Long Term Disability Insurance Helps You Honor Your Financial Commitments

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Long Term Disability Insurance Helps You Honor
Your Financial Commitments
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• Long term disability refers to the injury or
  illness of a worker that may be expected to keep
  him out of work for an extended period of time.
• The time for which the worker will receive
  payment and what part of the salary the worker
  will be paid depends upon the term of agreements
  entered in with the insurance provider.

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• With statistics showing that three out of 10
  workers run a realistic risk of suffering from
  some type or form of disability before
  retirement, long term disability benefits have
  become extremely important for employees benefit
  packages.
• It is being seen that insurance companies with
  increasing frequency are indulging in wrong
  denials of insurance claims. This should not come
  as a surprise though, as an insurance company
  like any other modern corporation is more
  interested in increasing the shareholders wealth
  and corporate profits.

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• If you feel that your rightful claim is being
  denied or there is an unfair delay in processing
  of your claims, you immediately need to get in
  touch with Share Lawyers.
• The Ontarios leading law firm has excellent
  disability claim lawyers who will fight
  relentlessly on your behalf to ensure that you
  suffer no further hardship and get the
  compensation you deserve quickly, and in full.
• In the following section, we shall look at some
  of the basics of long term disability benefits
  and find out a how a good lawyer can help in
  efficient and quick processing of the claim.

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Payment for Long Term Disability Coverage
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• Who pays for the long term disability coverage
  is often the most frequently asked question. This
  is understandable, as there are quite a few
  players who can fully or partially pay for the
  long term disability plan.
• Earlier, it was the company for which you were
  working paid for the entire cost of the insurance
  plan. There has been a paradigm shift in such
  practices in recent time though. Owing to the
  introduction of various tax schemes and benefits,
  majority of the long term insurance plans are
  shared cost plans.

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• A worker also has the option of buying the long
  term disability insurance lawyers in full on his
  own. These private policies do not require filing
  of appeal before bringing in a lawsuit in case of
  a wrongful denial by the insurance company.

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Terms of Coverage Associated with Long Term
Disability
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• This depends upon the employers. They get to
  decide the amount of coverage they can choose for
  their employees. Most plans will pay 50 to 70
  percent of the monthly salary the worker was
  earning before the disability struck.
• The amount of time for which the disability
  amount is paid also varies. Some workers may be
  paid for 5 to10 years, while others may continue
  to receive payment until they attain the age of
  retirement.

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• Conclusion
• Long term disability causes both psychological
  and physical damage. The feeling that they cannot
  work for a long term and will be hard pressed to
  meet their various financial obligations and
  commitments could be extremely disturbing for a
  worker.
• Share Lawyers has expert and qualified long
  term disability lawyers who offer exceptional
  services, as compared to its competitors at the
  most affordable rates.

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Thank You
Share Lawyers 3442 Yonge Street
Toronto ON M4N2M9 Canada
Tel [phone] Toll Free
1(888)777-1109 Website
www.sharelawyers.com