![]() ![]() You execute documents, signing away your right to receive additional payments for your disability.You and your insurer agree on a lump sum to settle your claim.Your decision affects your long-term disability claim if: Instead of dealing with periodic disability reassessments and wondering how long your benefits will last, you agree to a lump sum settlement, and you walk away. When you accept a buyout offer, you agree to a new payment arrangement. What Happens When An Insurer Buys Out Your Disability Claim? The insurer evaluates your claim and decides what they would be willing to pay if they could resolve it now instead of later. ![]() A long-term disability buyout is similar to a personal injury or workers’ compensation settlement. If your long-term disability insurer has paid monthly benefits for an extended period of time, they sometimes decide that a buyout is a more reasonable option.
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