Are you considering a buy-out offer for your Long-Term Disability Claim?
In the video at the bottom of this page, watch Attorney Ben Glass, a leading authority in ERISA long-term disability claims, as he explains the critical aspects you should consider.
Each case is different, but the money the insurance company is offering is often too low.
Accepting a buy-out from a disability insurance company can be a complex decision.
Pros might include:
- Immediate financial relief, which can be crucial for pressing needs or opportunities;
- Removing uncertainty about future benefit changes due to either improvements or adverse developments in health;
- You might have a better way to invest the money if you got it in a lump sum today;
- You might want to go back to work and, for example, make money on the Internet
Cons might include:
- The fact that buy-outs are typically lower than the total potential benefits, which could lead to financial strain in the long run;
- The elimination of future claims, regardless of changes in one’s health.
Careful evaluation and legal advice are essential in making an informed decision and often the insurance company making you the offer will pay for our services!
Watch this video.
