Long-term disability (LTD) insurance is designed to protect you in the event that you become disabled and can no longer hold down a job. Typically, this insurance is provided by your employer. The cost of the insurance is usually split between the two of you, with your employer covering a portion of the premium and the other portion coming out of your paycheck.
The idea behind this insurance is that it provides protection in case you get injured or are otherwise disabled. In the event that you can no longer work, it will pay you a percentage of your salary, helping to ensure that you have enough money to live on each month. This income can be absolutely essential for your survival – particularly if you don’t have any other available streams of income to tap into.
Even though LTD insurance seems like a great deal, it doesn’t always work out the way it was designed to. Insurance companies are often hesitant to pay out on claims, making clients jump through hoops before they get approved. In some cases, they even deny applications where there is clear evidence of an injury or disability, leaving people scrambling to come up with a way to get the money that they need.
If you have recently become disabled and are running into trouble getting the benefits you deserve, you may need to work with a lawyer. Disability lawyers like the ones at Valent Legal specialize in these types of cases. They can help you fight back against the insurance company, increasing the likelihood of getting the benefits that you are owed.
Remember – you are entitled to these payments. After all, the whole reason that these insurance policies exist is to help people who are in your situation. You have been faithfully paying your premiums for a long time. It is only fair that the insurance company holds up their end of the bargain.
When comparing disability lawyers, there are certain characteristics that you should watch for. Ideally, you should choose a law firm that has experience handling cases that are extremely similar to your own. Lawyers who are experienced with disability cases are in a far better position to help you than lawyers who have never dealt with this area of the law before.
Consider looking for a lawyer who works on a contingency basis, meaning that they only take a fee if they help you get a settlement or win your case. That way, you won’t be on the hook for any money if they are unsuccessful in helping you recover your benefits.
Finally, consider searching for a law firm that offers a free consultation. You shouldn’t have to pay someone to take a look at your case. Instead, they should be willing to meet with you for free to evaluate your situation to determine whether or not they can help. This initial assessment is important – both for you and for the lawyer. It gives them a chance to make sure they want to take your case and it gives you a chance to evaluate the lawyer.