All long-term disability insurance policies indicate how much the insured will receive in the event that he or she becomes unable to work due to a medical condition. However, most policies will also include a statement regarding what kind of income can be used to adjust your LTD benefits. LTD policies vary regarding the types […]
LTD Benefits Cut-Off: do I have to find “alternate employment”?
The concept of “alternate employment” becomes relevant in the LTD insurance context once the insured makes the transition, based on his or her policy, from being unable to engage in his or her “own occupation” to whether they are unable to perform the duties of “any occupation”. You can read more about the meaning of […]
LTD Benefits – what does “total disability” mean?
The term “total disability” is generally found in most Long-Term Disability (LTD) insurance policies. When applying for LTD benefits, this term represents the first, of potentially many hurdles, that applicants must get over before being deemed eligible. In order to receive benefits, the insured must meet the threshold of “total disability”. In the context of […]
Laid Off During COVID: what are my rights?
As the COVID-19 pandemic continues to affect the job market, causing many to be laid off from their jobs or have their hours substantially reduced at work, many people are left wondering whether they have any rights in this situation. Generally speaking, there are two sources providing rights to non-unionized employees when they are laid […]
CPP-Disability and Long-Term Disability Insurance
All LTD insurance policies include language indicating how much the insured will receive in benefits if he or she becomes unable to work due to a medical condition. Normally, this amount will be a percentage of the person’s earnings before they became unable to work. However, most of the time, insurers will also include provisions […]
LTD Insurance: What does Own Occupation and Any Occupation mean?
You may have come across the terms “own occupation” and “any occupation” if you have been considering LTD coverage, or if perhaps you are already receiving Long-Term Disability Benefits. LTD policies generally cover part of your income when you suffer from a medical condition that renders you unable to work. This type of policy generally […]