Should You Apply For Both LongTerm Disability (LTD) Benefits and Canadian Pension Plan Disability (CPPD) Benefits?
Original Source URL: https://tonylafazanis.com/2021/05/12/should-you-apply-for-both-long-term-disability-ltd-canadian-pension-plan-disability-cppd-benefits/ Many people are confused about the differences between LTD benefits and CPPD benefits and how it applies to their particular situation. You may even be instructed by your LTD insurer to apply for CPPD and be left wondering whether you should, or must, apply. What are the Differences? LTD insurance is either provided to an employee in their group benefits plan or purchased privately by an individual. The i nsurance protects an employee from loss of income in the event they are unable to work due to injury, illness, or accident for a period of time beyond Short Term Disability ( STD ) or Employment Insurance Sick Benefits. There is a 2-year time limit to sue the LTD insurer from the date benefits should have been paid. CPPD is the largest long term disability insurance program in Canada administered by the Federal