LTD Yearly updates

Disability Insurance
1

Hi everyone,

I was recently told by my case manager that I meet the definition of “any occupation disability” and my benefits will continue past the 2 year mark. I will be transferred to the maintenance department with only yearly updates required. My question is, does anybody have an example of the yearly update form and what is usually asked? I have LTD coverage with Canada Life.

Thanks!

2

Here’s a link to a form for Canada Life, although it may be a bit different because it’s for Health Benefit Trust, but this could give you an idea of what the form looks like:

3

Some insurers use claim lab which will be an email sent to you each year with a secure webpage link to fill out a few questions. They say it can take 30 minutes, but it literally took under a minute to answer the 4 or 5 “yes or no” questions.

4

Thanks so much for your reply Adam, this is really helpful and puts my mind ant ease.
Always enjoy reading your input, you are a great asset to this forum!

5

Thanks Buckets, good point about the claims lab, I’ve read about this on the forum. Sounds pretty straight forward yet somehow I am still fearful and always on guard.

6

Anybody else have a different experience at the yearly update? I heard some people just get a form that they fill out on their own. Would love to see some more examples of the yearly update if anyone has a blank or if it is different than what Adam has already contributed. Thanks again Adam, you are so kind to take the time to upload!

7

David did a video on update forms with a bunch of update forms and great advice on how to answer some of the questions. It was in January 2022 if you want to look it up in his webinars.

8

Thanks Caro, will definitely look it up and watch! :blush: