Why do long term disability companies refuse to pay valid claims?
Profit is their sole motivation. Long term disability companies put profits over the needs of policyholders. In recent cases, insurance companies viewed high-income professionals to be safe risks for disability income insurance. The industry believed most policyholders fitting that description would never make claims. Unfortunately, as these “good risk” professionals aged, the number of injured and ailing policyholders also increased, defying estimations. The number of claims grew and insurance companies such as Unum Provident Group, Paul Revere and Guardian lost money on these policies. They searched aggressively for ways to not pay these policies, and in some cases crossed the line, illegally denying many professionals benefits they were owed. To maximize profits, many of companies are determined to collect premiums from policyholders for as long as they possibly can; even when a policyholder is suffering from illness or injury, their claims are uniformly denied. Statistically, very
