Private Long Term Disability Insurance Can Come To The Rescue Of An Injured Worker

Every year thousands of people suffer from disability owing to injury or sickness. Musculoskeletal and connective tissue disorders that include pain in the neck, back, joints, and disorders in the foot, ankle, and hand; and life threatening diseases like diabetes and cancer, not to mention different types of accidents can impair a person’s ability to indulge in any type of  meaningful work for an extended period of time. Any injury, illness, or psychological disorders can be an incredibly devastating experience since it can force people to default on their payments that may lead to foreclosure and, under extreme circumstances, even bankruptcy. Long term disability insurance coverage can be of great help for  disabled workers since it can help them keep their head above water for the time they are unable to resume work. Long term disability insurance is generally provided by the employers and in cases when it is not, the individuals can contact a private long term disability insurance company for insurance coverage. Disability Insurance (often called DI or disability income insurance) will pay a portion of the worker’s salary till the time he is unable to work or the time period mentioned in the contract.

Private long term disability insurance coverage picks up from where the short term disability insurance coverage leaves off. Short term insurance coverage usually has a time period of three to six months and pays up to 40-60 per cent of a temporary disabled worker’s base salary. Long term disability insurance generally replaces a disabled worker’s 60 per cent salary though certain plans can help injured workers receive up to 70 or 80 per cent of their salary. Benefits may vary depending upon the person’s age, occupation, and the type of policy coverage, though it must be understood beforehand that no policy will pay 100 per cent of the injured worker’s salary for the fear that it may prevent him from returning to work even after recuperating fully from injury. Benefits usually last for a certain fixed period of time or till the worker attains the age of retirement (as a worker by that age, anyways will not be dependent on the income generated during the regular course of work).

A long term disability insurance company are required by the law to pay premiums and other benefits to a disabled worker in accordance with terms and conditions of the policy agreement. But it is often seen that private insurance companies indulge in bad faith practices. A disabled worker already reeling under the blow of fate is made to suffer more hardships by some unscrupulous agencies that resort to a wide variety of tricks to deny legitimate insurance claims. An aggrieved party should immediately consult a good lawyer if the pre-set rules and regulations are not being followed by the concerned insurance company. Good lawyers will fight for your right and help you get additional compensation for the losses resulting out of bad faith practices.

People who are interested in private long term disability insurance coverage must also understand that organizations charge higher premiums for insurance policies that provide more monthly benefits, pay for an extended period of time, and also make prompt payment in an event of an injury or sickness leading to long term disability.