A lump-sum buyout is a one-time, lump-sum payout to the disabled person instead of paying benefits out over a longer period of time, often until age 65.
Sometimes people need money right away. The attorneys at Allan W. Ben P.C can approach your insurance company and see if they want to buy out your policy. Alternatively, sometimes insurance companies will approach people who are already being paid and offer to buy them out. Whatever the situation, disability benefits companies are sometimes interested in “buying out” a long-term disability policy.
Given a disability benefits insurance company’s interest in keeping as much money as possible, we can help you negotiate a settlement that is fairer, and hopefully help you recover more money than you otherwise would have. We have negotiated buyouts for many different types of claims, and with various disability benefits carriers.
Call the Law Offices of Allan W. Ben P.C. today at 1-866-540-0677 to help you with your Long-Term Disability case. If you are anywhere in the United States: Ohio, Arizona, New York, Illinois, Floriday, in Michigan- Macomb County, Oakland County, Wayne County, Livingston County, Grand Rapids, Taverse City or anywhere else in Michigan and need help with your ERISA case, contact our office at mailto:info@allanwbenpc.com
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