There are quite a few different ways that an accident can result in. As unfortunate as it may be, long term disabilities as well as critical illnesses are most definitely a possibility. These are both part of the so called “living policies” which are significantly different from death benefits or any kind of life insurance policies. This is due to the fact that the one who is insured is actually still alive. He is the direct beneficiary and he is able to recover the benefits under the agreement.
Unlike it, the “death policy”’ is designated to provide the benefits to the living beneficiary or a trust or a corporation – it doesn’t really matter. The point is that there is someone else who is going to recover the benefits which stemmed from the demise of the victim.
If you are going to be filing a claim for LTD or critical illnesses in Ontario, you might want to understand exactly what it is that you are getting yourself into. The truth is that there is quite a lot to be understood so let’s go ahead and take a look.
The support of the family doctor
The one who is going to be filling out the necessary application is your family doctor or the treating physician. So, you need to make sure that you are on the same page. Now, some doctors refuse the hand out the application until it has been faxed or mailed directly to the insurer and this is why patients have no idea exactly what it is that has been written in them. This means that if your doctor isn’t really supportive, the information that he had included and sent out might not be in your best interest – keep this in mind.
Statute of Limitations
The longer you wait to fill out the form and to send it out to the insurer, the greater the chance to miss the waiting periods is. This is something that you need to account for. The timelines are particularly important and you should really take them into account. Failing to meet the deadlines might actually be a bar to your claim or it might actually make the process of approving a lot more difficult. Additionally, it is important to talk with your injury lawyer so that you are aware of the statute of limitations and you don’t miss the timelines.
Be prepared
As soon as you send out the LTD or Critical Illness application, you might be required to send out medical records as well. So, with this in mind, you should be prepared with them in order to support and provide the basis of the LTD or the Critical illness claim. In any case, this is much more difficult to handle and you should take this into proper consideration. Don’t try to represent yourself or a loved one but have a professionally licensed lawyer representing you.