going to ensure that you get the necessary legal representation and the proper protection. Insurance companies are prepared and you should be too. Having the right legal assistance is important to ensure that your interests are covered by a legal professional.