Lawyers and Other High Wage Earners
Long-Term Disability Insurance Claims for Lawyers and Other High Wage Earners
Long Term Disability Insurance Companies Make Promises To Pay Benefits Fairly, But All Too Often Break Those Promises.
If you are a legal professional, business owner, executive, or other high income earner with disability insurance, you should be able to rely on getting your claim paid. Unfortunately, disability insurance companies target claims like yours to deny in order to save money. You need the help of an experienced Professionals’ Disability Claims Lawyer, like Eric Buchanan. His disability insurance team is dedicated to helping professionals fight for the Long Term Disability benefits they deserve.
Lawyers, doctors, accountants, and similar professionals often have some of the best disability insurance policies, with terms that should be favorable to the professional, but disability insurance companies often try to deny or reduce disability claims by ignoring or misinterpreting terms in the policies.
Business owners, professionals, executives and other high wage or high income earners often have disability policies that pay significant benefits, and disability insurance companies make important promises about how and when a person will qualify for those benefits. But, because the benefits are high, the disability insurance companies look into each claim more closely, and investigate closely to try to find ways to deny claims.
At Eric Buchanan & Associates, PLLC, we understand the unique demands and stresses that professionals, executives and other high income earners face in their careers. We understand even more how difficult life can be when a high earner suffers from a health problem that interferes with the ability to continue to earn. Most importantly, we understand how disability insurance policies work, and how to best deal with disability insurance companies that are trying to deny benefits. And, if necessary, we know how to fight in court to make an insurance company pay the benefits the person deserves.
We understand the challenges when it comes to filing disability insurance benefit claims, dealing with claim denials, and benefit underpayment. We know that such cases require intense attention to detail and focus on key issues. We understand that even in cases that should be clear, disability insurance companies almost always attempt to deny benefits on some level. That’s because the insurer has a financial incentive to deny your claim, and will use any and every tool at its disposal to deny your claim. Insurance companies have their own lawyers who use the ERISA (Employee Retirement Income Security Act) laws to their advantage; it is to your advantage to do the same.
Have You Recently Been Denied Your Claim Benefits?
Insurance companies typically provide three main components to their “explanations” for denying coverage that legal professionals should closely scrutinize with the assistance of an attorney with expertise in LTD insurance claims law: a medical component, a vocational component, and a contractual component.
- They may say that the claimant is not “fully” disabled by the insurance company’s definition.
If the insurance company determines that the insured is only partially disabled based on their definition of “disabled” in the policy, meaning that the insured can still perform certain duties of his or her profession even while suffering the condition, the claim can be denied.
- They may find that a change of occupation results in the insured being “not” disabled in his or her occupation.
Even if you had to transition to a position that better accommodated you because of your disability, the insurance company may use this against you if you did so before filing your claim. Companies compare duties of the occupation you have held for the past year prior to filing, even before filing the disability claim, so claims are often denied on this basis. For this reason, you need an experienced attorney who can help you protect your benefits and provide you with guidance throughout all phases of the claim process, including career transition.
- They will try to claim that the claimant failed to cooperate with the investigation.
After filing a claim, companies conduct their investigation to determine if the claimant qualifies under its interpretation of “disabled.” During this time, they may request extensive documentation of the disability as well as financial statements, tax returns, etc. Failure to comply will result in the insurance company denying coverage and terminating the policy.
Usually, insurance companies are entitled to a lot of information about your disability, about your earnings, and about other information related to your claim. However, insurance companies sometimes try to delay payment of a claim by asking for the same information over and over, and claiming they “never got it.” Or, they will ask for certain financial records, and then when you give them those records, the insurance company will deny the claim saying you did not give them enough information, even though you sent them just what they asked for.
When things like the above occur, an experienced attorney will advise you what does and does not constitute a proper and reasonable request. Dealing with improper requests from the insurance company is something we help with on a regular basis, as well as helping you submit the proper information that will help you have the best chance of winning your case.
The disability insurance team at Eric Buchanan & Associates has helped clients for years deal with insurance companies’ requests for information. We also help our clients submit the information and evidence that will help you win your case, even though the insurance company does not ask for it, or tell you what will help. Don’t rely on the insurance company to tell you what to do; hire an experienced disability insurance law firm that understands the rules to help you.
Contact Eric Buchanan’s Disability Team Today.
Our disability insurance team regularly fights for people just like you. We understand the rules, how to best present a claim, what information will help you make a great appeal, and how to fight for your rights in court if your claim is denied altogether.
We are a dedicated team of long-term disability insurance attorneys and will be happy to discuss any of these issues with you. For more information and assistance in collecting the full benefits from your insurance coverage, contact us today.