This Website is intended to provide general information about Patricia R. Santucci Law, PC, an Ontario Professional Corporation. The presentation of information through this site or use of this site does not create a lawyer and client relationship with Patricia R. Santucci Law, PC or any of its lawyers. Nothing in this site is or may be relied on as legal advice, and readers should always take individual professional advice before taking action. Do not send us case information or materials if we have not previously communicated and agreed to terms of retainer. We disclaim liability for errors or omissions in any information contained in this site.
What is the monthly maximum on my LTD coverage? by Patricia Santucci
Most LTD plans include a “cap” on benefits. This means that your policy may cover you for 66.6% of your regular income, but only up to $2,500 a month. That means that if you are earning more than $50,000 a year, you may not have enough coverage, depending on your personal circumstances. If you made $130,000 annually, you would only get the $2,500 a month maximum (the equivalent of $30,000 annually). Therefore, if you earn a high income, you may want to consider a private disability plan to supplement your group benefits. (33)
Patricia Santucci is a personal injury lawyer born and raised in Hamilton, Ontario. She holds several degrees having attended King’s College at the University of Western Ontario, McMaster University, earned a Master of Arts degree at the University of Windsor and an Ontario Teaching Degree from Teacher’s College as well as her Ontario Teaching Certificate. After graduating from the University of Alberta law school she was called to the bar in 2000. You can find Patricia on Google+ and LinkedIn or directly through this website