Study Shows Increase in Long Term Disability Claim Denials
The most recent study conducted by the Council for Disability Awareness shows that long term disability claim approvals have declined in recent years:
In addition, 50% of the companies surveyed reported increased claim termination rates.
The companies surveyed included:
- Aetna
- AIG Benefit Solutions
- American Fidelity
- Ameritas
- Assurant Employee Benefits
- Disability RMS
- Guardian
- The Hartford
- Illinois Mutual
- Lincoln Financial Group
- MassMutual Financial Group
- MetLife
- Ohio National
- Principal Financial
- Prudential
- The Standard
- Sun Life Financial
- UnitedHealthcare
- Unum
References:
http://www.disabilitycanhappen.org/research/CDA_LTD_Claims_Survey_2014.asp