I know that feedback was given around terminating LTD early and from a financial standpoint this was not recommended for most people. However, upon seeking financial advice and health issues, I would be farther ahead financially to do this and my pension would provide me with more monthly income right now and going forward to help pay for some left over debt.
Question: Can you terminate LTD anytime - any repercussions from doing this. If I decided to take my employment pension - would I have to inform the insurance co. right away - takes 2-3 months for the pension to be processed If I needed to inform them right away would I suddenly be cut off with no income?
Would my insurance company compensate me in anyway for leaving them early?