collecting disability

Posted: Tue Nov 27, 2012 07:48 pm Post Subject:

The company is guardian.

Posted: Wed Nov 28, 2012 05:13 pm Post Subject:

And what does your contract say about the definition of disability, the duration of your benefit, and is there any discussion of a change in the qualifications for benefits over time?

Posted: Wed Nov 28, 2012 10:26 pm Post Subject:

He already told us that the definition doesn't change.

Guardian contracts sold to CPAs have a true own occ definition of disability that does not change.

The ability to purchase the contract is based upon what the person is doing at the time of application (CPA). Collecting on the contract is based upon what the person was doing at time of claim (Chef).

If his disability stops him from being able to be a chef, he is totally disabled. He can then work as a CPA. His income from being a CPA will have no impact on his disability benefit.

If Hal has this typical Guardian white collar contract, he may have just hit the financial home run of qualifying as totally disabled while earning his income.

Posted: Wed Dec 05, 2012 05:08 pm Post Subject:

Thanks. My agent agreed that I can work as a CPA and collect the benefit. This is awesome!

Posted: Thu Dec 06, 2012 12:26 pm Post Subject:

This is a prime example of why disability insurance must be purchased on the basis of contract and not price. It is only a true own occupation contract that will allow for one to collect based upon the given facts. These are only offered by very few companies and with most of those it is only offered as a rider.