Common Long-Term Disability Insurance Terms

Suffering from a long-term disability, or LTD, can be devastating to your life. When you are unable to work because of an injury or medical condition, you may constantly worry about how you can pay your bills or mortgage and support your family. Long-term disability insurance coverage can help you survive this period of your life, but only if you receive financial compensation on your claim.

If your long-term disability insurance provider is acting in bad faith and refusing to pay your claim, you need a professional legal representative to fight for you. At Hankey Law Office, we can fight for you. Call our Indiana long-term disability lawyers today at (800) 520-3633 and take control of your future. We will schedule a consultation to discuss your legal options.

LTD Insurance Terms

Long-term disability insurance law can be very involved and confusing. Some common terms associated with long-term disability insurance include:

  • Accumulation period – period of consecutive days that starts when you are initially disabled
  • Benefit period – the longest time period when you will receive benefits for the same disability
  • Elimination period – the length of time that must pass before you can begin receiving financial benefits
  • Monthly indemnity – amount insurance companies pay every month for the disability
  • Future increase option rider – lets you apply for more coverage every year until you are 55

Understanding these terms can be important to properly filing your claim. If you have any questions about what these terms or any other term mean, contact an experienced long-term disability lawyer.

Contact Us

If you are having difficulties with your long-term disability insurance provider, we can help you fight for the benefits you need for your LTD. Contact the Indiana long-term disability insurance attorneys of Hankey Law Office, today at (800) 520-3633 to learn more about how we can help you.