Disability insurance corroborates to protect working people in case they face any accidental injury or illness during their work time. These policies provide some funding or benefits to the insured workers who are unable to continue their jobs because of their medical condition. These plans are applicable for both short- and long-term disability claims. 

Employers often offer these short- and long-term claims and, in other cases, can be even purchased from private policies. The Canadian Pension Plan also includes disability insurance coverage plans. 

The basic difference between these two claims, as their name suggests, is their time period. The type of claim determines how long you will receive the benefits. This period of time for which you receive benefits is called the benefit period. As you can tell by the name, short-term disability insurance covers you for a short time following the medical condition like an accident or illness. Different policies may offer different benefit periods, but typically it covers you for 3-6 months. On the other hand, long-term disability claims intend to cover you for a much longer time. It can cover you for 5-20 years or even until you retire or reach the age of retirement. 

Which Insurance Do You Need?

Before deciding the insurance you should choose, you should ask yourselves a few questions. This will help you determine what the best decision is depending on your situation. The first thing to think about is that if you have any emergency savings that can cover you for the initial few months if you lose your job. If not, then a short-term disability plan can be the solution. This insurance can cover for you if you are unable to work for a few months.

If you have enough savings to cope with the first few months, you may want to go for a long-term disability claim to plan your future well-being and retirement. Long-term disability insurance is also beneficial in case of permanent disability.

Short-Term Disability Insurance

Short-term disability insurance is appropriate for an employee if they believe or expect to lose or be unable to complete their job for a few months. For example, a person who works on a farm breaks his leg. So, he expects not to work for two months. In such cases, short-term disability insurance is suitable. The benefits are given or paid only for a brief period of time. Depending on the policy standards, they may cover fifty or even a hundred percent of the lost income. These benefits are usually available from 90 to 180 days. The benefit figures will depend on the pre-disability income, and the percentage will be subject to the terms and conditions of the policy. 

Long-Term Disability Insurance

Long-term insurance is suitable in situations where an employee has been in an accident or due to some medical illness and will be unable to continue his or her work for a long time. For example, if a worker suffers from a stroke, they are likely to not return to their job for a year. In such cases, the employee can benefit from long-term disability insurance.

Depending on the policy, it will cover you for half the amount or three-quarters or even more of the employee’s lost income. The coverage is available for a specific number of years until the disabled worker reaches a particular age. 

Important Information for Long-Term and Short-Term Disability Claims

There are a few similarities between the two insurances. These similarities are important, and you must be aware of them. These include:

1. Medical evidence: To claim your insurance, long- or short-term, it will require strong medical evidence as proof. The importance of proof becomes more important in the case of long-term disability claims. It is more of a difficult process when it comes to these claims. 

2. Both insurances are easier to claim with the help of a lawyer: it is a difficult task to claim the insurance from the companies alone. Sometimes the insurance companies even deny the claims. In the presence of a lawyer, the companies cannot deny your claim so easily. Our lawyer can assist you from the initial stages until the end. It is important to have a lawyer from the beginning for various reasons. To begin with, the insurance company may demand information which they might use against you later in case they deny you the claim. To avoid that problem, our lawyer will always assist you through these procedures, so you don’t have to get into such circumstances. 

Our long-term disability claims lawyer in Brampton will guide you in every step and give you the best advice and recommendations. Companies expect that you would not know all the information and rights that you should, so they find loopholes to misguide you and ultimately deny you the claim. In these cases, our lawyers work in your best interests and inform you about all your rights. At times, you may even lose hope, and your disability may hold you back from fighting with these companies. Often, you are provided with long-term disability insurance by your employer. You may expect that the insurance coverage will provide you the benefits you need, but usually, the company provides you benefits depending on the company’s policies and profit margins and not what you deserve. Our Brampton long-term disability claims lawyer is here to help you with the most compelling case to get you your benefits. Contact our lawyer to get the support you need to get your claim sanctioned. Our lawyer will not let you face the insurance companies alone. 

Our lawyers are one of the most experienced long-term disability claims lawyers in Brampton who will help you throughout the whole case from the most initial stages, keeping you informed about your every right. Our lawyer will suggest the best actions you should take. They will help you get your full claim from the insurance company. Contact our lawyers and let us help and guide you through your case to get your claims and benefits.