How does an insurance company view a claim if you qualify for a dread disease and disability claim?
This is largely dependent on the company you are insured with. Most companies however will access both the dread disease and the disability claim and depending which claim is larger, this claim is made first. If your benefits are linked as accelerated benefits to your life cover, depending on the amount of life cover you have left, the second claim will then be paid out accordingly. Therefore you could generate both a Dread Disease and Disability payment for the same event. An example of this would be having a severe heart attack, you will receive a dread disease payment due to suffering the heart attack, however the long term effect of the heart attack could cause you not to be able to work at the same level as before the heart attack which could qualify you for a disability payment as well.
Related Questions
- I have filed my claim for long term disability benefits and the long insurance term disability insurance company is calling. What should I do?
- How can my insurance company deny my disability benefits claim for a "mental and nervous limitation provision" when that is not my disability?
- Why is the insurance company refusing to pay my long-term disability claim when I am clearly disabled and unable to perform my job duties?
