Sentences with phrase «occupation disability definition»

Another thing to consider is if you can work under the any occupation disability definition or own - occupation disability definition, but it is for less money than you were making prior to your disability, the insurer will typically pay you a decreased proportional amount to help make you «whole» compared to where you were financially before the disability.

Any occupation definition of disability is broader, and therefore it provides lower long term disability insurance premiums than the own occupation disability definition.

If you can work under the any occupation disability definition or own - occupation disability definition, but for less money than prior to your disability, the insurer will typically pay you a decreased proportional amount to help make you «whole» compared to where you were financially before the disability.

This plan has own occupation disability definition, meaning the plan will pay out if you can't perform your job, but could still do another job.

Not exact matches

Also, be aware that different insurance companies have different definitions of own occupation and any occupation as it relates to total disability and partial disability.

An option for 2 - year or 5 - year own occupation definition of total disability is available.

The «own occupation» rider modifies the definition of total disability under a basic plan, so you'll be considered totally disabled even if the insured is engaged in another gainful occupation.

Based on the definition of total or partial disability, you can also receive benefits even if you begin work in a new occupation.

The employer enrolled me in their group LTD plan, which was inferior to my individual plan in a number of respects (the definition of disability, wasn't «own occupation» coverage, etc.), so I maintained my individual policy alongside.

Since the «any occupation» disability definition is more restrictive, it's common for people to have their benefits terminated at this 2 - year point.

Usually, the disagreement about eligibility for ongoing long - term disability benefits occurs when the definition of «disability» in the insurance policy changes from an «own occupation» definition to an «any occupation» definition.

The policy provides a 2 year own occupation definition of total disability.

Social security disability insurance (SSDI) has a similar definition of disability to an any - occupation disability policy purchased privately.

The best long term disability insurance provides a true own occupation definition of total disability.

A true own occupation definition of disability is often the most desired for a high - income professional.

It provides a true own occupation definition of total disability that may allow you to work in another occupation and still receive benefits.

Some professions require specialty - own occupation coverage, whereas others can get by with stricter definitions of disability.

There are several different definitions of disability and it is important to understand which one you need to be adequately protected given your occupation.

It may also restrict your definition of disability (forcing a modified own occupation or a social supplement).

Carriers, definitions of disability, objectivity (being truly independent), additional features, and premiums all play a role in attaining the appropriate policy for your protection goals and occupation.

The definition of total disability depends on whether or not you have an «own occupation» or «any occupation» disability definition.

Own occupation definition of disability means you can not perform the substantial and material duties of your own occupation.

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Any occupation definition of disability means you can not perform the substantial and material duties of any gainful employment.

Our supplemental dentist disability insurance plans are built around the own - occupation definition of disability.

Private disability insurance policies often have an own - occupation definition, meaning you still receive benefits if you can't do all of the duties of your current job even if you're able to do other work.

For more information on occupation definitions when it comes to long - term disability insurance, check out our full primer here.

Everyone should aim for at least a «modified own occupation» policy, because when it comes time for a claim you want the definition of disability to be as strong as possible.

If you meet the definition of totally disabled and you become employed in a new occupation, your total disability benefit will not be affected by any income from the new occupation, regardless of the amount.

Own occupation — Generally, your disability should be «own occupation» — that is, you're considered disabled if you can't do your own job, as opposed to being considered disabled only if you can't do any job (known as «any occupation» which, obviously, is a very different definition).

This same scenario may not apply if it has an «any - occupation» or «modified own - occupation» disability definition.

The own occupation definition for total disability requires that you are unable to perform the substantial and material duties of your regular occupation.

Due to the own occupation total disability definition provided in your disability income insurance policy with Petersen, you can continue to receive your total disability monthly benefit, while employed elsewhere.

Ideally, you want an OWN OCCUPATION definition of total disability.

After the 24 month own occupation period, the coverage changes to any occupation total disability definition.

The most comprehensive definition of disability is «own occupation» which means the insurance company will pay benefits if you can't work at your own specific occupation even if you are working in another capacity.

Figure out the definition of disability of the chosen policy: some policies will pay benefits if due to illness or injury you are unable to perform the duties of your customary occupation, while others will pay if you can not get any employment at all.

A total disability definition under an Any Occupation or Any Gainful Occupation policy refers to your inability to work in any occupations that you are able, based on your education and skills.

The any occupation definition is much broader than the own occupation definition of total or partial disability.

A true own occupation definition for total disability and partial disability means you will receive your benefits if you are unable to return to work in your regular occupation, even if you return to work at a different occupation in some capacity.

Certain hazardous jobs that rate higher may not provide the ideal definition for total disability, or the period where own occupation is applied is limited in time.

Own occupation definition of disability refers to your inability to do the substantial and material duties of your own occupation.

It is important that you choose a policy that uses the own occupation definition of total disability, as compared to any occupation.

Any occupation, or any gainful employment, is too broad a definition and requires that you not be able to work in any occupation in order to qualify for your disability income benefit.

An «any occupation» definition requires your disability prevent you from working in any occupation.

The definition of disability is your «own occupation» for the first 12 months and «any occupation» after the first 12 months.

Depending on the definition of disability chosen by the insured, they may receive payments to recover their lost income due to total or partial disability, and whether they are unable to work at their primary occupation before the injury or whether they can work at secondary occupation.

The definition of disability is fairly straightforward: the inability to perform your own occupation.