Wilmington Long Term Disability Lawyers Discuss Lump Sum Buyout
For those already receiving benefits, the question is: What happens if I’m not here in 15 years? Like Social Security benefits, individual and group disability benefits generally end at the death of the recipient. If the person lives a long time, the total could mean a larger amount overall. However, if the person lives for only a few months or even a few years, the sum total of payments ends up being very small.
If you are concerned about your health and your family’s future financial situation, you may want to consider receiving your benefits in a lump sum buyout.
Contact Philadelphia disability insurance benefits lawyer, Keith Martin, at the law firm of Edelstein Martin & Nelson, LLP in Philadelphia at 800-887-4529. Our trusted disability insurance lawyers in Pennsylvania are well-versed in disability insurance matters and we offer free consultations. We advise clients in Philadelphia’s Tri-State Area and across the United States.
The Lump Sum Buyout Option
Many disabled individuals who are already receiving disability payments do not realize they may have the option of receiving a lump sum of their existing insurance policy. A lump sum buyout can give you much more flexibility than scheduled benefit payments over the course of your life. If you are currently receiving benefits, our attorneys will work with accounting and tax planning consultants to determine the best course of action. We can help, whether you have a long-term, group or individual disability plan.
Regain Control After A Denial
If you are frustrated after your disability claim was denied, you might still be able to pursue a lump sum buyout. At Philadelphia disability insurance law firm of Edelstein Martin & Nelson, LLP, we can help you appeal the denial and aggressively fight for the benefits you need.