When many people think of long-term disability insurance, they often think of this as a supplementary type of insurance that they do not need. <\/span><\/p>\n While we hope that this is something that a person never has to use, the reality is that many people end up needing to use LTD through no fault of their own. <\/span><\/p>\n This is one of the <\/span>biggest myths<\/span><\/a> that people are believing! Why? They often think that they have other coverages that are meant to cover them. Thus, why would they need long term disability?. <\/span><\/p>\n This is not the case, as this is different from worker\u2019s comp and it is different from social security disability insurance. <\/span><\/p>\n Also, the disability coverage that your employer provides is not going to be good enough. Consider these facts:<\/span><\/p>\n A big issue to remember, you should never think that you will not be one of those who becomes disabled! Thinking this way can cost you in the long run. <\/span><\/p>\n Remember, for those people who are in their 20\u2019s, about 1 in 4 will become disabled before they are at the age to retire.<\/span><\/p>\n This is a common myth that has cost many government employees their livelihood. Why is this believed? <\/span><\/p>\n It is because government employees are eligible for plants like the Federal Employees Retirement System. And this type of program can help a person if they are disabled. <\/span><\/p>\n However, there are very strict requirements that must be met in order to do this. Those who are government employees are going to find that it is worthwhile for them to have a supplementary <\/span>long-term disability plan<\/span><\/a> in place. This can help in the event that they do become disabled.<\/span><\/p>\n Let\u2019s face it, insurance companies do not have a great reputation at all. <\/span><\/p>\n Many people are bullied by insurance companies to take less money than what they were originally promised, or they find that they do not get any payment at all. <\/span><\/p>\n For example:<\/strong><\/p>\n If you do have a policy and become disabled then you\u2019re in good hands. If your policy is meant to cover any type of incident that has caused this disability, you are entitled to this payment.<\/span><\/p>\n While we talk about how important this long-term disability insurance is, this does not mean that you have to have this policy until you retire. In fact, it may be best not to have this until retirement. <\/span><\/p>\n If a person were to have LTD covering them until they retire, they often find that they pay tons more than what they really needed it to. Most professionals recommend that you have a five-year policy. <\/span><\/p>\n This means that the policy will pay you for five years after the policy is claimed when you are disabled. <\/span><\/p>\n In most cases, a disability is only going to last for three years, hence why having a policy that lasts until you retire can be a waste of money. <\/span><\/p>\n Hopefully, through understanding these common myths, you have a better understanding of how this could benefit your life. This type of insurance is something that many people will want to think about as this can make their lives much easier. <\/span><\/p>\n In the event that you do suffer a tragic accident and are disabled, how would you pay your mortgage or rent? How would you put food on the table? Pay those bills that are coming in? This is the value of <\/span>long term disability<\/span><\/a> insurance. <\/span><\/p>\n This insurance can make you worry less about how you are going to be able to pay for your home, bills and food. <\/span><\/p>\n Many people have found that it is this type of insurance that kept them from losing the quality of life that they currently have. <\/span><\/p>\n It has also helped to ensure that their families were taken care of while they healed and got back to one-hundred percent.<\/span><\/p>\n So, what happens when you do need to use your long-term disability insurance? This can be a long process, so don\u2019t expect it to happen overnight. <\/span><\/p>\n There are many people who find that the process itself is long and grueling. However, remember that these insurance companies do not want people taking advantage of the policies that they offer. <\/span><\/p>\n In most cases you will have to:<\/span><\/p>\n Many people find that this process can be stressful when they are already dealing with a disability. However, working with a <\/span>personal injury lawyer<\/span><\/a> can help you dramatically. <\/span><\/p>\n A personal injury lawyer can handle the paperwork for you and ensure that everything is filled out properly, which is often the most common reason for a claim being denied. <\/span><\/p>\n Our team an Conte Lawyers are here to help you through what is a very difficult problem in your life. The sooner that you are able to get your insurance payments, the sooner you can focus on your own health and wellbeing. \u00a0<\/span>Contact us<\/span><\/a> for a free consultation.<\/span><\/p>\nMyth 1: Long-Term Disability is NOT Needed<\/h3>\n
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<\/p>\nMyth 2: Government Employees do not Need to Worry about Long-term Disability Insurance<\/h3>\n
Myth 3: You Will Never Get Paid Anyways<\/h3>\n
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![\"Common](\"https:\/\/contelawyers.ca\/wp-content\/uploads\/2018\/08\/money-2696229_960_720-e1534961250392.jpg\" "\\"Long-term")
<\/p>\nMyth 4: You Must Have Long-term Disability Insurance Until you Retire<\/h3>\n
The Value of Long-Term Disability Insurance<\/h3>\n
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<\/p>\nWhat Happens When You Need LTD?<\/h3>\n
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