• Menu
  • Skip to right header navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Before Header

Has your disability claim been wrongfully denied or terminated? Call us today for help!  (888) 321-8131

  • Facebook
  • LinkedIn
  • YouTube

OLF Ortiz Law Firm National Disability Attorneys

Ortiz Law Firm is dedicated to helping people recover the disability benefits they deserve. We handle group Long Term Disability (LTD) claims, individual disability insurance policy claims, ERISA disability claims, and Social Security Disability claims.

  • ABOUT US
    • Nick Ortiz
    • Our Team
    • Case Results
    • Testimonials
  • PRACTICE AREAS
    • Long Term Disability
      • Long Term Disability Appeals
      • Long Term Disability Lawsuits
      • Lump Sum Buyouts/Settlements
    • ERISA Disability Claims
    • Individual Disability Insurance
    • Social Security Disability Claims
      • Initial Applications
      • Request for Reconsideration
      • Hearing Before an Administrative Law Judge
    • Personal Injury Claims
  • DISABLING CONDITIONS
    • Long Term Disability
    • Social Security Disability
  • INSURANCE CARRIERS
    • View All
    • Insurance Company Tricks And Tactics
  • RESOURCES
    • Blog
    • Get Free Resources
    • Lump Sum Disability Buyout Calculator
    • Long Term Disability FAQs
    • Social Security Disability FAQs
    • Long Term Disability Glossary of Key Terms in a Policy
    • Long Term Disability Case Summaries
    • Abbreviations in Social Security Disability Claims
  • Search
  • CONTACT

Mobile Menu

Call us today for help!

(888) 321-8131
  • ABOUT US
    • Nick Ortiz
    • Our Team
    • Case Results
    • Testimonials
  • PRACTICE AREAS
    • Long Term Disability
      • Long Term Disability Appeals
      • Long Term Disability Lawsuits
      • Lump Sum Buyouts/Settlements
    • ERISA Disability Claims
    • Individual Disability Insurance
    • Social Security Disability Claims
      • Initial Applications
      • Request for Reconsideration
      • Hearing Before an Administrative Law Judge
    • Personal Injury Claims
  • DISABLING CONDITIONS
    • Long Term Disability
    • Social Security Disability
  • INSURANCE CARRIERS
    • View All
    • Insurance Company Tricks And Tactics
  • RESOURCES
    • Blog
    • Get Free Resources
    • Lump Sum Disability Buyout Calculator
    • Long Term Disability FAQs
    • Social Security Disability FAQs
    • Long Term Disability Glossary of Key Terms in a Policy
    • Long Term Disability Case Summaries
    • Abbreviations in Social Security Disability Claims
  • Search
  • CONTACT
You are here: Home / Practice Areas / Long Term Disability & ERISA Attorney / Individual Disability Policy Analysis

Individual Disability Policy Analysis

Like many professionals, your most valuable asset is your ability to earn an income. That is, assuming you’re capable of working. If you are unable to work due to an illness or injury, your financial obligations will not just disappear. Would you have the income or financial resources to maintain your lifestyle? For most professionals, the obvious solution is to invest in disability insurance coverage.

The primary goal when purchasing a long-term disability insurance policy is to replace income lost should you ever become unable to work as a result of an unexpected illness or injury. Unfortunately, many individual and group disability policies are written in such a way that the available coverage is unclear. It is easy for individual disability insurance policyholders who are not trained to read insurance policies to misread or misunderstand an insurance policy.

If you become disabled and have to file a claim for disability benefits, you may find that the coverage you purchased is insufficient. That is exactly what insurance companies intend to happen. They use the small print to deny claims and avoid paying disability benefits

Obtain a Free Analysis of Your Individual Disability Insurance from Ortiz Law Firm

Nick A. Ortiz, the founder of the Ortiz Law Firm, has years of experience representing disabled individuals nationwide and is dedicated to excellent client service and outstanding results. He has handled long-term disability appeals and/or filed lawsuits against major disability insurance companies, including Aetna, Ameritas, Assurant, CIGNA, The Hartford, The Standard, Lincoln Financial, Mass Mutual, MetLife, Mutual of Omaha, New York Life, Northwestern Mutual, Principal, Prudential, Sun Life, and UNUM

What is an Individual Disability Insurance Policy?

