March 5th, 2012 
Admin Own Occupation Disability Insurance Policies
An “Own Occupation” definition of total disability means the inability to work at your regular occupation – that is to perform the material and substantial duties of your occupation. Under this definition, total disability means the inability to work at your occupation. The “Own Occupation” definition is favorable to you, the insured. The Own Occupation definition recognizes that a loss of regular occupation usually results in a drastic drop in income even if other employment can be discovered.
In the 1980′s many disability insurance firms wrote “Own Occupation” policies since they were aggressively investing the premiums in the stock marketplace. Which, of course, turned out to be a poor enterprise choice. Numerous of these “Own Occupation” disability policies were sold to professionals: doctors, lawyers, and the like. The following saga is evidence presented and proven in recent Federal Court Decisions in involving Unumprovident, Unum, and Paul Revere.
