Important Terms For Long Term Disability And Other Important Factors To Consider

For people fortunate enough to have a policy of long term disability ("LTD") benefits, they will typically need to refer to the specific wording of their policy before knowing what steps they have to take and what rights they might have once their insurer has decided to cut off their benefits. 

Most LTD policies will have two important periods.  The first period is commonly referred to as the "own occupation" period.  Quite often, the own occupation period will last for the first two years of disability.  However, this might vary depending on a specific terms of one's policy.  The second period is commonly referred to as the "any occupation period".  The any occupation period begins at the end of the own occupation period and usually lasts until an individual turns 65 years old.