UNUM’s Current Tricks To Reduce Policy Holder’s Disability Benefits In Settlement Negotiations
UNUM disability policies, like most disability policies, have an “other income” provision that allows the disability carrier to reduce the gross LTD benefits by the receipt of the policyholders Social Security Disability benefits and that of the policyholder’s dependents. Unum has started offsetting dependent Social Security benefits to 19 years and 2 months.
There is a Social Security Administration provision that allows children still in high school to receive benefits to age 19 and 2 months if they are continuing as a full-time student at a secondary or elementary school. Normally the benefits would stop at age 18 unless the child was disabled.
UNUM is trying to squeeze every last penny from its policy holder’s by starting to use the 19 years and 2 months date as a Social Security Disability dependent offset ends when UNUM is calculating the net present value of long term disability benefits.
That extra 14 months can make a difference in the value of a claim.
What Should I Do If I’m A UNUM Disability Policy Holder And UNUM Is Continuing To Take My Social Security Dependent Offset For My Child?
Hire an experienced ERISA attorney immediately! In the meantime, provide the proof of your child’s high school graduation together with an affidavit that confirms that your child has not enrolled as a full-time student at a secondary school. Don’t let the policy language that lets the disability carrier reduce benefits by the amount of Social Security Disability benefits your child receives or is “entitled to receive” reduce the amount of your disability benefits.
Need Help With Your UNUM Disability Insurance Claim?
Call experienced ERISA disability attorney Nancy Cavey who can help you get the full award of the disability insurance benefits you deserve regardless of where you live in the United States.