Why 2 years own occupation LTD


#1

Why do a lot of insurance companies specify 2 years as the own occupation period?
Why not 1 or 3 years?
Do more people on LTD for 2 years, die?


#2

There is no rationale beyond that is what is commonly sold. I expect it is based on medical or rehabilition literature that says 2 years is reasonable time for maximum medical recovery from most conditions, or something along those lines. There are longer and shorter periods — the own occupation periods are not always 2 years. If a company wanted more, the insurance company would sell it.


David Brannen

Disability Lawyer with Resolute Legal

The response posted above is based on the limited factual information made available and is not intended as a full and complete response to the question. The only reliable manner to obtain complete and adequate legal advice is to consult with a lawyer, fully explain your situation, and allow the lawyer enough time to research the applicable law and facts required to give an adequate opinion. The basic information provided above is intended as a public service only, a full one-on-one discussion with a lawyer should be done before taking any any action. The information posted on this forum is available to the viewing public and is not intended to create a lawyer client relationship with any person. If you want one-on-one advice, please click here to request a free consultation or call toll free 1-877-282-5188 to speak with a member with our disability claim support team.