You find that you have become financially unstable due to a disability because of an injury or accident. Maybe you thought disability would be a long time coming, then it hit unexpectedly.
#1- What Is Long Term Disability Insurance?
Long-term Disability insurance can ease some of the financial and medical burden your disability has brought about. This insurance can help with medical treatments or other bills you have.
#2- Do Terms Differ Between Long Term And Short Term Disability Insurance?
There are differences in long-term disability and short-term disability insurance. You can probably guess the biggest differences in the insurance by the title. Long-term helps if you become unable to work at all as a result of injuries due to an accident. Short-term disability insurance is for when you have to miss short periods of time off for illness.
If you have a disability where you are unable to work at all, you qualify to receive long-term disability. There are drawbacks to qualify for long-term disability. These drawbacks usually come directly from the insurance companies. Insurance companies must have proof you are unable to work. You must prove you cannot work now or in the future. Insurance companies also have exclusions you need to consider before investing in insurance.
#3- How Long Does It Take To Get Approvals?
Long-term Disability claims take an average estimated time of one to two years for approval. These claims are generally resolved sooner than other types of claims. This is due to the fact insurance companies know the specific amount of benefits that are allotted. This makes the length of wait time usually less for a favorable resolution.
The severity of long term disabilities can make a huge dent in your financial situation. Due to this huge change in your life you cannot go it alone. You will need a lawyer that will fight for you to get the benefits you deserve. The first thing you will be told by the insurance companies is that you have been denied long-term disability. A lawyer will help you determine the reason for the denial. Your lawyer can also help plan and execute the next action to take.
Your personal injury lawyer in Burlington cannot do it all for you though. You still play an important role in helping with your case. The lawyer can provide the necessary paperwork list. You are the one responsible for documenting doctor visits. You can ask your current employer for a long-term disability application. Next, you will need to do exactly what your medical professional tells you to do. Your lawyer can use all provided information. They use it as building blocks of evidence and proof that form a sturdy foundation for your case.