Customizing your long term disability insurance policy

Workers should be aware that customized long term disability (LTD) insurance policies are available through many providers, and that they may have options when selecting certain “riders” to cover specific needs; however, when an individual uses a group plan through his or her employer, it is important to note that the employer generally has the power to pick and choose which riders employees will enjoy. Individual plans, on the other hand, allow workers to choose from a number of options, including:

  • Catastrophic disability
  • Child care benefit
  • Cost-of-Living Adjustment
  • Extended Earnings Protection
  • Dependent child continuing education benefits
  • Future increase option
  • Pension contribution
  • Non-cancelable and guaranteed renewable rider
  • Return of premium
  • Relocation expenses
  • Workplace modification

Unfortunately, many employers fail to take advantage of these benefits in order to save money. If you have been injured on the job, it may be in your best interest to retain a skilled disability attorney who can help you get the most out of your LTD provider. At the Hankey Law Office in Indiana, our legal team will use our vast understanding of LTD law to help you. Call us today at (800) 520-3633 to learn more.