• 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 / Long Term Disability Glossary of Key Terms in a Policy / What is a “Rate of Benefit” in a Long Term Disability Claim?

What is a “Rate of Benefit” in a Long Term Disability Claim?

A rate of benefit in a long-term disability claim refers to the amount of money an individual will receive in disability benefits from the insurance company. The rate of benefit is determined by the terms of the long-term disability policy, which sets out the percentage of the individual’s pre-disability income that will be paid out as benefits.

For example, suppose an individual’s pre-disability income was $5,000 per month, and the policy pays a benefit rate of 60%. In that case, the individual would receive $3,000 per month in disability benefits from the insurance company.

The rate of benefit may also be affected by other factors, such as the elimination period or the maximum benefit period. The elimination period is the amount of time an individual must wait before benefits begin, and the maximum benefit period is the maximum length of time that benefits will be paid out.

It is essential to carefully review the long-term disability policy to understand the rate of benefit and how it is calculated. It is also important to ensure that the rate of benefit is sufficient to cover the individual’s expenses and maintain their quality of life in the event of a disability.

Overall, the rate of benefit is a crucial factor in a long-term disability claim, and it is essential to understand how it is determined and what factors may affect it.

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!