Sun Life Long Term Disability Settlement Offer
Recently, Sun Life has been reaching out to people whose long-term disability benefits were terminated or are in the appeal stage to offer them a really low one-time lump sum settlement. Sun Life long term disability settlement offers are a way for the insurance company to reduce its liability when it comes to paying disability benefits.
Sun Life's Long Term Settlement Offer
Sun Life’s settlement offer is usually significantly lower than what they would be required to pay if they accept liability and award disability insurance benefits. Big insurance companies are taking advantage of vulnerable disabled claimants when they are offered a small payment in exchange for walking away from their long-term disability claim. They are offering to settle their case for far less than it is worth. The insurance companies recognize that these people are in a difficult financial situation since they can no longer work.
Unfortunately, this type of behavior is not unusual for insurance companies who want to lessen their case load and ultimately their liability. By offering a lump-sum settlement to someone who may be in desperate need of money, they are hoping they will avoid potential appeals or paying additional monthly disability benefits. They are also hoping to avoid eventual litigation from the appeal denial.
When Should I Hire a Disability Insurance Attorney?
It is so important for someone in this situation to reach out to a disability insurance attorney and discuss their case. Often times, having an attorney step in and deal with the insurance company will ensure your rights are protected and that you are being treated fairly. And more times than not, having an attorney negotiate the settlement results in a much higher payout for the claimant. This can happen before or after a lawsuit is filed.
The experienced disability insurance attorneys at Dabdoub Law Firm handle these types of situations every day. Disaiblity insurance is the only area of the law we practice. We are well versed in how to deal with an insurance company who is trying to take advantage of a claimant.
If you or someone you know has been approached by Sun Life Insurance Company, or any disability insurance company, about a lump sum settlement for your disability insurance benefits, contact the attorneys at Dabdoub Law Firm to learn how we can help. We will fight tirelessly to get you the money you deserve.