The purchase of an executive disability insurance policy is one of the most important parts of a secure financial plan for high salaried professionals.
Individual disability income insurance (IDI) is costly, and is actively marketed to corporate executives, financial analysts, sales executives, physicians, dentists, architects, stock brokers, attorneys and others who seek financial security and peace of mind. Many will purchase IDI at their own expense, or as an add-on to their association plan or their employer’s group long-term disability insurance plan.
These policies are written with specific features designed to protect the income level you’ve worked hard to achieve, should disability happen. With the high costs of executive disability insurance, the rudimentary and motivating selling point is that the insurance company will stand by you in your time of need and provide exceptional coverage. Without this belief, no individual disability insurance plans would ever be sold.
Dealing With Disability Insurance Companies is Not “Business As Usual”
Like so many of our clients, you assumed that your insurer would honor your claim in a straightforward manner. Yet when disability happens and you need the protection you’ve paid for all these years, you are shocked when your claim for disability is denied.
Insurance companies go to great lengths to avoid paying benefits on executive disability claims. In their efforts to save millions of dollars, insurers have an arsenal of techniques they use to challenge your eligibility for benefits and in fact disprove your credibility.
Claims reps and adjustors are well-equipped with shrewd and misleading questions and demands designed to delay and finally deny disability benefits to you. Some IDI insurers may also attempt to undercut your benefits by offering an advance one-time payment for the “estimated” amount of time you will be out of work, but for a lesser overall amount of compensation.
At Marc Whitehead & Associates, our attorneys deal with the true adversarial relationship between the disability insurance company and top-earning policy holders, every day.
Executive Disability Claims Lawyers
Overturning an individual disability insurance denial on your own is a daunting and tedious process, particularly when you are suffering from a disabling medical condition. With decades of experience, we fiercely protect our executive clients against denials and unreasonable delays by insurers who act in bad faith.
Timing can be critical. If you have been unfairly denied your rightful benefits, contact the attorneys who specialize in disability insurance denials. Request a free case review by calling 800-562-9830.
We have successfully settled or won by verdict many such lawsuits for IDI claimants, covering a spectrum of disabling conditions.