Do you have an individual disability insurance policy or a group policy? This is an important distinction to make, as different rules apply to an individual disability insurance policy. It is almost always better to have an individual policy.

Underwriting

A major difference between individual and group policies is that individual policies are underwritten with respect to the individual purchasing the coverage, whereas group policies are based on certain underwriting assumptions related to the general health of a group of people.

Premium Payments

Individual policies are selected and paid for by the insured. Group coverage, on the other hand, is usually offered and paid for (in whole or in part) by an employer or union.

Under some circumstances, an employer will purchase and pay the premiums for an individual policy on behalf of an employee.

Conversely, an individual may personally obtain group LTD coverage unrelated to his or her employment by joining a group that has group coverage available for its members.

Tax Implications

The monthly benefits are tax-free if you pay the insurance premiums yourself. If the premiums are paid by an employer, you may have to pay tax on the benefits.

How Do You Evaluate Disability Insurance?

If you are considering purchasing a disability insurance policy or have recently purchased a policy, we will help you understand the coverage afforded by the policy. As part of our analysis, we will explain what everything means to you in your situation. We will help you understand what you are entitled to and whether there are deficiencies in your coverage that could be problematic in the future.

Aspects of Your Policy We Will Review

Aspects of your policy we will review in our analysis include:

  • Individual disability versus group disability
  • Definition of disability: total versus residual disability
  • Any occupation, own occupation, or transitional own occupation
  • Length of coverage
  • The waiting period to access disability income benefits (also known as the elimination period)
  • Mental and nervous disability benefit limitations
  • Self-reported conditions benefit limitations
  • Offset analysis
  • Future purchase options
  • Available discounts
  • Non-cancellable policy analysis
  • Cost-of-Living Adjustment (COLA)

These terms may not make sense, but do not worry. We will explain all of this terminology and how it would apply to you if you were to file for long-term disability benefits.

Call Ortiz Law Firm at (888) 321-8131 or click the button below to submit your request for a disability policy analysis.

FacebookTweetPinLinkedInPrintEmail

Primary Sidebar

Top Ten Mistakes That Will Destroy Your Long Term Disability Claim

View All Resources

"I highly recommend Ortiz Law Firm. Very friendly staff. They helped me win my appeal against Liberty Mutual. Thank you all for being the best!!"

Lavanda T.

View All Testimonials

Learn More About Long Term Disability

  • Areas We Serve
  • Frequently Asked Questions
  • Denials and Appeals
  • Your Chances of Getting Approved
  • Medical Eligibility
  • Additional Parts That Do Not Happen in Every Case
  • Medical Conditions That May Qualify
  • Long Term Disability Insurance Carriers
  • Occupations That May Qualify
  • LTD Federal Court Case Summaries

Footer

Contact Us

316 S Baylen St., Ste 590
Pensacola, FL 32502
(888) 321-8131
[email protected]
Monday - Thursday: 9:00 AM - 5:00 PM
Friday: 9:00 AM - 2:00 PM

Quick Links

  • About Us
  • Free Resources
  • Client Testimonials
  • Case Results
  • Nationwide Representation

Claims Handled

  • Long Term Disability
  • ERISA Disability
  • Individual Disability Insurance
  • Social Security Disability
  • Florida Personal Injury
  • Email
  • Facebook
  • LinkedIn
  • YouTube

Site Footer

© 2023 Ortiz Law Firm

Sitemap | Disclaimer | Privacy Policy

Share this ArticleLike this article? Email it to a friend!

Email sent!