There are many terms in an LTD insurance policy. Own occupation versus any occupation is only one factor to consider. When shopping for an LTD plan, consumers must carefully assess: The benefits they will need How long the purchaser wants LTD benefits to last The waiting period that applies to plan benefits The ability to cancel and renew the LTD policy as needed The ability to work while receiving LTD benefits Whether the coverage applies to work in one’s own occupation or any suitable occupation Protections for student loans Future increases to benefit payments Cost of living adjustments to benefit payments