I’m new to this forum but I’m very glad I found it. There seems to be a lot of great information here. Thank you Resolute Legal for setting it up.
I am currently on LTD in Ontario in the own occupation phase.
From my employee benefits booklet any occupation is defined as “… for any occupation for which you are or may become reasonably qualified by education, training or experience.”
I am told by the insurer that from an earnings perspective that the change in definition is associated with something they refer to as “commensurate earnings”. The insurer defines this as 2/3rds of my pre-disability earnings. The insurer communicated this to me by email. No where in the booklet does it define this term commensurate earnings. Has anyone else heard the term commensurate earnings and/ or have seen it defined this way? Or is this just a rule of thumb that the insurer uses and maybe it is actually determined on a case by case basis.
I read in another thread on this forum about the “Master Contract”. Maybe this term and definition is defined in that document and I should be asking for it.
The reason I’m asking is my pre-disability income was fairly high and given my restrictions and limitations I think it will be difficult to find a position that pays me 2/3rds of my pre-disability income.
Any insight would be helpful. Thanks