The effective date of benefits in a long term disability claim is the date on which the insurance company determines that the policyholder or beneficiary became disabled and eligible to receive benefits. This date is important because it determines when the policyholder or beneficiary is eligible to start receiving benefits, and how much they are entitled to receive.
The effective date is typically determined based on the medical evidence and documentation submitted with the claim, as well as any other information that may be relevant to the claim. The effective date may be retroactive to the date that the policyholder first became disabled, or it may be based on the date that the disability was first reported to the insurance company.
It is important to note that the effective date may also impact the waiting period before benefits begin, as well as the duration and amount of benefits that the policyholder or beneficiary is entitled to receive. It is important to carefully review the terms and conditions of the disability insurance policy and understand the effective date and other key terms to ensure that you receive the benefits that you are entitled to.