Yes - in fact, most LTD policies do use both definitions. The cost of a true own occupation policy through retirement age will not be reasonable for most workers. To create affordable policies, many insurance companies have created policies that offer a period of own occupation coverage (usually two to four years) followed by any occupation coverage after that. Here’s how it works: No benefits are available until the end of the waiting period. (Read more about the waiting period below.) At the end of the waiting period, the policyholder is entitled to benefits if the disability prevents them from working in their own occupation. At the end of the true own occupation period, benefits will only continue if the disability prevents the claimant from working in any occupation. The different periods can be confusing. Unfortunately, confusion in any insurance policy can lead claimants to get less than the full value of benefits they deserve.