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July 22, 2019
Should I Avoid a Lump Sum Settlement for Disability Insurance?

Should I Avoid a Lump-Sum Settlement for Disability Insurance?

Three things can happen when you file for long-term disability benefits. You can be accepted, rejected, or offered a lump-sum buyout. Lump-sum buyouts can be offered at any point during your long-term disability benefits period. A lump sum is a deal to pay you a large sum of money all at once, in exchange for your monthly income. This may work for some people but can hurt your finances if the wrong deal is made. Talk to a Pennsylvania insurance lump-sum buyout lawyer if you are unsure about what decision to make. Lump-Sum Temptations Several benefits of a lump-sum buyout […]