LTD Cancellation

Most members are in a highly vulnerable financial position when they are confronted with a loss of income during a lengthy or permanent disability. The OECTA provincial long-term disability (LTD) insurance plan provides a safety net that will replace a percentage of your salary and provide pension plan protection if you are unable to work because of an illness or injury.

That being said, it is possible to terminate your LTD coverage, in which case you will no longer have premiums deducted from your pay. Of course, you would then lose the potential safety net this insurance provides.

There are three scenarios in which you might cancel your LTD insurance. Check out the provisions below to see the scenarios.