When a long-term disability insurance company determines that it may be paying benefits for a long time, they may offer to “buy out” your policy by paying you a lump sum. Acceptance of the lump sum would mean that you no longer have to provide continued proof of disability and they no longer have an obligation to pay you.
Lump sum buyouts will generally be made at a huge discount to the actual present value of their future payments and make sense only if one of the four following conditions are true:
If none of these conditions aren’t true, then it is generally not a good idea to accept the buyout offer.
Give us a call to see if your offer is reasonable. Our Atlanta Long Term Disability attorney will be happy to take your call.
Employer-offered disability insurance plans are governed by a set of law called ERISA: the Employee…
If you have insurance through your employer and your claim is denied, here are some…
The short and tragic answer is yes, and it happens to many disabled individuals. The…
If your long-term disability claim is denied and you file a lawsuit at some point,…
You were injured on the job – say you fell off a ladder and hit…