Group and Individual LTD policies


#1

I have a group LTD good 'till 65. And my insurance broker tells me that in order to supplemental it, I would need to forget about my word place plan and get my own individual plan. (sounds kind of wasteful having two policies)

My questions is, since I will have two LTD policies, would that pose any issues if I do have a claim. Say having the who insurance companies fight over who has to pay out first.


#2

I think a 2nd plan would be to provide you with more income so they probably both pay (you need to verify that with both plans - insurance companies).

If you plan to have a claim soon or have a pre existing condition make sure the individual plan will cover it.