Long term disability insurance companies make money by not minimizing the amount of benefits paid out on policies. To them, the perfect customer is someone who will never need monthly long term disability benefits. Once an insurance company becomes obligated to pay you monthly disability benefits, the insurance company is losing money and cutting into its profits. To try to minimizes their losses, many long term disability insurance carriers will offer a lump sum disability insurance buyout to an insured who is receiving monthly payments. Virginia long term disability attorney Corey Pollard of the disability law firm of Jenkins Block & Associates can help you decide if a lump sum buyout is your best option.
We represent individuals with serious injuries and disabilities, and can help you try to obtain the maximum lump sum disability insurance buyout possible. We can work with actuaries, financial analysts, and your treating physicians to maximize the lump-sum buyout offered.