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Lump-Sum Settlements

Lump-Sum Settlements Attorneys

Protecting Your Financial Interests

Most disability insurance companies sell disability insurance policies, hoping that you will never become disabled or collect disability benefits. Once you do file a claim for disability benefits and start collecting the monthly disability benefits you are entitled to, they lose money, and they want to cut their losses as much as possible.

This may lead to you being offered a lump-sum settlement, which is essentially a one-time payment to buy out your disability policy. If you have been offered a lump-sum settlement and want to explore your options, it is important that you speak with our disability insurance lawyers.

Contact Dabdoub Law Firm, Disability Insurance & ERISA Attorneys, today at (800) 969-0488 for a free consultation.

How are Lump-Sum Buyouts Calculated?

There are a number of different reasons why you may benefit from a buyout and others that may make you wary. When you get a lump-sum buyout, you get the entire amount all at once, which means you can use the money however you need or want to. It can also give you peace of mind that you will not stop receiving disability benefits or that your benefits will be questioned months down the line. However, it is also important to consider the amount that you are being offered.

Insurance companies typically use a number of factors to calculate a lump-sum settlement offer, such as:

  • Your life expectancy
  • The likelihood that you will remain disabled
  • The value of your current monthly disability benefits
  • The reserves they have on hand for buyouts

Hire a Caring Disability Insurance Lawyer

Our goal is to work closely with you to help you secure the maximum lump-sum settlement possible. Handling disability insurance matters, including negotiating settlements, is all we do. We have experience working with all major disability insurance companies and understand how to navigate this complicated negotiation process. Our firm helps clients across the country with lump-sum settlements.

If you would like to speak with a lump-sum settlement attorney, call us at (800) 969-0488.

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