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What are the shortfalls of group long-term disability insurance?

April 26, 2017disability group Insurance long-term shortfalls

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What are the shortfalls of group long-term disability insurance?

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Benefits are taxable if your employer pays the premium More restrictive definitions within the policy Many have a 2 year maximum on mental and nervous disabilities 2-year own-occupation any-occupation thereafter Benefit lowered by Social Security, worker s compensation, sick pay, etc No rate guarantees rates will rise