Individual Disability Insurance Policies

1. Individual Individual Disability Disability Insurance Insurance Policies Policies To find out more about how we can help with your long-term disability claim or appeal a denied claim, call Fusco, Brandenstein & Rada, P.C. at 516-496-0400 to speak with one of our New New York York long-term long-term disability disability attorneys attorneys.. Another type of long term disability coverage is the individual disability policy (also known as the disability income or “D.I.” policy). These are privately owned policies one would purchase directly from an insurance company. You ordinarily self-pay your premiums and buy insurance for fixed monthly dollar amount of disability benefits. These policies are not subject to the disadvantages of ERISA. Limitations on mental or self-reported illnesses are rare in individual policies. Disputes may be litigated in state courts similar to any other type of breach of contract claim. Trial by jury is available. A disabled claimant and his or her physicians may testify. Best of all, in state courts a preponderance of the evidence wins.

2. When purchasing an Individual Insurance policy, you generally get what you pay for. It may be more expensive (but well worth the cost) to insure yourself against an “inability to do your own occupation.” You can also pay get “guaranteed renewal,” “cost of living adjustments” in benefits, and riders that allow you to purchase additional insurance. For an additional fees you can also purchase a “partial disability benefits rider,” to protect you if an injury or illness prevents you from performing some, but not all, the duties of your own occupation. (Incidentally, these “partial disability benefits” – also called “residual disability benefits” – are sometimes available under ERISA plans.) At Fusco, Brandenstein & Rada, P.C., we know the importance of collecting benefit payments promptly. You don’t want to face ongoing financial struggles while you’re waiting for the insurance company to approve your claim. We’ll ensure they treat you fairly and don’t violate your rights under ERISA law. Our legal team will work diligently to reach a favorable outcome and recover the maximum benefits you deserve. You won’t be in this fight alone. We’ll remain by your side throughout your case. Whether you’re filing an initial claim or appealing a denied claim, you can depend on us to guide you through the process. Call us at 516-496-0400 if you’re unable to work due to your disability. --------------------------------------------------------------------------