Why consider a lump-sum buyout of your disability insurance policy?
- Why Consider a Lump-sum Buyout of Your Disability Insurance Policy?
If you already are on long term disability, and you’re looking for a lump sum buyout, there are multiple reasons to consider a lump sum buyout. No.1 and probably the most important reason is security, and that means security for your family. With long term disability policies, there are no rights to survivorship, meaning, it’s not like a life insurance policy where God forbid, if something were to happen to you, these benefits will continue to be paid.
Many people who consider a lump sum buyout do it because they want to guarantee for their family that they are going to get a stream of payment for the next 10 or 15 years in the event that something were to happen to them. The other reason that people consider buyouts is that they are sick and tired of dealing with the disability insurance companies and they know that if they sever the relationship, they are free to do whatever they want, they don’t have to be accountable to the disability company, they don’t have to worry that any moment the disability company could decide to deny their benefits.
There are 85 opinions so far. Add your comment now.
Request a Free Consultation
Click here or call 800-682-8331 now!
We respond the same day.
We represent disability insurance claimants all over the United States.
We have handled thousands of disability claims and you can read about them.
- Cigna Reinstates Long Term Disability Benefits to Medical Coder
- Cigna reverses its decision to terminate benefits of a claimant with Fibromyalgia, Cervical Spine Spondylosis and Depression
- Reliance Standard Admits They Were Wrong in Denying Long Term Disability Benefits
- Nearly Three Years Later, Sedgwick Finally Pays Walgreens’ Pharmacist’s STD and LTD Claim
Read what our clients say about us.
- Ron K. ·I was on disability with a major insurance company for five years without any problems, upon a field rep's visit to my home, I let him know that I was planning to try to...› continue
- O. Lee ·My experience with Dell & Schaefer has and continues to be, outstanding. First, I would personally like to thank Cesar for his experience and expertise in handling my...› continue
- Wade S. ·My experience could not have been better. I was instantly made to feel and to know that my best interest was important, that I would be informed of all development in...› continue