Were you denied Long-term disability insurance benefits? Did you receive a mail about a class action on the settlement to resolve claims about Oil field injuries and explosions? This review will help you partake in the class action settlement after confirming the authenticity of the mail.
What Is Long-term disability insurance Class Action Settlement?
Once an individual decides how they are going to get long-term disability coverage, they need to determine the specifics of their policy. A variety of factors can contribute to higher premiums including the definition of a disability under the policy, the length of the elimination period, an individual’s income, the length of benefits, and additional features. Compromising on some of these factors may help cut annual premium costs but may result in lackluster coverage.
Other factors may influence premium costs that may be harder to control. For example, age, health, gender, smoking status, and occupation can all determine the cost of an insurance policy. For larger disability coverage policies, a health review may be necessary before a company agrees to insure an individual.
It is also important to consider who will be fulfilling a long-term disability insurance policy. If the company does not have a good reputation, such as Unum and claims of bad faith insurance, individuals may want to look elsewhere.
Insurance companies have been accused of systematically denying long-term disability insurance claims that are valid because they are allegedly trying to cut costs and increase profits.
What Is This Class Action All About?
Most insurers are large powerful companies, which makes filing an appeal intimidating. Hiring an attorney can help level the playing field for policyholders. According to legal experts, when attorneys get involved in the appeal process of an LTD insurance claim denial, the claim is taken more seriously.
In some cases, insurance companies do not play fairly, which makes a disability insurance attorney that much more valuable.
When an attorney is involved, the insurance companies know that they will be held accountable not only for the paying benefits that are owed but also for any bad faith practices that the company may have engaged in.
A long-term disability insurance attorney can help in the following ways:
- Provide help with filling out insurance forms
- Evaluate your insurance claim
- Help you understand the long-term disability insurance laws
- Help you understand your options
- Review medical records, etc.
A long-term disability insurance attorney can provide guidance at any time, however, there are certain ideal stages during which an LTD insurance attorney can provide the most beneficial support — not just when it’s time to file litigation:
- Once your claim has been denied AND before you file an appeal (as you aren’t able to include additional evidence that wasn’t already submitted during the first appeal, making it hard for even an attorney to be of help).
- Before you have even filed your claim for disability benefits. If you are able to get help with filing your application from an attorney from the beginning, it will help improve your chances of getting approved or make it more likely that you will be approved.
Long-term disability insurance attorneys work on a contingency basis, which means that they are not paid unless they win your case and you are paid. This means that there is little risk involved for you to reach out to a lawyer to represent your case, especially if your claim has been unfairly dismissed.
Who Is Eligible?
The settlement benefits all class members who have a long-term disability insurance policy through one of the insurance companies previously mentioned, have applied for long-term benefits, and received a denial letter in the mail within the last 180 days.
How To Be Part of This Settlement
For a class member to partake in this settlement, they must submit their Valid claim on the settlement website.
What Is The Pay For This Settlement?
The pay for this settlement varies and the proof of purchase is not necessary.
Conclusion
As you submit your claim to the settlement website, just like EBT illegally exposed numbers class action settlement we have reviewed , you’re doing so under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim.
