Some claimants often think that they don’t need an attorney’s help to claim their disability policy. They make a big mistake in this regard. Insurance companies thrive on bureaucratic tools and order, which stays at their disposal. They use the system to delay, minimize and avoid claim payments. Furthermore, disabled victims are often not able to find and amass the necessary resources to complete a wholesome and comprehensive application for their long-term benefits. Hence, lawyers advocate that clients consider expert legal services. The attorneys have over 35 years of experience in handling insurance agencies. As large offices with over 100 professionals and dedicated support staff, a Personal Injury Lawyer in Collingwood has all the resources and networks on hand to help clients get the necessary corroborating details and medical aid.
Tenure of disability insurance benefits
A Personal Injury Lawyer in Collingwood helps you to proceed with more legal options, which include commencing a lawsuit in case your insurer denies your claim. The duration of your LTD benefits also depends on the concerned insurance policy contract. In general, these benefits persist for anything between two, five or even ten years. They can also continue till you’re 65 years of age. Some policies may also include certain rehabilitation terms and clauses that help you get the benefits. They assist you to return to your employment fold.
Denial of the benefits
If your insurance company denies the benefits, it’s an imperative to consult with a seasoned Personal Injury Lawyer in Collingwood to figure out your best legal options and the best way to proceed. A lawyer can ensure complete protection of your rights and provide the insurance compensation and benefits you deserve. Do remember that the process of establishing and commencing a claim against your insurer can be difficult and complex. It’s in your best interests to align with a legal expert at the onset of the concerned disability. You need to hire a lawyer before processing the application, or as soon as possible after applying.
Are these taxable benefits?
One of the most common questions clients ask a Personal Injury Lawyer in Collingwood is whether the insurance benefits and compensation are taxable. Can you consider them as taxable benefits or employment income? Generally speaking, the distinction between non-taxable and taxable depends on how you or your employer pays your insurance premiums. You need to know that individual disability insurance contracts are not taxable.
The other side
On the other hand, if and when the employer pays for your insurance premiums or policies as part of a proper employment insurance policy or group disability insurance plan, you may consider the benefits as taxable benefits. Therefore, you can include them as part of your income at year end. Again, more specifically, when an employer or organization contributes to a certain individual insurance plan, you can also consider that as taxable benefit. As you can understand, there is a modality that determines the taxability of the benefits. A lawyer can help you understand the tax laws and how you can channelize them. To read more Click Here
Tenure of disability insurance benefits
A Personal Injury Lawyer in Collingwood helps you to proceed with more legal options, which include commencing a lawsuit in case your insurer denies your claim. The duration of your LTD benefits also depends on the concerned insurance policy contract. In general, these benefits persist for anything between two, five or even ten years. They can also continue till you’re 65 years of age. Some policies may also include certain rehabilitation terms and clauses that help you get the benefits. They assist you to return to your employment fold.
Denial of the benefits
If your insurance company denies the benefits, it’s an imperative to consult with a seasoned Personal Injury Lawyer in Collingwood to figure out your best legal options and the best way to proceed. A lawyer can ensure complete protection of your rights and provide the insurance compensation and benefits you deserve. Do remember that the process of establishing and commencing a claim against your insurer can be difficult and complex. It’s in your best interests to align with a legal expert at the onset of the concerned disability. You need to hire a lawyer before processing the application, or as soon as possible after applying.
Are these taxable benefits?
One of the most common questions clients ask a Personal Injury Lawyer in Collingwood is whether the insurance benefits and compensation are taxable. Can you consider them as taxable benefits or employment income? Generally speaking, the distinction between non-taxable and taxable depends on how you or your employer pays your insurance premiums. You need to know that individual disability insurance contracts are not taxable.
The other side
On the other hand, if and when the employer pays for your insurance premiums or policies as part of a proper employment insurance policy or group disability insurance plan, you may consider the benefits as taxable benefits. Therefore, you can include them as part of your income at year end. Again, more specifically, when an employer or organization contributes to a certain individual insurance plan, you can also consider that as taxable benefit. As you can understand, there is a modality that determines the taxability of the benefits. A lawyer can help you understand the tax laws and how you can channelize them. To read more Click Here
