If your employer offers disability insurance through Principal Financial Group as a part of its benefits package, it may be a good idea for you to choose this coverage. Disability insurance can help you if you are ever temporarily or permanently disabled and unable to return to work by replacing a percentage of your former income for the duration specified in your policy. If you are disabled and submit a claim, you may feel overwhelmed if Principal Financial Group decides to deny your claim. If that happens to you, the professional disability experience of The Law Office of Andrew Reichardt may represent you on your appeal.
BACKGROUND ON PRINCIPAL FINANCIAL GROUP
Founded in 1879, Principal Financial Group is on the Fortune 500 list and is publicly traded on the New York Stock Exchange. It is a global insurer that is based in Des Moines, Iowa, and it has more than 14,600 employees. In addition to a broad range of insurance products, the company also offers retirement benefits and investment products for its customers around the world.
DISABILITY INSURANCE FROM PRINCIPAL FINANCIAL GROUP
Principal Financial Group offers short- and long-term disability group insurance coverage through employers as well as supplemental individual disability insurance plans. The group plans offer benefits that are payable for the duration of your policy if you are disabled and unable to return to work for a short period or a longer time, depending if you have short-term disability insurance, long-term disability insurance or both. The individual disability plans are portable, meaning that you can take them with you if you leave your job and move on to another as long as you continue making your premium payments.
APPEALING A DENIAL FROM PRINCIPAL FINANCIAL GROUP
If your claim is denied, Principal Financial Group will send you a letter notifying you of its decision. This letter will tell you the reasons that the company used to deny your claim and explain the process for appealing the decision. There will be a deadline that is listed in your letter for filing your appeal. You must appeal before the deadline passes, or you will not be able to ever recover your benefits from Principal Financial Group.
When you receive a denial letter, it is important for you to act quickly. You should call to set up an appointment with The Law Office of Andrew Reichardt. You should also call Principal Financial Group and request that the company sends you a copy of your claim file. when you receive it, bring it with you to your appointment. The file will have everything that the company used against you when it denied your claim. By reviewing it, Andrew will be better able to design the most strategic approach for your appeal.
You should always be honest about your symptoms and resist the urge to exaggerate them. Trying to act like your condition is worse than it really is may make the company decide that you are malingering. This could be used as evidence to undercut the validity of your claim. Andrew will insist that you help with your appeal by keeping your medical appointments and possibly submit to additional tests and exams. Make sure to follow through with everything that is suggested as it is meant to help you to build a stronger case on appeal. Adding as much favorable evidence supporting your claim to your file as possible, may win your appeal within the company’s internal process without needing to file a lawsuit. Contact The Law Office of Andrew Reichardt today to schedule your consultation.