Individual Disability Insurance policies are purchased by doctors, lawyers, dentists and other professionals or self-employed people to provide income replacement in the event they are unable to continue to work in their occupation due to illness or injury.
Claims made under these policies tend to be scrutinized to the highest degree and may benefit from earlier intervention of legal representation. At Share Lawyers we have the expertise and experience to assist you at various stages of the claim process.
If your LTD Insurance Benefits claim has been denied by your insurance company, Share Lawyers can take legal action against the insurance company to recover the benefits that you are entitled to.
When it comes to Individual Disability Insurance polices, there are additional issues to be aware of that require the expertise and experience to ensure that you are recovering your maximum eligibility. In particular, these policies usually contain the following provisions, which may differ in their details from one policy to the next:
When you buy your disability insurance policy, you do so in the hope that you will never need to make a claim, and your insurance company is also hoping that you will never need to make a claim. Once a claim is made and payments are being made, the insurance company is losing money on your policy, and so, in some circumstances the insurance company may be interested in “buying-out” your policy for a one-time lump sum payment.
There are numerous factors that go into putting a value on your policy. Some of the factors that insurance companies will consider are:
Lump sum buy-outs of the policy are not advisable for everyone. However, it can be attractive to some for the following reasons:
We understand the patience and compassion that is needed to handle such a case, together with the need for sound legal advice. When you are suffering you are not at your best, and need the steady, compassionate advice of experienced Toronto long term disability claim lawyers to assist you in navigating your way to fair and equitable resolution of your claim.
There are time limits to all claims and any delay in proceeding may be subject to a deadline so you should not delay in proceeding with your claim or obtaining legal advice to clarify these deadlines.
Click here to take a Free Online Assessment now and find out if you have a case.