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Is there a standard amount insurance companies are supposed to pay out for long term disability
Unfortunately, no. Each LTD policy determines how much the insurer will need to pay. Often, it ranges from 50-70% of the pre-disability income, but as all policies are different, there isn't one standard amount. If you have further questions or think you are being paid incorrectly, please reach out to our disability specialist, Rebecca, at rebecca.stap@stlawyers.ca for further assistance.