Professional disability insurance claims are costly for insurance companies to honor. There is a great deal of incentive for insurance companies to deny high-profile claims.
Also known as individual disability income (IDI) insurance, professional disability policies are generally written for individuals in certain occupations that generate income over $100,000 a year. CFOs, CEOs, physicians, dentists, lawyers, athletes, engineers, architects and other professionals typically buy the policies as a form of income replacement, in the event they are stricken with a disabling medical condition.
These people are frequently self employed, and their specialty occupation or skilled practice is the source of revenue that pays for all personal and business expenses. The most difficult news they may ever hear is that their disability claim is denied.
Has Your Insurance Carrier Denied Your Claim?
You can bet that many insurers scrutinize each claim against the language and terms of the policy in order to find ways to deny benefits. They do not look at the picture through your eyes; the financial benefit to the insurance company, when it successfully denies such a claim, is considerable.
Marc Whitehead & Associates is a highly respected adversary in the battle against big insurance. Do not hesitate to contact us if you were denied disability benefits under your professional disability insurance claim. We assist clients nationwide.
Individual Disability Insurance for Professionals
Professional disability insurance policies are written with specific features, such as:
- Own-Occupation: occupation-specific coverage where you have a specialty or sub-specialty rather than the broader definition of “other occupation” or “any occupation.”
- No limitations or exclusions on benefits payable for disabilities caused by mental disorders
- Policies are portable, whereas most LTD ends with employment
- Partial and total disability benefits – to age 65, or for life
- Cost of living increases
- Optional graded lifetime benefits beyond a certain age
- Recovery benefit up to the benefit period through a Residual Disability Rider
As a disabled professional, you may have filed a claim for one of the following:
- Total permanent disability
- Total, long-term disability
- Total, partial disability
- Partial, progressive disability
- Short-term total and/or partial disability
Insurance policies are complex even for experienced business people. In fact, few lawyers have the training, experience, or patience to unravel the language and terms. The insurance companies know this, and often use this and many other strategies to their advantage.
When you file an insurance claim, you are a solo claimant going up against a sophisticated, powerful organization. You can easily be misled and defrauded without experienced legal counsel.
We Help Disabled Professionals Protect Their Rights
Our disability lawyers represent professionals with disability insurance claims spanning a broad range of occupations.
At Marc Whitehead & Associates, our attorneys have a long and successful history of helping business owners and high income earners whose insurance providers denied their claim. Let our law firm fight on your behalf and be your voice with the insurance company.