Long-term disability (LTD) insurance pays monthly benefits to covered workers who become unable to perform the duties of their job for medical reasons. Unfortunately, the process of applying for disability benefits can be confusing, frustrating, and time-consuming, especially if you don’t know what to expect which is why we recommend to hire a social security disability lawyer. Most long-term disability insurance policies pay out for two, five, or 10 years, or until retirement, and a five-year benefit period is typically enough to cover people; according to the Council for Disability Awareness, the average individual disability claim lasts for a little under three years.
According to a medical malpractice law firm if you become disabled because of accident, injury or illness, long-term-disability insurance typically pays 50 percent to 60 percent of your income, while you’re unable to work. According to the Social Security Administration, 1 in 4 people who are 20 years old now will be disabled before they reach age 67.As long as you were covered by long-term disability (LTD) insurance at the time you became unable to work, you may file for short- or long-term disability benefits, regardless of whether you’re still on your employer’s payroll. If you were, you should be eligible for long term disability claims benefits as well.
To level the playing field against a large insurer, it makes sense to hire a disability lawyer and in some cases a social security attorney. If you’ve been injured or become ill and can’t work, and your long-term disability (LTD) insurance company denies you benefits, it’s in your best interests to get an attorney.