LTD insurance claim denied due to misrepresentation Where the insurance provider takes the position that the policy holder misrepresented a fact, or lied, during the application process and there was a subsequent approval of LTD insurance, the insurer will deny benefits. Applicants for insurance coverage have a duty to disclose any material facts requested by […]
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 […]