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I have been on LTD with Beneva for 2 years and my workplace has terminated me this week. Will my severance be deducted from my monthly LTD payment dollar for dollar? I.e. If I'm entitled to 32 weeks of severance, for a total of $32,000, will Beneva refuse to pay my monthly LTD payment until $32,000 is reached?
You will have to check your specific LTD policy to see how severance is treated. There may be an offset provision, but each policy is different so we can't say for certain. If you need assistance with this, don't hesitate to contact our disability specialist, Rebecca, at Rebecca.permis@stlawyers.ca