Best Disability Insurance

Individual vs. Group

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The above picture is a depiction of the chance of claims dollars being paid from an Individual Disability Policy (right) vs. a Group LTD Policy (left).  It is also a depiction of how much of a dollar is actually paid or taxed.

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Group LTD is often described as a block of swiss cheese, laced with loopholes and “gotcha’s” that may give an insurance company an “out” to not pay you claims dollars.  Most people do not realize just how many loopholes there are in a typical Group LTD insurance policy until they are struggling to prove a claim or battling an insurance company to get a claim paid.  Still, Group LTD all-too-often provides too many people with a false sense of security.

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It is important to know the differences between how an Individual policy treats you as opposed to how a Group LTD policy treats you.  Below is a chart to help differentiate between the two:

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