The elimination period will last a few months rather than a week to a month. For the most part, long-term disability works the same as short-term disability, but covers a longer period of time. Long-term disability coverage offers benefits to employees who are unable to return to work for long periods of time. If your plan allows you to receive a percentage of your income, Sun Life Financial will multiply your monthly income by the percentage amount to get your benefit amount.
You will either have the option to choose a set dollar amount or a percentage of your income. The elimination period starts the day you become disabled and unable to work. Depending on your plan, the elimination period can be one week, two weeks, or one month. Sun Life Financial provides different types of plans that have different types of elimination periods. There’s typically an elimination period that you’ll have to go through before you can start collecting benefits. Short-term disability through Sun Life offers benefits for up to 26 weeks to employees who are unable to return to work for a few weeks or months.
These group plans are customizable so that employers can choose the features of the disability benefits that they offer to their employees. Sun Life Financial offers short-term disability insurance and long-term disability insurance through employers. Disability insurance from Sun Life Financial
It offers a broad variety of products, including life, health, dental and disability insurance along with a suite of retirement and financial planning services. The company was founded in 1865, and it has around 30,000 employees. One of the biggest life insurance companies in the world, Sun Life Financial is based in Toronto, Ontario. How Osterhout Berger Disability Law can help.Appealing a denial from Sun Life Financial.What to do if Sun Life Financial denies your claim.What to do if Sun Life Financial delays your claim.How to submit a claim to Sun Life Financial.What you need to know about Sun Life Financial disability claims.Sun Life Financial long-term disability.Sun Life Financial short-term disability.Disability insurance from Sun Life Financial.
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