By Ray Bourhis and Alexander MacDougall The issue of determining the present value (PV) of insurance policy benefits can be as complicated as it is important. Issues that come into play include: The monthly benefit The life of the policy The claimant’s age at the time he or she became … [Read more...]
Premiums, Taxes and Fees…What you Need to Pay Now, and after LTD Payments begin; and What you Might Expect to Owe the IRS
Warning: Financial Planners Important Information for Financial Planners : Long Term Disability from Ray Bourhis onVimeo. Waiver of Premiums Premiums with LTD policies are usually fixed for the life of the policy. Once a claim is approved, a Waiver of Premium provision that exists in … [Read more...]
The Real Definition of And How Residual Disability Deprives Claimants of their Rightful Benefits
While every Long-Term Disability (LTD) policy includes a definition of total disability, many states (including California, Arizona, and Florida) have their own legal definition of total disability. What happens when these two definitions conflict? The answer is that state law will … [Read more...]
Drug and Alcohol Addiction – Long Term Disability
Drug or alcohol addiction or abuse is clearly a disabling condition qualifying for long term disability benefits. If a claimant with a drug or alcohol addiction goes through a rehabilitation program, the question is, whether the disability continues even after the program has … [Read more...]
California Long Term Disability Bad Faith Law – A Fair Deal for Policyholders
So what do you really think. Ray Bourhis? If an insurance company defrauds or cheats a policyholder out of the benefits the policyholder is owed, and if, as a result, the policyholder his or her home or their life savings, or is forced to hire a lawyer to obtain the benefits they are owed, the … [Read more...]
Psychiatric Disability Paper Review Finds Aetna Abused Discretion Kuntz v Aetna
In Kuntz v Aetna, 2013, the Federal Court found that for Aetna abused its discretion in having based its disability claim denial in a mental health impairment case on a paper review of the Claimant’s medical records. Other courts have referred to denials based on such paper reviews as being … [Read more...]
