Originally Posted by
likeitis
I believe coverage doesn't mean receiving. Of course no one is covered when no one is still employed. If you are already receiving benefits of the insurance you will continue to receive benefits dependant on the end of benefit conditions. I persoanlly was on LTD when a previous carrier went away and received benefits.
Excelent point. I just assumed they were the same thing but i found this:
WHEN WILL PAYMENTS STOP?
We will stop sending you payments and your claim will end on the earliest of the following:
- when you are able to work in your regular occupation on a part-time basis and you do not;
- if you are working and your monthly disability earnings exceed 80% of your indexed monthly earnings, the date your earnings exceed 80%;
- the end of the maximum period of payment;
- the date you are no longer disabled under the terms of the plan, unless you are eligible to receive benefits under Unum's Rehabilitation and Return to Work Assistance program;
- the date you fail to submit proof of continuing disability;
- after 12 months of payments if you are considered to reside outside the United States or Canada. You will be considered to reside outside these countries when you have been outside the United States or Canada for a total period of 6 months or more during any 12 consecutive months of benefits;
- the date you die.